You can name a charity as the beneficiary of your life insurance policy. You continue to own and control the policy. After your passing, the life insurance proceeds received by the Foundation will be used as a charitable donation receipt for your estate. If you name a charity as owner and beneficiary of a policy you receive an immediate charitable tax receipt for the policy’s fair market value as well as tax receipts for all future premium payments.
+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.
We encourage you to consult a qualified professional advisor who specializes in life insurance.
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 gifts of life insurance, contact:
Lisa Shearer
Associate Director, Legacy giving
Email: legacy@vghfoundation.ca Phone: 604.290.1455
Downloadable Resources
We want to make sure that you have everything you need to make leaving your legacy gift is as easy as possible. When you leave a legacy gift to VGH & UBC Hospital Foundation, you’re fueling healthier communities in BC for generations.
If any questions, please email us at legacy@vghfoundation.ca
Gift of Life Insurance Resource Document
Download Resource documentHeritage Circle Recognition Program
Download Resource documentWays To Give Resource Document
Download Resource documentThe Legacy Program
When you leave a legacy gift to VGH & UBC Hospital Foundation, you’re fueling healthier communities in BC for generations.
There are many ways to leave a legacy gift, and the best plans can also offer valuable tax benefits for your estate.
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When it’s serious, the people of BC need the best, most specialized care — plus YOU. Explore the various ways you can contribute to our mission.
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