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Build a Legacy - Life Insurance
Gift and Estate Planning
Gifts of Life Insurance
A gift of life insurance is a creative way for you to build our long term financial strength without diminishing your own - even a relatively small commitment can provide significant benefits for SickKids. There are many ways for you to make a gift using life insurance:
- You may donate a paid-up life insurance policy that has now outlived its original purpose by naming SickKids Foundation the owner and beneficiary of your policy and receive an immediate tax receipt for the cash surrender value of the policy.
- You may gift an existing policy on which premiums are still being paid by transferring ownership to SickKids Foundation and receiving tax receipts for all future premium payments.
- You may make a gift by purchasing a new policy on your life, naming SickKids Foundation as the owner and beneficiary and receiving tax receipts for all future premium payments.
- You may also choose to retain ownership of your policy and name SickKids Foundation as the direct beneficiary and, upon your passing, your estate will receive a tax receipt for the value of the policy.
The Office of Gift & Estate Planning
phone: 416.813.8271
e-mail: gift.planning@sickkidsfoundation.com
Or complete our online request form.