A Life Insurance Policy

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:

  1. 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.
  2. 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.
  3. 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).