Gift of Life Insurance
An affordable way to make a major donation
There are three options for giving life insurance:
You take out a new policy and designate yourself as the owner and beneficiary. You receive a charitable donation receipt for the premiums you pay. Upon your death, Mission inclusion will receive the death benefit.
You designate Mission inclusion as the beneficiary of an insurance policy you own. Upon your death, a tax receipt for the death benefit will be issued to your estate.
You transfer ownership of an existing policy and designate Mission inclusion the irrevocable beneficiary. You will receive a tax receipt for all subsequent premiums paid and for the fair market value of the policy.
Advantages
Upon your death, Mission inclusion will receive much more than the total of the premiums paid over the years. For each premium paid, you receive a tax credit that reduces the cost by almost half. If you remain the owner of your policy, then your estate will receive a tax credit equal to the death benefit. Upon your death, we as the beneficiary of the policy will receive the death benefit directly, since the gift is not subject to estate litigation.
More information
Isabelle Morin
Senior Director, Development and Communications
514 495-2409
imorin@missioninclusion.ca
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Jules and Paul-Émile Léger Foundation
Jules and Paul-Émile Léger Foundation
© 2019-2022 The Léger Foundation. All rights reserved.
Charity number : 118923689 RR 0001