Life Insurance

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When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse now deceased—your policy can become a powerful and simple way to support our work. There are three ways to give life insurance to Quincy University:

Name us a beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you.

Make an outright gift of an existing policy. You can name us as owner and beneficiary of an existing policy. You may receive a federal income tax charitable deduction and reduce your future estate tax liability. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift.

Make an outright gift of a new policy. You can take out a new policy and irrevocably name QU as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift.

Not Sure How to Begin Planning?

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Next Steps

  1. Contact Julie Bell at 217-228-5229 or bellju@quincy.edu for additional information on life insurance.
  2. Seek the advice of your financial or legal advisor.
  3. If you include QU in your plans, please use our legal name and federal tax ID.

Legal Name: Quincy University
Address: 1800 College Ave., Quincy, IL 62301
Federal Tax ID Number: Please contact us for our federal tax ID number.