A gift of life insurance is an inexpensive way to create a significant legacy for Markham Stouffville Hospital Foundation.
There are a number of ways to donate and plan your gift using life insurance:
- Consider making Markham Stouffville Hospital Foundation the beneficiary of a new or existing life insurance policy for tax savings in your Estate
- Transfer the ownership of an existing policy to Markham Stouffville Hospital Foundation and you will get charitable tax receipts for the remaining premium payments
- If you have a fully paid policy that you no longer need, you can donate it and possibly get a larger charitable tax receipt to use right now
- Purchase a new policy and make Markham Stouffville Hospital Foundation the owner and beneficiary and receive a charitable tax receipt for your premium payments. The income tax refund you receive will make the premiums cost much less
Consult with your professional advisors to assess which options are best for your goals, stage of life, and financial circumstances.