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Life Insurance

Gifts of Life Insurance

Life insurance is perhaps the most widely-held investments in Canada. They are critical in providing protection and financial security for your family and loved ones.  Unlike other planned gifts, a gift of a live insurance can allow a donor to give significantly more than they thought possible.

There are several types of life insurance policies, which include:

Transfer ownership of a paid-up policy, or part of the residue of the estate after all specific bequests and expenses have been paid out of the estate.

Transfer ownership of an existing policy, is a gift made after certain conditions are met.

Purchase a new policy, is a gift of a specified amount of money or piece of property.

Name the SHS as primary beneficiary of policy

Name SHS as co-beneficiary

Name SHS as a contingent beneficiary

Benefits

Tax advantages: can be immediate, as well as being a tax advantage for your estate

Recognition: your gift can be honored and recognized during your life, as well after your passing.

Options: choose the type of life insurance policy based on your needs, wishes and financial situation.

Affordability: the amount of the gift may be larger than you might otherwise afford and can accommodate your budget.

Security, you will not diminish your estate or decrease gifts to your loved ones or beneficiaries.

Advantage, the gift can be kept outside the will and cannot be contested, taxed or claimed by creditors.

Life Insurance policies designated to SHS can ensure both our current and long-term financial requirements, and make an enormous difference in the lives of so many.

Please inform us when you are considering life insurance gift to the Semiahmoo House Society, so we can thank you personally and plan accordingly. If you wish to provide a Life Insurance gift, please contact your Insurance Broker and the Director of Development of the Semiahmoo Foundation