There are many ways and outcomes for using life insurance policies as charitable gifts, the most common of which is to name the American Truck Historical Society as a beneficiary. It’s simple, and individuals usually do this when their family is grown and taken care of because the original purpose of the policy is no longer as significant.  Request and sign the beneficiary paperwork, and keep a copy with your valuable papers.

ATHS supporters interested in tax deductions have made an absolute assignment (gift)of a life insurance policy or donated a new life insurance policy. Both options allow for a current income tax deduction.

To learn more, consult your tax advisor and contact ATHS via email or by phone at (816) 891-9900.