A very practical method of making a signifigant contribution to the Niagara Peninsula Children’s Centre Foundation is through a life insurance policy. The advantage to you and your family is that an insurance gift does not interfere with your primary assets and does not impact on your will.

The simplest method of using life insurance to make a gift is to donate a paid up policy, making the Niagara Peninsula Children’s Centre Foundation a beneficiary of a policy which you already fully own. Other indiviudals will take this route when the original beneficiary of a policy is no longer in need of insurance support, i.e., when your children are fully grown and supporting themselves or when you and your spouse are already comfortably protected. In this case, a tax receipt can be written for the full cash surrender value of the policy.

If you prefer, you can take out a new policy with the Niagara Peninsula Children’s Centre Foundation as the owner and beneficiary. In this case, all premiums paid become tax deductible, as donations. It is best to contact the Foundation when setting up this sort of policy so that we can make arrangements for income tax receipts.