A gift of whole life insurance can be made to Duke by naming Duke University the irrevocable owner and beneficiary of the policy. The policy, which can either be paid-up, or, if not paid-up as of the date of the gift, has a minimum face value of $100,000, has a payment schedule not to exceed ten years, and which assumes an interest rate not to exceed 2% below the prime interest rate as of the effective date of the policy.

Gifts of life insurance policies require charitable contributions from the donor to the University in the amount of any premiums, including unscheduled premiums, which may become due.

For more information about giving a life insurance policy to Duke, please contact Alumni & Development Records at (919) 684-2338.