A married couple invested in an insurance policy with their college alumni association being the beneficiary. This action is an example of which type of giving?

Name: A married couple invested in an insurance policy with their college alumni association being the beneficiary. This action is an example of which type of giving?
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Question

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This action is an example of deferred giving, as the couple has designated the alumni association as the beneficiary of the insurance policy after their death.

A Married Couple Invested in an Insurance Policy with Their