Gifts Of Insurance
Several types of insurance receive different tax treatment. A gift of life insurance enables donors to turn small donations into, ultimately, a much larger gift.
Also, donors who have the capacity to make large once-in-a-lifetime gifts can replenish their estate with the use of life insurance. Those with existing fully-paid insurance policies which they no longer need can donate the policy. Alternately, donors who no longer wish to make premium payments on a policy can donate the policy to Burnaby Hospital Foundation.