A gift of life
insurance can benefit your favourite charity in a way that could go
beyond your wildest dreams.
Charitable Gift Planning - What are the Benefits to You?
Not only will you achieve peace of mind knowing your gift will
make a difference but you will also receive tax benefits. If
you purchase the insurance policy and name the charity as
beneficiary or have your estate gift the insurance proceeds to the
charity, the charity will issue a charitable receipt when it
receives the funds. If the charity owns the policy and you
make the premium payments on the charity’s behalf, the charity will
issue a charitable receipt each year for the amount you pay.
In both situations, you can use the receipt on your tax return
to reduce the amount of tax you pay.
(250) 390-1995 1-800-668-7558
Zulak Financial Group Ltd.
(250) 390-1995 1-800-668-7558