Gifts of Life Insurance
There are many benefits to donating a life insurance policy to CMHA, National:
- You can leverage a small investment into a much larger legacy.
- By buying a new life insurance policy and naming the Canadian Mental Health Association, National as owner and beneficiary, you'll be issued tax receipts for the premiums you pay.
- Unlike a Will, a life insurance policy cannot be contested.
- If you have an existing whole life or universal life policy that you no longer need, you can transfer the ownership and beneficiary designation to the Canadian Mental Health Association, National and get a tax receipt for the fair market value (determined by an actuary at the time of donation), plus for any future premiums you pay.
If you would like more information about arranging a charitable gifts of life insurance with the Canadian Mental Health Association, National, please contact the Coordinator of Fund Development by e-mail or by phone at (613) 745-7750, ext. 224.
The above information does not constitute legal or financial advice and should not be relied upon as a substitute for professional advice. CMHA, National encourages you to seek professional advice.
