Robert and Betty invested in an insurance policy with their college alumni association being the beneficiary. This is an example of which type of giving?

Name: Robert and Betty invested in an insurance policy with their college alumni association being the beneficiary. This is an example of which type of giving?
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This is an example of deferred giving because the benefit to the college alumni association will not be received until a future date when the insurance policy is cashed in.

Robert and Betty Invested in an Insurance Policy with Their