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Life Insurance

Benefits:

  • Makes a larger gift affordable.
  • Does not diminish your estate.
  • Provides proceeds to the Canadian Diabetes Association that are not reduced by taxes or other fees.

How it works:

  • Use an existing policy which is no longer needed for protection, or purchase a new one.
  • Name the Canadian Diabetes Association as both owner and beneficiary of the policy.
  • The change of ownership/change of beneficiary sequence is very important; be sure to consult your insurance/financial advisor before doing it.
  • Choose permanent insurance, which builds cash value over time.
  • Consider the benefits of accelerated funding of your insurance gift.
  • There are tax advantages when you make the Canadian Diabetes Association both the owner and beneficiary of a new or existing policy. You are eligible for a tax receipt for the premiums that you pay annually. If you donate an existing policy, you receive a tax receipt for the cash-surrender value less any outstanding policy loans.

For more information, please contact: Lori Sussman, Director, Major & Legacy Gifts at 1-800-BANTING (226-8464) x 7121 or .

The Banting Circle is a very special group of our most loyal and dedicated donors. Donors who are leading the fight today and helping to create a world without diabetes in the future.

* Please Note: The information provided is general in nature and not intended to be a substitute for professional legal and/or financial planning advice. The Canadian Diabetes Association encourages all donors who are planning a significant gift to consult with their family and seek independent legal and/or financial planning advice.