Autumn creek (Photo by Karol Dabbs)

Autumn creek (Photo by Karol Dabbs)

Gifts of Life Insurance

Aerial view of Port Joli, NS showing its white sandy beach and aquamarine waters (Photo by Mike Dembeck)

Aerial view of Port Joli, NS showing its white sandy beach and aquamarine waters (Photo by Mike Dembeck)

A gift of a life insurance policy is a way for a donor to make a considerable future gift to the Nature Conservancy of Canada with a relatively small annual financial contribution. Life insurance is a great tool for tax and estate planning in order to maximise your gift for conservation while reducing taxes and leaving more to your family and loved ones.

You can transfer a new or existing Life Insurance policy to the Nature Conservancy of Canada and you will receive a tax receipt for the value of the policy and any premium payments; or if you prefer to retain the ownership of the policy you can name NCC as a beneficiary and your estate will receive a tax receipt helping to reduce or eliminate the taxes.

Benefits of a gift of life insurance

  • Affordable annual premiums, which convert to a large gift for conservation
  • You receive a charitable tax receipt based on the way the insurance was gifted
  • Gifts of life insurance are not included in probate
  • Depending on your current financial, personal and tax situation, there are many strategies you can implement to achieve your personal goals and leave a significant legacy for nature

A life insurance policy can be a valuable asset to donate which generates tax savings today.

Supporter Spotlight

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