Skip to Main Content
Mobile Menu

Life Insurance: The Gift That Keeps on Giving

lifeinsuranceThere are many ways that our alumni and friends can elect to make financial contributions to Boise State. A gift of life insurance is just one of the many ways individuals can make a contribution that is more substantial than they ever thought possible. Danny Richards is one alumus who has chosen to make a difference for the future.

Who knew that young alum, Daniel Richards BSU ’08, at the ripe old age of 26 could make a gift of over $100,000? Well that’s what he did with careful planning using life insurance as the vehicle. Danny, who received his BA in History in December 2008, is a financial representative with The Northwestern Mutual Financial Network in Boise. Working with Jennifer Neil, CFRE, at the Boise State University Office of Gift Planning, they designed a plan whereby Danny would establish a life insurance policy; assign Boise State University Foundation as the owner and 100% beneficiary; and make annual gifts of about $500 directly to the Foundation, tax-deductible. The Foundation then makes the premium payment. As an additional bonus, Northwestern Mutual matches his $500 gift as a representative of the company.

If you would like to learn more about supporting a Boise State University program using life insurance as part of your estate planning, please contact:

Jennifer Neil, CFRE
Boise State University Advancement
Office of Gift Planning
(208) 426-2927

Dennis Ward
D & DW Associates, Olympia, WA
(360) 791-5518

Danny Richards
Northwestern Mutual, Boise, ID
(208) 559-0665



The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.