illnessPROTECTION.com: Charitable Insurance, Charitable Life insurance, Insurance For Charitable

subscribe to newsletter | free estate planner | free executor checklist
Call Now 1.866.566.2001

"Be remembered as someone who made a large gift to charity instead of paying a large tax bill to the government."
	Mark Halpern,CFP Top Advisor in Canada

$25,000 CRITICAL ILLNESS INSURANCE

Guaranteed Issue - No Medical

HEALTH PLANS

Individuals & Small Business

Leaving a Benefits Plan? Get FollowMe™

TRAVEL INSURANCE

Canadians Travelling Abroad

Visitors to Canada

Foreign Student Program

Charitable Planned Giving

Life insurance provides an affordable way to make significant gifts to your favourite charities and worthy causes. By giving through life insurance you can:

make a substantial charitable donation for a comparatively small premium
become a major benefactor right now, rather than waiting years to make your gift from accumulated assets
gain tax benefits and guarantee the value of your gift will not be reduced by taxes, probate, or administrative costs
make a significant gift of funds that are considered independent of your estate, and therefore cannot be challenged
keep your gift private and confidential.

There are many options for making a gift of life insurance. Some, like the first three listed below, can provide for a generous future gift while offering immediate tax relief. The method you choose will depend on your preference and circumstances.

Transfer ownership of an existing, fully-paid policy - Perhaps you hold a policy that, while fully paid, is no longer required as your family has grown or your financial situation changed. You can transfer ownership of the policy to the charity of your choice and name it as the beneficiary. You will receive a donation receipt for the cash surrender value* immediately, just as if you had made a cash donation.

Sign over a partially-paid policy - When you transfer ownership of a policy that is partially paid and name the charity as beneficiary, you will receive a tax receipt for the cash surrender value*, as well as for further premiums you pay on the policy.

Purchase a new policy and make your favourite charity the owner - When you make the charity the owner and beneficiary of a policy, you are entitled to tax receipts for premium payments.

Make the charity the beneficiary of your policy without transferring ownership - The proceeds of the policy will be paid to the charity immediately upon your death. Now new tax regulations allow your estate to receive a charitable tax deduction for the amount of the insurance proceeds.

Make your estate the beneficiary of the life insurance policy and bequeath the amount of the policy to your charity in your Will - You will not receive tax benefits during your life, but your estate's tax liability will be reduced. However, your donation will be delayed while your estate is processed and because your Will can be challenged or your estate reduced by fees/creditors, the full value of your intended contribution to your charity may be diminished.

* When you receive a tax receipt for the cash value, you may have to claim some portion of the cash value amount as income to offset the tax credit.

Please contact us today for your no-obligation consultation. We look forward to helping you and your family.


First Name		Last Name
Company		Work Phone
Home Phone		Cell Phone
Address		City
		Province/State
		Postal/Zip
Email (required)		Country
Best Time to Call		Best Phone Number To Call
How Can We Help You? To select multiple items, hold the Ctrl key while clicking		How Did You Hear About Us?
Comments:
Enter Security code

"You just never know... I remember thinking about critical illness insurance... do I need it, how much is reasonable, what's the cost, and so on. I considered not getting it, as getting sick was such ... " Read more
B.A.
Business Owner, Healthcare Consultant

"I turn to Mark Halpern for help on insurance matters for myself and for my clients. He is an extremely competent professional with knowledge and expertise that comes particularly handy in complex esta... " Read more
Joe Lebovics, C.A.
Lebovics and Good, Chartered Accountants

"I kept hearing the radio ads thinking to myself that I would be silly if I didn't check it out. As a business owner in the auto and equipment leasing business for many years, I realized that if I can'... " Read more
Bob Wilson
President
Bob Wilson Leasing
Auto & Equipment Leasing