St. Paul's Hospital Foundation

Benefits of making a gift of life insurance

Any death benefits paid directly to St. Paul’s Hospital Foundation of Vancouver under the policy will entitle the donor’s estate to a donation receipt, which can help you:

• Avoid probate taxes
• Minimize the risk of creditor claims against the estate

Ways to make a gift of life insurance

• Use an existing life insurance policy – You can designate St. Paul’s Hospital Foundation of Vancouver (our legal name) as the owner and beneficiary of an existing policy that you no longer need. You’ll receive a charitable receipt for its cash surrender value. If premiums still need to be paid on the policy, you will receive a charitable donation receipt for all payments made after the policy is assigned to the Foundation.
• Donate a new policy – You can also purchase a new life insurance policy and designate St. Paul’s Hospital Foundation of Vancouver as the owner and beneficiary. In doing so, you will receive charitable donation receipts for the full amount of all annual premiums paid.

Any death benefits paid directly to St. Paul’s Hospital Foundation under the policy will entitle the donor’s estate to a donation receipt. As death benefits are paid directly to St. Paul’s, probate taxes can be avoided and the risk of creditor claims against the estate can be minimized.

To learn more about making a charitable gift of life insurance, please consult your insurance broker, tax or financial advisor or contact us.

Sharing your intention

If you plan to make a legacy gift to St. Paul’s Hospital Foundation of Vancouver and would like to let us know, please:

• Contact us
• Complete a Planned Gift Confirmation Form

Sharing this information allows us to include you in our Caring for the Future Society, a special group that honours those who have made a future gift to our hospital.