Life Insurance

If you have a policy that is no longer needed by your family, this may make the perfect deferred gift to Pratt. If it has a cash surrender value, you may be entitled to an income tax deduction in the year that you give the Institute the policy. If additional premium payments are required, they become tax-deductible gifts for you after the Institute becomes owner of the policy. Please request an assignment of ownership form from the insurance company or your agent.