Life Insurance

HomeLife Insurance

A gift of life insurance is a great way to leverage your impact at the MidwayUSA Foundation allowing you to make a sizeable gift for pennies on the dollar.

You can make a meaningful impact by naming the MidwayUSA Foundation owner and beneficiary of a life insurance policy. If your policy is not fully paid up, you can make an annual gift to the MidwayUSA Foundation to cover the annual premium payment. When the policy matures, the proceeds will be paid to the MidwayUSA Foundation to be used in accordance with your designated intentions. Click here to view the Foundation’s policies with respect to the acceptance of ownership of a life insurance policy.

Rather than transferring ownership of a policy, you may also wish to consider simply designating the MidwayUSA Foundation beneficiary of all or a percentage of an existing policy. To designate the Foundation beneficiary, please contact your life insurance provider to request a beneficiary form which will allow you to update your beneficiary information.

BENEFITS OF GIFTS OF LIFE INSURANCE

  • May receive a charitable income tax deduction where ownership of policy transferred to the MidwayUSA Foundation.
  • If policy not fully paid up, you may also receive a deduction for annual premium payments if the Foundation owns the policy.
  • You can make a meaningful impact with modest premium payments.
  • Great way to leverage your gift and enhance your legacy impact beyond what you thought possible.

Contact Us

If you have any questions about gifting through life insurance, please contact us at (877) 375-4570 or email us at Info@midwayusafoundation.org. We would be happy to assist you and answer questions.

This site is informational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.

For California Residents:  Due to California Bill AB2571, which targets the advertising or marketing of firearms-related products to minors (under the age of 18) in the state of California, MidwayUSA Foundation is only able to provide limited fundraising and administrative support to endowed youth shooting teams and organizations in that state.  As you know, MidwayUSA Foundation is a nonprofit, charitable and educational organization that is not engaged in the sale of actual firearm-related products.  Our programs specifically educate youth on safe usage of firearms and firearm-related products.  Unfortunately, given this law, product grants, in-state events, sweepstakes participation, some news and some marketing updates (direct mail or email), etc. must be suspended until further notice.  Please reach out to your program manager with questions.  Thank you for your understanding.

If you are a minor in California, please do not continue on this website.  Otherwise, welcome to MidwayUSA Foundation!

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