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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

  • 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.
  • 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.
  • 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.