Gifts of life insurance are made by transferring ownership of an existing or new policy to the Diocese of Toronto.
Gifts of life insurance are an affordable way to make a difference. A modest annual premium paid over time will result in a significant future legacy.
There are three ways of making a gift of life insurance:
- You can donate an existing policy and receive a charitable tax receipt for the net cash surrender value (less any outstanding policy loans) and any premiums paid after the date of transfer of ownership to the Diocese of Toronto.
- You can take out a new life insurance policy, name the Diocese of Toronto as the owner and beneficiary, and receive a charitable tax receipt for any premiums paid after the date of transfer of ownership to the diocese.
- You may also name the Diocese of Toronto as beneficiary of your policy, or the life insurance policy from your employer, and your estate will receive a charitable tax receipt equal to the death benefit proceeds paid directly to the diocese.
For further information, please contact Peter Misiaszek, Director of Stewardship Development, 416-363-6021 ext. 246 (1-800-668-8932).