A gift of insurance can allow a Donor to make a much larger gift to the Canadian Medical Foundation than they might otherwise be able to consider. Tax savings today are real.

There are a number of very common methods to utilize life insurance in your charitable giving and tax saving plans. Proceeds of life insurance policies provide your beneficiary, in this case the Canadian Medical Foundation, with a lump sum that can really have an impact on our charitable programs to support Canada’s health care system and the physicians from coast-to-coast-to-coast that are its core. Often, heirs use the proceeds from insurance to help off-set funeral cost, capital gains taxes, or other end of life expenses. However, a gift of life insurance to the Canadian Medical Foundation is not part of someone’s estate and therefore is not subject to capital gains, or other taxes.

If one or more of your life insurance policies no longer fits your financial strategy, consider: