Gifts of Life Insurance

“MDIBL has enriched our lives with outreach programs and educational opportunities. Our daughter’s medical career started at the Lab first as a high school and then as a college student. We are glad to support the research at MDIBL that will continue to improve people’s lives for generations to come.” – Donald and Heather Parker

Gifts of Life Insurance

Typically, two types of life insurance policies are donated to the MDI Biological Laboratory: paid-up whole life policies and newly issued policies. With this type of planned gift, you have several options:

1. List the MDI Biological Laboratory as the beneficiary of an existing policy and earn an estate tax charitable deduction.
2. Make the MDI Biological Laboratory the owner and beneficiary of an existing policy, thus removing it from your taxable estate and earning an immediate income tax deduction.
3. Take out a new policy with the MDI Biological Laboratory as the owner and beneficiary (all premium payments are tax deductible).
4. Use your policy in conjunction with a life-income gift to “replace” assets that would be transferred to your heirs.

Your generous support is key to continuing this important work. Join us in pioneering new treatments in regenerative medicine, extending healthy lifespan and increasing scientific literacy by giving today.

To learn more about how to leave your legacy, please contact Jeri Bowers, Director of Development, at jeri.bowers@nullmdibl.org or 207-288-3147.

MDI Biological Laboratory is a registered nonprofit organization incorporated in Maine with tax identification number 01-0202467 and located at 159 Old Bar Harbor Road, Salisbury Cove, Maine 04672

Please note that we are prohibited from giving legal or financial advice and none of the information above should be interpreted as such. We encourage you to consult with your own legal counsel or financial advisor before deciding whether or not to proceed with a gift.