Gift Planning
Give a gift of life insurance
A gift of life insurance is an inexpensive way to create a significant legacy at the University of Windsor. Such gifts are made by transferring ownership of an existing or new policy to the University. You receive a tax receipt for premiums paid after the date of transfer. You can also name the University of Windsor as beneficiary of your policy - the resulting tax credit will reduce estate taxes and increase the after-tax value of your estate for other beneficiaries.
A gift of life insurance is an affordable way to make a difference. A modest annual premium paid over time will result in a significant future legacy.
Ways of gifting life insurance to the University:
- Donate an existing policy and receive a tax receipt for the net cash surrender value (less any outstanding policy loans) and any premiums paid after date of transfer of ownership to the university. A portion of the cash value could be taxable but would be offset by the donation receipt tax credit
- Donate a new policy and receive a tax receipt for any premiums paid after the date of transfer of ownership to the university.
- Assign the University of Windsor as the beneficiary of your policy, or the life insurance policy from your employer, and your estate will receive a tax receipt equal to the death benefit proceeds paid directly to the university
Benefits of making a gift of life insurance:
- Receive a tax receipt based on the way the insurance was gifted
- Avoid probate. Gifts of life insurance are less susceptible to being contested than a charitable bequest, and provide privacy
- Designate your gift to a university priority that meets your interest, such as scholarships, capital projects, programs and research
|  | 
For more information please contact:
Ms. Nancy Parker
Assistant to the Vice-President,
University Advancement
(519) 253-3000 ext. 4056 |