A life insurance policy may be attractive because it affords you the opportunity to make a gift at a sizeable face value value for a minimal outlay of cash. You may give an existing policy, either fully paid or partially paid, or a new policy. Similar to the retirement plan designation, the proposed gift to St. Ronald is accomplished by naming St.Ronald as a beneficiary of the policy on the beneficiary designation form. Upon death, the parish will receive a portion of, or all, the proceeds from the policy. You are entitled to a charitable income tax deduction equal to the cash surrender value of the property and any future premiums paid only if the parish is named as the owner and beneficiary of the policy. Your insurance agent or financial planner can help you make the correct ownership and beneficiary changes.

Here is some information to share with your financial planner or estate planning attorney:

St Ronald Parish Federal Tax ID #: 38-1992483

St Ronald Parish, Mailing address: 17701 15 Mile Rd, Charter Twp. of Clinton, MI 48035

If you have any questions, please contact the Parish Office at 586-792-1190 or parishoffice@stronald.com.

The information we have provided above is for estate planning purposes and is not meant to be legal or tax advice. If you have any questions please do not hesitate to consult your financial planner or estate attorney.

Please let us know if you have already included St Ronald Parish as a beneficiary of your estate. We would like to thank you and recognize you for your gift.