Legacy Giving - Other Legacy Gifts - Gift of Life Insurance
Gift of Life Insurance
A gift of life insurance allows you to make a significant donation to the Health Sciences Centre Foundation while protecting the value of your estate for your heirs and possibly saving on taxes.
 
Option 1: Name the Foundation as Policy Owner and Beneficiary
When you name the Health Sciences Centre Foundation as the owner and beneficiary of a new or existing policy, you'll receive a donation receipt for the current value, if any, of the policy today (known as the "fair market value”). Also, you will receive donation receipts for the premiums you continue to pay.
 
Option 2: Name the Foundation as a Beneficiary Only.
When you name the Health Sciences Centre Foundation as a beneficiary only, you continue to retain the ownership rights of the policy and at your death, your estate will receive a donation receipt for the full value of the insurance benefits paid to the Health Sciences Centre Foundation.
 
Learn more about gifts of life insurance.
 
For more information please contact us. We'd be happy to help you leave your legacy through the HSC Foundation.
 
Disclaimer: This material provides general information and is not intended to constitute or replace specific professional advice. Donors considering a legacy gift should speak to an advisor with appropriate tax and other expertise to implement a strategy that achieves their objectives.