A gift of life insurance to the University of Waterloo can make a substantial future impact for a smaller current amount, with significant tax benefits. You can either purchase a new policy for this purpose or donate an existing one that’s no longer needed for its original purpose.
Benefits of life insurance planned gifts
- Affordable annual premiums paid during your lifetime can convert to a significant gift upon your death.
- Gifts of life insurance are not subject to probate or legal challenges to the will.
- Tax implications can vary according to the structure of the gift – they can be realized during your lifetime or after your death to reduce estate taxes.
The information within these pages does not constitute legal or financial advice. We strongly encourage you to seek professional legal and/or financial advice for your particular situation.
For more information, contact our Planned Giving team at 519-888-4567 ext. 41879 or plannedgiving@uwaterloo.ca