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Legacy Circle

Life Insurance

Life Insurance

Gifting your life insurance is simple and flexible

When you name Soldier’s Best Friend as owner of your life insurance policy, you may be eligible for tax savings.

Giving the gift of your life insurance involves little effort or paperwork, comes with the financial advantage of continued ownership of your policy, and removes the asset from your potential gross taxable estate. You can change your mind and your beneficiaries at any time. 

If you continue to make premium payments on a policy after donating it to Soldier’s Best Friend, those payments are tax deductible. Please note that Soldier’s Best Friend is not able to make premium payments from its own funds.

You might even consider a new life insurance policy. With payments that are low (and perhaps even automatic), you can create a gift capable of doing much greater good in the future.

Ways to give your life insurance

To make this gift, contact your insurance carrier and request a beneficiary form.

There are two ways that you can make a gift of life insurance to Soldier’s Best Friend:

You may name Soldier’s Best Friend as a full, partial, or contingent beneficiary of any policy. Don’t forget employer-sponsored life insurance offered at no cost to you.

You may donate outright a life insurance policy that is no longer needed. Soldier’s Best Friend would have the option of either holding or surrendering the policy to receive the current cash value. You may donate a policy that is paid up or one with ongoing premium payments.

For example, Art bought a life insurance policy years ago that he now wants to donate to Soldier’s  Best Friend. Since he gave the policy to us, Art can claim an income tax charitable deduction. The total amount of the policy is removed from his estate, and we will use the gift to help veterans living with PTSD or TBI.

Ask your insurance provider for more details, or consult your legal or financial advisor to help you decide which option is best for you.

Our Impact

  • Graduated Veteran/Dog Teams


  • Rescued Arizona Homeless Dogs


  • Our Goal for Veterans Served in 2024


  • Training Hours Provided in 2023


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