Retirement Plans and Life Insurance

Retirement Plans and Life Insurance

It is very easy to name The Home for Little Wanderers as a beneficiary of a life insurance policy or retirement plan, such as an IRA, 401(k), or 403(b).

Simply complete a beneficiary designation form with your insurance policy provider or with the administrator of your retirement plan. 

The Home can be designated as a partial (1-99 percent), whole, or contingent beneficiary, while The Home’s tax-exempt status enables a gift to be made free of tax.

Similar to a bequest, a beneficiary designation enables you to:

• Make a meaningful impact on The Home without drawing on money from your bank account.
• Remove assets from your estate and reduce tax liability.