MAKE A GIFT OF LIFE INSURANCE
Many people own some form of life insurance because of its unique ability to meet a variety of needs for financial protection. You can name the Canadian Foundation for AIDS Research (CANFAR) as a beneficiary of a life insurance policy.
When CANFAR receives the proceeds, your estate will be allowed an estate tax deduction. Or, you may wish to give us a policy you no longer need and receive an immediate income tax deduction for the value of that policy.
Your life insurance company or financial advisor can provide you with details about the various tax benefits to donating a new or existing policy to CANFAR. There are also tax benefits that depend on your decision to outright give your policy to CANFAR, or your decision to make CANFAR a beneficiary.
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