A gift of a life insurance policy
Did you know that donating a new or existing life insurance policy allows you to make a substantial gift at a lower cost? It’s also a meaningful way to help improve the quality of pediatric care for children across Quebec.
Why choose to donate a life insurance policy?
See further, think ahead
Choosing life insurance means deciding right now to be present for children… even later. Life insurance offers a simple, accessible and thoughtful way to make a meaningful gift to support the health of Quebec's children, while respecting your reality today.
- Proactive and visionary
What if your generosity could continue to make a difference for generations? ?
By choosing the insurance gift, you are contributing today to medical advances and the pediatric care of tomorrow.
- A greater impact than imagined
What may seem out of reach today becomes possible through life insurance.
A gradual commitment can grow into a major gift, supporting large-scale projects, accelerating medical advances and improving the lives of children.
- Accessible
We sometimes think that large gifts are reserved for the wealthiest. Yet, thanks to life insurance, it is possible to create a meaningful gift with payments adapted to your reality.
Without touching your current savings or changing your lifestyle, you can support the care offered to Quebec's children.
- Tax advantageous
Depending on the chosen formula, life insurance can offer interesting tax advantages, whether during your lifetime or at the time of death. This helps maximize the impact of your gift, while optimizing your financial and estate planning.
Choose the formula that suits you
There are three ways to make a life insurance gift. Which one speaks to you? Each approach is personal and adapts to your reality.
Who is this option for?
- Policyholders whose personal, family or business needs have evolved over time, making the original purpose of their policy less relevant;
- Those who anticipate having to pay taxes upon death;
- Those who prefer to retain the flexibility to change their beneficiary at any time.
What are the benefits?
- Give new purpose to a policy that no longer had one;
- Reduce the taxes payable by your estate;
- Make a major gift without giving up your liquid assets during your lifetime.
Who is this option for?
- This option is intended for anyone in good health who wishes to make a major gift but does not have the necessary liquid assets.
What are the benefits?
- Make a significant future gift to Enfant Soleil at a lower cost;
- Reduce annual premium costs by nearly 50% through the tax credit.
Who is this option for?
- Individuals who own a policy and whose personal or business needs have changed.
What are the benefits?
- The donor receives a double tax advantage: an immediate tax receipt based on the fair market value (FMV) of the policy at the time of the ownership transfer, and a receipt for premium payments if the policy is not paid-up. This is a very attractive double tax benefit, rather than letting an existing policy lapse — one in which you may have already invested significantly.
Discover Lynda Brault’s testimonial about her life insurance gift [available in French only]
Ready to take action?
Contact us to find out more and, if needed, speak with your financial security advisor to assess the impact of this decision on your personal and financial situation.
Make your gesture known to us: we will be happy to welcome you into the Éclaireurs Circle and thank you for your commitment.
Catherine Huard
Director of Individual, Major, and Planned Giving
Donor Relations – Quebec and Eastern Quebec Regions1-877-683-2325, ext. 2007
[email protected]
Geneviève Brouillet
Senior Advisor, Major and Planned Giving
Donor Relations – Montreal and Western Quebec regions1-877-683-2325, ext. 2024
[email protected]