Have you considered a gift of life insurance?
Making a gift of life insurance is a way to leave a legacy gift with minimal impact on your current finances.
A gift of life insurance is an excellent way to turn small current payments into a larger future gift, which will result in a stable source of income for the Cancer Foundation for years to come. Gifts of life insurance can also provide significant tax savings either in your lifetime, or for your estate.
If you have a life insurance policy that you either no longer require, or that has been fully paid for, you can give it as gift by making the Cancer Foundation the owner and beneficiary of the policy. If you’re considering purchasing a new policy, you can also make the Cancer Foundation either the owner or beneficiary of the policy.
Thinking outside the beneficiary box: RRSPs, RRIFs and Pensions
There are other ways that you may consider leaving a legacy gift. If you have an RRSP, RRIF or pension, you likely have a beneficiary named. Just like with life insurance policies, you can name the Cancer Foundation as the first or second beneficiary to one of these investment vehicles.
If you would like to discuss this option in more detail, please contact:
Josée Quenneville, VP Philanthropy
613-247-3527 ext. 264, email@example.com