Making a Gift of Life Insurance

Make a Gift of Life Insurance

A gift of life insurance is a convenient and affordable way to make a substantial future donation to the Ottawa Humane Society.

A gift of life insurance is a convenient and affordable way to make a substantial future donation to the Ottawa Humane Society.

The following option are available:

  • Transfer an existing policy to the Ottawa Humane Society
  • Transfer a new policy to the Ottawa Humane Society
  • Name the Ottawa Humane Society as a direct beneficiary

For details on each of these options, please see below.

Transfer an existing policy to the Ottawa Humane Society

You can name the Ottawa Humane Society as the owner and beneficiary of a policy you already own. You will be eligible for a donation receipt for the cash value of the policy and for any premiums you continue to pay.

Your benefits: Annual premiums qualify for as charitable gifts, possibility a receipt for the cash value upon surrender of policy

OHS benefits: OHS will benefit upon the payment of the life insurance policy

Transfer a new policy to the Ottawa Humane Society

You can buy a new policy and name the Ottawa Humane Society the owner and beneficiary. You will receive a tax receipt for the premiums paid each year. Upon your death the Ottawa Humane Society will benefit from proceed of the life insurance policy.

Your benefits: Annual premiums qualify for as charitable gifts

OHS benefits: OHS will benefit upon the payment of the life insurance policy

Name the Ottawa Humane Society as a direct beneficiary

You may retain ownership of your policy and name the Ottawa Humane Society as the direct beneficiary.

Upon your death, your estate will be eligible for a donation equal to the proceeds of the insurance. You do not receive a tax credit for current premium payments.

Your benefits: Your estate receives a charitable tax receipt for the value of the life insurance policy. This can significantly reduce or eliminate taxes owed by the estate.

OHS’s benefits: OHS will benefit from the lump sum payment of the life insurance policy.

We strongly recommend you consult with your financial advisor if you are considering a donation of life insurance to the Ottawa Humane Society.

Legacy Giving resources

If you have any questions or concerns or would like to discuss a gifting option, please send an email.