Life Insurance

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When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse now deceased—your policy can become a powerful and simple way to support our work. There are three ways to give life insurance to Ochsner Clinic Foundation:

Name us a beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you.

Make an outright gift of an existing policy. You can name us as owner and beneficiary of an existing policy. You may receive a federal income tax charitable deduction and reduce your future estate tax liability. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift.

Make an outright gift of a new policy. You can take out a new policy and irrevocably name Ochsner as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift.

See How It Works

Next Steps

  1. Contact Craig Bardell, J.D. at (504) 842-6585 or craig.bardell@ochsner.org for additional information on life insurance.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Ochsner in your plans, please use our legal name and Federal Tax ID.

Legal Name: Ochsner Clinic Foundation
Address: 1514 Jefferson Highway, New Orleans, Louisiana 70121
Federal Tax ID Number: 72-0502505

Want to learn more about this simple gift? Download your FREE copy of our informative guide Change Lives With Life Insurance.View My Free Brochure
Not Sure How to Begin Planning?Download our FREE Personal Estate Planning Kit