Planned Giving

Life Insurance

You may have an existing or paid up life insurance policy that you or your family no longer need. 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.

Such a gift can provide immediate and annual tax savings, as premiums paid for the policy may be eligible for tax credits. Or, by designating Lions Gate Hospital Foundation as a beneficiary of the policy, any death benefits paid to the Foundation will result in a donation receipt that can be used on your estate return to reduce taxes.

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