• You can name the RAF as a full or partial beneficiary of an existing or new life insurance policy. You retain all rights and privileges as the policy owner.
  • You can donate an existing or new policy naming the RAF as both owner and beneficiary. With an ownership transfer, you may enjoy a tax deduction for the value of the policy, as well as future premiums that you choose to pay to maintain the policy.
  • You may direct policy proceeds toward specific RAF initiatives important to you, or direct them to the permanent RAF endowment.
  • There are no legal expenses, nor complicated procedures. You simply contact your insurance company or agent and request a change of ownership/beneficiary form. Complete and sign it, and that’s it. The company’s service phone number will appear on your quarterly or annual statement.  
  • One more thing: Please notify the RAF that you’ve completed the process. Normally, the RAF would not be notified by your insurance company. We’d like to know if you’ve generously named us owner, or partial or full beneficiary of your policy, so we can thank you. 

Submitted February 27, 2024
By Carmine Mowbray

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