Planned Giving

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Insurance Annuity Beneficiaries

Insurance annuities, unlike life insurance, carry an income tax burden. Your named beneficiary is responsible for paying the income tax due on the growth of the annuity while you owned it. The tax burden makes these assets a popular choice to leave to a charitable organization like Saint Leo University because we, as the recipient, can eliminate the tax bill.

Changing Beneficiaries
Contact your insurance company for its change of beneficiary form for the insurance annuity. If you would like to name Saint Leo University as a beneficiary, simply decide what percentage of the annuity's value (0–100 percent) you would like us to receive and name us, along with the stated percentage, on the beneficiary form. Then return the form to your insurance company.

For More Information
Before deciding who will get what in your estate plan, you'll want to consult an estate planning attorney. To learn more about the programs and work your gift can support, please contact Dawn Parisi at 352-588-8251 or dawn.parisi@saintleo.edu.






Copyright © The Stelter Company, All rights reserved.

The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.


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University Advancement

PO Box 6665 MC2227
33701 Highway 52
Phone: 352.588.8250  |  352.588.8669