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Remember ACI in Your Will or Trust
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 ACI Foundation because we, as the recipient, can eliminate the tax bill.
Contact your insurance company for its change of beneficiary form for the insurance annuity. If you would like to name ACI Foundation 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 Donna Halstead at 248-848-3778 or firstname.lastname@example.org.
Your Next Steps
Getting Started | IRA and Retirement Plan Beneficiaries | Life Insurance Policy Beneficiaries | Insurance Annuity Beneficiaries | Action Items
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.
The ACI Foundation is a 501(c)(3) nonprofit organization and is a wholly owned subsidiary of the American Concrete Institute that receives, administers, and expends funds for educational, research, and scientific purposes.