Life Insurance Policies & Annuities

A gift of Life Insurance enables you to make a significant, lasting gift to MSVU with a minimal outlay of current savings or income.

When you make MSVU the owner and beneficiary of a life insurance policy, you are eligible to receive a charitable tax receipt for each premium payment. If you prefer to retain ownership of a policy, you can name MSVU as a beneficiary and your estate will receive the receipt for income tax purposes.

Benefits:

  • Gifts of life insurance are not included in probate.
  • A charitable tax receipt is issued, based on the way the insurance was gifted.
  • Allows a donor to make a charitable gift larger than may have been otherwise possible from gifts of current income.
  • The donor’s estate remains intact.

We recommend you discuss your gift intentions with a life insurance agent to determine which type of insurance best suits your needs.

For questions and more information, please contact Anne Thibodeau, Manager, Philanthropy, at 902-457-6270 or at anne.thibodeau@msvu.ca