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Crisis Centre

Life Insurance

Life insurance – it can help you fund a truly generous gift tomorrow while realizing attractive tax benefits at an affordable cost today!

THREE WAYS TO CONTRIBUTE LIFE INSURANCE

  1. You can give the future proceeds of an existing policy: designate the university as the beneficiary and your estate will receive a charitable tax receipt.
  2. You can give the policy itself: in addition to designating the university as the beneficiary, transfer the ownership of the policy to the university and receive a charitable receipt for the net cash surrender value.
  3. You can give a new policy: receive a charitable tax receipt for any premiums paid on the policy.

BENEFITS OF GIFTS OF LIFE INSURANCE

• Affordable annual premiums often resulting in the largest gift of your lifetime
• Receive a charitable tax receipt based on the way the insurance was gifted
• Gifts of life insurance are excluded from probate

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