As a portion of the annuity is a gift, you will receive an income tax deduction for the gift. A portion of the annual annuity income is exempt from Federal Taxes. A two-life annuity will make payments to you and your spouse (or whomever you designate) for life. Your joint ages at the time you make the gift determines the annuity rate.

Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. Donor stories and photographs are for purposes of illustration only. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. The content in this Planned Giving section has been developed by Future Focus.