Your gift of life insurance can change the life of someone living with dementia
Make an impactful charitable gift of your life insurance.
A gift of life insurance is a significant, and tax-efficient way for you to donate to The Dementia Society of Ottawa and Renfrew County.
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 a 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 and name The Dementia Society the irrevocable beneficiary of the policy. You will 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.
**** While we are not able to provide legal or accounting advice to individuals who are contemplating a charitable gift in their will, we welcome an opportunity to discuss your intentions and to provide additional information about The Dementia Society. ****
To donate your life insurance policy to The Dementia Society of Ottawa and Renfrew County, simply contact your insurance agent and provide them with the completed beneficiary or owner name change form from your life insurance provider.
To donate a charitable gift, it is important that you include our full legal name in your documentation.
Our Legal Name: The Dementia Society of Ottawa and Renfrew County
Our Address: 1750 Russell Road, Suite 1742, Ottawa, ON K1G 5Z6
Our Charitable Registration Number: 11878 5013 RR0001