You may have an existing or paid up life insurance that you and your family
are no longer in need of. Consider gifting the life insurance policy to Lions
Gate Hospital Foundation. Any life insurance gift does not form a part of your
estate and is exempt from probate fees, allowing your entire estate to pass directly
to your heirs.
Such a gift can provide immediate and annual tax savings. Or, by designating
Lions Gate Hospital Foundation as a beneficiary of the policy, any death benefits
paid to us will result in a donation receipt that can be used on the estate to
reduce taxes owing.
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