Benefits
Tax Savings
Donating a life insurance policy can offer substantial tax benefits.
Simple Process
Easily designate us as your policy beneficiary.
Impactful Contribution
Ensure cutting-edge health care for future generations.
Immediate Donation Receipt
Receive a tax receipt for your donated policy.
How to leave gifts of life insurance:
Life insurance is one way you can provide financial security for your family. What you may not know is that once the needs of your family are taken care of, a life insurance policy can be donated to your favourite charity. Donating a life insurance policy can also provide tax savings.
By choosing VGH & UBC Hospital Foundation, you can help ensure the best health care is available for future generations, including your loved ones. Speak to your financial advisors for personalized advice on how a gift of life insurance can work for you.
You can use a life insurance policy to make your gift simply by designating VGH & UBC Hospital Foundation as the beneficiary of the policy. The insurance proceeds will be received by the Foundation tax-free and your estate will receive a donation receipt.
You can transfer ownership of a policy to VGH & UBC Hospital Foundation even if premiums are still owing. You will receive a donation receipt for the policy’s fair market value at the time of donation. If you continue to pay the premiums after transferring ownership of the policy, you will receive donation receipts for those payments too.
Learn more about other ways to leave a gift in your will. This information is not intended as legal or financial advice. We encourage you to consult a qualified professional advisor.
Legal name and address:
VGH & UBC Hospital Foundation
190-855 West 12th Avenue
Vancouver, BC
V5Z 1M9
Charitable registration number:
132173063RR0001
For more information and to discuss your gift of life insurance, contact:
Charlene Taylor
Director, Gift & Estate Planning
Email: legacy@vghfoundation.ca Phone: 604.875.4917
How to help
Join Us in Advancing Health Care
Explore the various ways you can contribute to our mission. From donations to volunteering, your support helps us drive health care innovation and improve patient care.
