Life insurance can be an important financial tool to provide future security in times of unforeseen need. 

There are several ways you might consider using life insurance to also provide future security for refugees.

There are three principle ways of giving the proceeds of a life insurance policy to the UN Refugee Agency, as follows:

1. Name UNHCR as a beneficiary. Normally the beneficiary of life insurance is a spouse, or other immediate family member. If these loved ones are provided for through other means, a charity can be named as a beneficiary simply by contacting your life insurance provider and requesting the change be made to the policy. There is no immediate tax benefit to the donor in this instance, as the gift is revocable should circumstances force the donor choose to later change the beneficiary again. However, a tax benefit would be provided to the estate on the final tax return.
   
2. Give an existing policy itself. The ownership of either an existing or a new policy can be transferred to the UN Refugee Agency.
   
3. Take out a new policy and immediately transfer ownership.