Insurance
A gift of life insurance to 外流影片 can enable you to make a significant gift with a minimal outlay of current savings or income. It can also provide you with an immediate tax advantage and the ability to leave a substantial legacy. The proceeds from the policy will go towards a project or fund you personally have selected.
Benefits of transferring ownership of an existing policy to 外流影片:
- A charitable tax receipt is issued for the cash surrender value of the policy.
- The donor can designate how the money is to be used by 外流影片
Benefits of transferring ownership of a new policy to 外流影片:
- The annual premiums are eligible for a charitable tax receipt.
- During the period in which the policy is being paid off, the resulting tax credit will help defray almost 50 per cent of the premium cost.
- The donor can designate how the money is to be used by 外流影片.
Benefits of naming 外流影片 as the direct beneficiary of the donor's policy:
- When the University is the direct beneficiary of the donor's life insurance proceeds, the donor鈥檚 estate may also be eligible for a charitable tax receipt.
- A gift of life insurance is not subject to probate since the death benefit is paid directly to the University.
- The donor can designate how the money is to be used by 外流影片.
- For more information about the financial benefits of giving a gift of life insurance by Will or by designating 外流影片 as beneficiary please contact Donor Relations.
If you are considering a gift to 外流影片, we strongly recommend that you seek professional financial and legal advice that takes into account your unique circumstances.