A gift of life insurance that you no longer need can be an easy way for you to provide generous support to Americans for Prosperity.

A gift of life insurance could be right for you if:

  • Your life insurance policy is paid up or has substantial cash value.
  • You have no loan outstanding against the policy.
  • Your family is well-provided for by other means.
  • You would like to make a generous gift to AFP.

Life Insurance

How it works

Option 1:  You give your policy to AFP.
As the policy owner, AFP will either cash in your policy and use the proceeds, or maintain the policy until it ends and then receive its face amount. Your benefits will include:

  • No change in your cash flow.
  • The satisfaction of making a generous gift to AFP.

Option 2:  You designate Americans for Prosperity as a beneficiary of your policy. When your policy ends, AFP will receive some or all of your policy's death benefit, as you have designated. Your benefits will include:

  • No change in your cash flow.
  • The satisfaction of making a generous gift to AFP.

This option offers the additional benefit that you can change your mind about your gift at any time should circumstances in your life change. 

This information does not constitute legal or tax planning advice.  Please consult with your legal or financial advisor. Americans for Prosperity is a §501(c)(4) entity, as determined by the Internal Revenue Service. Contributions to Americans for Prosperity are not tax-deductible. Americans for Prosperity can advocate for and against specific legislation at the state and federal levels.

How Your Gift Helps

Your gifts to Americans for Prosperity help to recruit, educate, and mobilize citizens in support of the policies and goals of a society of mutual benefit at the local, state, and federal level. It will provide Americans for Prosperity with the resources to…

persuade public officials to embrace an agenda of economic freedom.
educate our friends and neighbors on the issues shaping our economy.
get everyone involved in building a culture of freedom at the local, state, and federal levels.

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Your life insurance may have a new purpose to serve
You may have purchased a life insurance policy years ago when you wanted to protect your family from financial hardship in case of your untimely passing. Now that your children are grown and independent, your mortgage is paid off, and you have accumulated sufficient assets in your estate to pass on to your family, you may no longer need your life insurance policy for its financial protection.

If this is your situation, consider making a gift of your life insurance policy to Americans for Prosperity. The value of your policy can provide generous support to our mission without affecting your cash flow.

Give a paid-up life insurance policy
A paid-up life insurance policy is a policy that will stay in force without any additional premium payments. A paid-up life insurance policy is a valuable asset and makes an excellent gift. 

When you give your paid-up insurance policy to us, we will either cash in the policy immediately and use the proceeds, or maintain the policy until maturity and receive the death benefit of the policy. 

In order to make your gift, you must assign AFP all ownership rights to your policy and make AFP the irrevocable designated beneficiary of the policy. Usually this can be accomplished by completing a simple form from your insurance provider. Be sure to identify us as: Americans for Prosperity, 1310 N. Courthouse Rd. Suite 700, Arlington, VA 22201, Federal Tax Identification Number: 75-3148958

Make AFP a designated beneficiary of your policy
Another great way to make a gift to us with your life insurance policy is to make AFP a designated beneficiary of your policy. When your insurance reaches maturity, we will receive the amount or proportion you designate. You can change your designation at any time, giving you the flexibility to revise your gift for any reason.

It is very easy to make AFP a designated beneficiary of your life insurance policy. Simply contact your insurance agent to make a change on your policy's beneficiary designation form. Be sure to identify us as: Americans for Prosperity, 1310 N. Courthouse Rd. Suite 700, Arlington, VA 22201, Federal Tax Identification Number: 75-3148958

Loan against policy will create taxable income
If you give a life insurance policy on which you have an outstanding unpaid loan, you will be considered to have sold your policy for the amount of the unpaid loan. As a result, you will have to declare a portion of the loan as taxable income. You may want to pay off your loan prior to making your gift in this case.  

If you plan to designate AFP as a revocable beneficiary of your policy, the existence of an unpaid loan against your policy will not affect your tax picture.

A few states will not allow you to give life insurance to a charity
For your gift of life insurance to be valid, your state of residence must consider a charity to have an "insurable interest" in your policy. Most states do, but verify that this is true in your state before you make your gift.