Delta Hospital Foundation

Hospital: 604-946-1121 Foundation: 604-940-9695

Life Insurance

A gift of life insurance is one way you can leave a legacy to the Delta Hospital Foundation. For a relatively small cost to you through annual premiums your gift can make a significant impact for the people we help at Delta Hospital.


Making a gift of Life Insurance

A gift of life insurance is simple, understandable, and a very easy way to make a future gift to Delta Hospital Foundation. There are three ways you can arrange to make your gift of life insurance.

  • You may name the Delta Hospital Foundation the owner an beneficiary of an existing life insurance policy that is paid up.
  • You may name the Delta Hospital Foundation the owner and beneficiary of a new life insurance policy that still has premiums payable.
  • You may name the Delta Hospital Foundation the beneficiary of your life insurance policy but still retain the ownership.


Benefits of a gift of Life Insurance

Depending on the type of gift you have arranged with Delta Hospital Foundation you may be eligible for an immediate tax receipt.

To receive immediate tax savings on an existing policy you hold, you would need to transfer the ownership and beneficiary designation to the Delta Hospital Foundation. In this case your life insurance policy is irrevocable and you would receive a tax receipt for premiums paid after the transfer date. If you have an existing policy that is paid up you are eligible for a tax receipt for the fair market value of your life insurance policy.

If you choose to name the Delta Hospital Foundation as a beneficiary we cannot offer any immediate tax savings. However, your estate would be eligible for a tax receipt once the proceeds of your life insurance policy have been received by the Delta Hospital Foundation.
 

Click here to view our information sheet on leaving a gift of life insurance. 



We strongly encourage you to discuss your charitable intentions with loved ones and to always seek professional advice when making a gift of life insurance.

For more information on how you can give a gift of Life Insurance, please contact:

Lisa Hoglund
Executive Director
604-940-9695
lisa.hoglund@dhfoundation.ca