Commuted Payment Gift Annuity

How It Works

You transfer cash or securities to Catholic Health. Our suggested minimum gift requirement is $10000.
Beginning on a specified date in the future, Catholic Health begins to pay you, or up to two annuitants you name, fixed annuity payments for a period of years that you determine.
Beneficiaries are recommended to be at least 65 to begin receiving payments and must be at least 40 to fund the gift.
The remaining balance passes to Catholic Health at the end of the term of years.

Commuting payments permits a higher annuity rate and generates a larger charitable deduction.
You can target your annuity payments for the period of years when you need them, such as between retirement and when you are eligible for full Social Security benefits.
The shorter the period of payments, the higher each payment will be.

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