Gift of Life Insurance

Having a valid will in place may not be enough. Assets like IRAs, 401(k)s, pensions, life insurance policies, and more are called “non-probate” assets and must be planned for separately. 

Using the online tool below, you can log all of your assets, name individuals or an organization (like AILEY) as a beneficiary, and receive printable instructions on how to set each one up with your plan administrator. 

Plan your beneficiaries today

You can make a significant gift by naming Alvin Ailey Dance Foundation, Inc. as 

• A beneficiary of your life insurance policy, so that AILEY will receive the proceeds after your lifetime 
• A co-beneficiary with others who will share the life insurance proceeds with AILEY after your lifetime 
• A contingent beneficiary, directing that AILEY will receive the proceeds if the primary beneficiary should predecease you 

Benefits 

• You retain control over your life insurance policy during your lifetime 
• You can change the beneficiary if circumstances change 
• If the proceeds of your life insurance policy are transferred to AILEY, your estate may be entitled to a tax deduction for the value of your gift 
• Your gift will help ensure AILEY’s future 

Another option 

If you own a fully paid-up life insurance policy with cash value, you can donate that policy to AILEY during your lifetime, making Alvin Ailey Dance Foundation, Inc. the owner and irrevocable beneficiary of the policy. By making this gift, you may be entitled to an income tax deduction in the year of the gift. 

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