Life Insurance
Foundation
Life Insurance
Ask the insurance company for a Pay on Death (P.O.D.) form. Some insurance companies also call these beneficiary designation forms.
How It Works
- Contact your insurance company to complete or update your Pay on Death (POD) or beneficiary designation form.
- Connect with your financial and/or legal advisor(s).
- Designate the Optica Foundation to receive your preferred percentage.
- You may also transfer ownership of a paid-up life insurance policy to the Optica Foundation, which we may elect to cash in or hold it.
- Inform us of any designations by contacting Foundation@optica.org or Kristen Wesley. Deputy Senior Director, Development, at +1.202.416.1441.
Benefits
- Make a gift using an asset that you and your family no longer need.
- Receive an income tax deduction for the donation of a paid-up life insurance policy and estate tax savings after your passing.
