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Life Insurance
What are gifts of life insurance?
Gifts of life insurance are a practical way to leave a legacy to end MS. Gifts of life insurance are second only to bequests in terms of popularity as legacy gifts.
There are two ways to give a gift of life insurance:
- You can make the MS Society the owner and beneficiary of an existing or a new life insurance policy.
- You can name the MS Society as a beneficiary of a new or existing policy.
Each has advantages and your financial planner can advise you on which best suits you.
There are many advantages to creating a legacy through a life insurance policy:
- You can create a sizeable future gift through a small annual gift
- Tax relief in the form of charitable tax receipts for cash value and/or premiums paid (depends on policy structure and ownership)
- It doesn’t reduce the value of your estate for your heirs
- Passes outside the estate settlement process—the proceeds are paid directly to the MS Society, thereby not subject to probate and estate fees
- It’s easy to do with help from a financial planner
- You can choose from a full range of products, price ranges, and payment periods to suit your circumstances
How may I create my legacy?
Creating your legacy gift is as easy as 1, 2, 3!
- Collect information and call your financial planner
- Create a life insurance policy that suits your needs, naming the MS Society as the beneficiary (and owner, in some cases)
- Contact the MS Society so we may thank you for your generosity
If you have already created a legacy gift and you wish to let us know about your gift, please take a moment to fill out our Statement of Intent form. Any information you provide will remain strictly confidential.
Contact
your local MS Society Office for
more information.
Click here for resources available on legacy giving.
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This is not intended as legal or financial planning advice. When considering any legacy gift, you should always consult your professional advisor(s).
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