How the gift of life insurance let’s you give more for less
Neighbour to neighbour, we want to help each other—it’s in our DNA. We teach our kids to help their younger siblings, we buy a coffee for the person behind us at the Tim Hortons drive through, and when floods and forest fires impact our neighbours, we lend a hand. Here is how you can give the gift of life insurance and make a difference.
The same is true when we hear of disasters around the world like the floods in Pakistan or the conflict in Ukraine. We want to help.
Often we find ourselves wishing we could do more to help than we have capacity for. We wish we had the funds to make a significant dent in the issues close to our hearts.
Giving the gift of life insurance is one way you can give more for less. Here’s how:
Simple and convenient
A life insurance specialist can help you determine the policy that best fits your needs and handle the necessary paperwork.
Cost effective
Create a substantial future gift with small or modest premium payments now. The ultimate value of the policy will be far more than the premiums paid. Plus, life insurance isn’t subject to probate costs.
Save taxes today
The value of your policy will be far greater than the premiums you pay, plus tax credits for those premiums can help offset your costs.
Peace of mind
Life insurance is considered as a separate estate, so what you leave to your loved ones is not affected. It’s not a matter of public record, so it allows you to remain anonymous. And unlike a Will, the gift cannot be contested. You can plan and manage the gift yourself and know that it will occur according to your wishes.
Giving the gift of life insurance can increase your charitable giving legacy. By leaving a gift like this to Save the Children, you can achieve all this and rest in the knowledge that your gift will have a transformational impact in the lives of children in crisis.
For more information on how you can build your legacy by giving the gift of life insurance, email us at leavealegacy@savethechildren.ca or call us at 1-800-668-5036 ext. 265. Learn more about different ways you can give at Save the Children Canada.
Note: This information is not intended as legal or financial advice. If you are considering making a gift of life insurance, please speak with an independent legal advisor about your wishes to ensure that they reflect your financial circumstances and giving goals.
By Kathryn Lara