Gifting Through Life Insurance
Life Insurance is a simple way to make an impactful gift. With a monthly donation of insurance premiums, you will be able to leave a large and lasting legacy to the Cape Breton Regional Hospital Foundation.
In addition to the tax benefits, either present or deferred, a gift of life insurance will not be subject to probate fees; it is not a matter of public record and cannot be potentially contested as may be the case of gifts in wills.
As with all gifts made to the Cape Breton Regional Hospital Foundation, you can stipulate how the funds will be used.
Potential ways your life insurance can support our Foundation and healthcare in Cape Breton include the following:
- You can name the Cape Breton Regional Hospital Foundation as the beneficiary of a new or existing policy and your estate will receive a tax receipt for the full value of the death benefit.
- You can transfer ownership of a new or existing policy to the Cape Breton Regional Hospital Foundation. With this option, you will receive tax receipts for the premium payments as well as the cash value of the policy. This would be considered an irrevocable gift.
To learn more about gifting through life insurance to the Cape Breton Regional Hospital Foundation, please contact Caitlyn MacDonald at 902-563-8585 or [email protected].
Please note: As with any planned gift, the Cape Breton Regional Hospital Foundation strongly advises that you speak with your legal advisor and/or financial planner to ensure your needs and the needs of your family are met.