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Gift of a Lifetime

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Gift Of A Lifetime

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Guitar duet - GIFT OF A LIFETIME, Roberto Dalla Vecchia feat. Luca Francioso

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The gift of a lifetime

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Michaels Funeral Home - The Gift of a Lifetime

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The Gift of a Lifetime

Gift of a Lifetime is a canceled charity program at Oklahoma State University using life insurance on senior-aged alumni. Announced in 2007, the university's athletic department purchased 27 policies using nearly $20 million in premium dollars to Lincoln National Life Insurance Company. By the program's end, OSU Athletics Inc. had spent $33 million. Laws regarding insurance policies for charities required the university's athletic department, not the donors of the policies, to hold the rights of ownership. This prevented the donors from changing the beneficiary, and also avoided any possible tax consequences.
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