Are you over 65 and have a life insurance policy that is unwanted, unneeded, no longer affordable or not performing as you expected? If you lapse or surrender the policy, you could lose a potentially valuable asset; there could be a much better option. A life settlement is an opportunity to sell that policy to institutional buyers such as banks or insurance companies. A policy that qualifies has a market value significantly higher than the cash value and may be donated to the school. Donating proceeds may provide a substantial savings on capital gains tax. This provides a way to make a substantial gift to The De La Salle School while you are still alive and can appreciate the benefits.