Gift & Estate Planning

Life Insurance Gifts

Colorado Consumer Health Initiative accepts gifts of life insurance either as the beneficiary of a policy or as the sole owner and sole beneficiary.  Either way, we can use these gifts to help us work toward accessible and affordable health care in Colorado. Click here to learn more about life insurance gifts.

Leave a Bequest

Leaving the Colorado Consumer Health Initiative in your will is easy. Click here to learn more about leaving a bequest.

Life Insurance Gifts

You can name the Colorado Consumer Health Initiative as primary beneficiary of your life insurance policy or as contingent beneficiary should your other beneficiaries not survive you. After your lifetime, the benefits from your policy pass to us free of federal estate tax.

Benefits

Personal Satisfaction - In completing your estate plan and providing for the people and charities that matter most to you.

• Easy to Give - Involves little effort or paperwork.
• Financial Advantage - Continued ownership of your policy.
• Freedom and Flexibility - You can change your mind and your beneficiaries at any time.
• Future Tax Savings - Removes the asset from your potential gross taxable estate.
• Leave a Legacy - Your gift will ensure healthcare in Colorado will be protected into the future.
• Changing your beneficiaries is easy. Simply contact your insurance carrier and request a beneficiary form.

Making an Outright Gift of a Paid-up Insurance Policy

You can donate your paid-up life insurance policy to the Colorado Consumer Health Initiative. If the policy has a cash value, we would have the option of either holding the policy until the maturity date or surrendering the policy in order to receive the policy's current cash value.

Benefits

• Income Tax Savings - Claim an income tax deduction.
• Future Tax Savings - Removes the asset from your potential gross taxable estate.
• Leave a Legacy - Your gift will ensure healthcare in Colorado will be protected into the future.

A gift of life insurance is for you if ...

• You are a younger donor who wants to make a significant gift.
• Your estate probably won't have substantial assets to distribute to non-family members.

Important Reminders

It is important that you name Colorado Consumer Health Initiative as the irrevocable owner of the policy and not just its beneficiary. If you retain ownership of the policy, the IRS will not allow you to deduct your premium payments, even though you are making them on our behalf.

Bequest

Legal Designation

If you wish to name the Colorado Consumer Health Initiative in your will or estate plan, we should be named as:

Colorado Consumer Health Initiative, a nonprofit corporation, organized and existing under the laws of the state of Colorado, with principal business address of 1536 Wynkoop Street, Suite 102, Denver, CO 80202.

Tax ID:

Our tax identification number is: 84-1145452

Colorado Consumer Health Initiative is tax exempt under section 501(c)(3) of the Internal Revenue Code.

At the Colorado Consumer Health Initiative, all unrestricted charitable gifts are used strategically to support top healthcare advocacy priorities within the state of Colorado. If you have a more specific purpose in mind, please contact us at: (303) 839-1261 to ensure that we can meet your wishes. Whether you choose to restrict a gift or not, your support will strengthen Colorado’s health care system for generations to come.