SECURITIES, LIFE INSURANCE BENEFICIARY DESIGNATIONS, AND RETIREMENT PLAN BENEFICIARY DESIGNATIONS

 

securities-life-insurance

Securities

The Center for the Environment at Catawba College accepts publicly traded securities such as stock shares, mutual fund shares, and bonds. The Center also accepts closely held securities including debt and equity positions in non-publicly traded companies and interests in limited partnerships (LPs) and limited liability companies (LLCs).

Life Insurance

You may name the Center for the Environment at Catawba College as a beneficiary or contingent beneficiary of your life insurance policies. The Center may also be named as the owner of whole life insurance policies.

Retirement Benefits

You may name the Center for the Environment at Catawba College as a beneficiary of your retirement plans, such as pension plans, annuity contracts, 401(k) plans, 403(b) plans, and Individual Retirement Accounts. Many such plans are subject to estate taxes and are not ideal assets for family members to inherit.Therefore, by making the Center the beneficiary, estate taxes may possibly be avoided.