Make an impact on the future of The Dementia Society by making a gift of your life insurance in your will.

A gift of life insurance in your will is a significant, and tax-efficient way for you to donate to The Dementia Society of Ottawa and Renfrew County. Make provisions in your will to name The Dementia Society as the beneficiary of your life insurance policy. By choosing to give to The Dementia Society, your life insurance policy will have a great impact on those living with dementia, now and in the future.

There are a number of ways you can donate a life insurance policy to The Dementia Society:

• New Policy: Take out a new policy in the name of The Dementia Society, as the irrevocable beneficiary. At the time of your death, The Dementia Society will receive the policy’s cash surrendered value minus any policy loan outstanding. There may be other tax benefits based on your situation. Contact your life insurance provider for more information.
• Add to an Existing Policy: Add The Dementia Society as the beneficiary of an existing policy. At the time of your death, The Dementia Society will receive the policy proceeds and your estate will receive the tax benefits. Contact your life insurance provider for more information.
• Transfer an Existing Policy: Transfer ownership of your existing policy to The Dementia Society and receive a charitable tax receipt for the cash value of the policy. If you owe annual premiums on the policy, you’ll still pay them, but you’ll also receive tax receipts in the amount of your payments. Contact your life insurance provider for more information.