Life insurance gifts
With even a modest monthly premium, you can create a meaningful gift to Chez Doris through a life insurance policy.
This type of planned gift lets you support our mission in a lasting way, while also benefiting from valuable tax advantages.
Advantages
- Turn a modest investment into a meaningful give that will have a lasting impact.
- Receive charitable tax receipts for the insurance premiums you pay.
- Leave a lasting philanthropic legacy without reducing the value of your direct estate.
Available options
Transfer an existing policy to Chez Doris
You transfer ownership of your life insurance contract to Chez Doris. In return, you receive a tax receipt equal to the fair market value of the policy.
Take out a new policy and name Chez Doris as the beneficiary
You retain ownership of the policy but designate Chez Doris as the beneficiary. A tax receipt will be issued to your estate, which could represent up to 50% of the insured capital.
Take out a new policy in the name of Chez Doris
You designate Chez Doris as both the owner and the beneficiary of the policy. You then receive a tax receipt for each premium paid.
Example
Marc and Lina, a couple in their fifties with no children, chose to designate Chez Doris as a partial beneficiary of an existing life insurance policy. Upon their passing, 20% of the policy’s value ($20,000) will be donated to the organization. This allows them to create a meaningful impact without reducing their current savings or altering their lifestyle.
