Life income plans are the gifts that give back.
Life income plans combine a gift to Ball State with an income stream to you and/or your loved ones. Life income plans allow you to turn cash or assets into income—often more income than the asset would pay in dividends or interest. This can be used to sustain your retirement or provide income. Significant tax benefits include an income tax charitable deduction, capital gains tax savings, reduction of gift/estate tax, and tax-free income.
Depending on your needs, several different life income plans are available including: