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.
