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Life Insurance
A gift of whole life insurance can be made to LCSC
by naming Lewis-Clark State College the irrevocable
owner and beneficiary of the policy. The policy,
which can either be paid-up, or, if not paid-up as
of the date of the gift, has a minimum face value of
$100,000, has a payment schedule not to exceed ten
years, and which assumes an interest rate not to
exceed 2% below the prime interest rate as of the
effective date of the policy.
Gifts of life insurance policies require charitable
contributions from the donor to the College in the
amount of any premiums, including unscheduled
premiums, which may become due.
For more information about giving a life insurance
policy to LCSC, please contact the Office of College
Advancement at (208) 792-2458.
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