company blog
?>

Insurance

Gifts of Life Insurance

A gift of life insurance is a creative way for you to build our long term financial strength without diminishing your own – even a relatively small commitment can provide significant benefits for the Rotary Bursary Endowment Fund. There are many ways for you to make a gift using life insurance:

  • You may donate a paid-up life insurance policy that has now outlived its original purpose by naming Rotary Club of Gravenhurst the owner and beneficiary of your policy, to be directed to the Rotary Bursary Endowment Fund, and receive an immediate tax receipt for the cash surrender value of the policy.
  • You may gift an existing policy on which premiums are still being paid by transferring ownership to Rotary Club of Gravenhurst, to be directed to the Rotary Bursary Endowment Fund and begin receiving tax receipts for all future premium payments
  • You may make a gift by purchasing a new policy on your life, naming the Rotary Club of Gravenhurst as the owner and beneficiary, to be directed to the Rotary Bursary Endowment Fund, and you will receive tax receipts for all future premium payments.
  • You may also choose to retain ownership of your policy and name the a Rotary Club of Gravenhurst as the direct beneficiary, to be directed to the Rotary Bursary Endowment Fund, and upon your passing, your estate will receive a tax receipt for the value of the policy.