PLANNED GIVING

Gifts of Life Insurance

Giving with life insurance is a creative way to donate to Canadian Warplane Heritage at a relatively low cost. Paying modest life insurance premiums today can provide a significant gift in the future.

You may own a life insurance policy that has now outlived its purpose. If your children are grown and you have accumulated enough assets, you may not require the life insurance policy you took out for a younger family. You now have an excellent opportunity to make a significant gift.

By simply naming Canadian Warplane Heritage as the owner and beneficiary of your policy, you will receive an immediate tax receipt for the cash surrender value. The Museum can either cash in the policy and put your gift to work immediately, or hold the policy until the full death benefit is paid out.

You could establish a new life policy for yourself or for you and your partner with Canadian Warplane Heritage as beneficiary when both partners are deceased. Each year’s premium payment that you make will represent a tax deductible donation, making it easier for you to make a meaningful gift to the museum without depleting the assets of your estate that you may wish to pass to your children or other family members.

You can give a new policy, an existing policy, or simply name Canadian Warplane Heritage as the beneficiary.

For more information on Gifts of Life Insurance, please contact Pamela Rickards, CWH Deputy Director at (905) 679-4183 ext 230 or e-mail: pam@warplane.com

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