Gifts of Life Insurance

A gift of your life insurance policy is an excellent way to make a gift to the National Strength and Conditioning Association Foundation. 

If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults. 

A donor can designate the National Strength and Conditioning Association Foundation as a beneficiary to a new or existing life insurance policy. 

Benefits of gifts of Life Insurance 

• If the National Strength and Conditioning Association Foundation retains the policy to maturity, you may receive additional tax deductions by making annual gifts so that we can pay the premiums.
• If the National Strength and Conditioning Association Foundation cashes in the policy, you will be able to see firsthand how your gift supports our charitable work.
• If the National Strength and Conditioning Association Foundation retains the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work.
• Your gift of life insurance will help further the work and mission of the National Strength and Conditioning Association Foundation immediately! 

How to make a gift of life insurance 

For existing policies, you must notify your plan’s administrator and request a change of beneficiary form. On this form, you will then designate the National Strength and Conditioning Association Foundation (Federal Tax ID#26-0587834) as your primary or contingent beneficiary. 

For new policies, when completing your application, you will designate the National Strength and Conditioning Association Foundation (Federal Tax ID#26-0587834) as your primary or contingent beneficiary.