A sure thing

A gift of life insurance is an affordable way to make a real difference. A modest annual premium, paid over time, can result in a significant future legacy.

Three ways to donate life insurance:

  • Donate an existing policy: receive a charitable tax receipt for the net cash surrender value and any premiums paid after the donation date.
  • Donate a new policy: receive a charitable tax receipt for any premiums paid after the donation date.
  • Assign U of T as the beneficiary of your individual or workplace insurance policy. Your estate receives a charitable tax receipt.

Benefits of a gift of life insurance:

  • Affordable annual premiums, which convert to a large gift to the University.
  • You receive a charitable tax receipt based on the way the insurance was gifted.
  • Gifts of life insurance are not included in probate.

Example: New policy naming U of T as Owner and Beneficiary:

A donor takes out a new life insurance policy for $125,000 naming the University of Toronto as owner and beneficiary of the policy. The donor’s annual premium of $1,050 has an approximate after-tax cost of $525.00 per year. The legacy to U of T – $125,000

For more information, please contact:
Michelle M.B. Osborne, CFRE
Executive Director, Gift Planning
J. Robert S. Prichard Alumni House
21 King’s College Circle
Toronto, ON M5S 3J3

Donor recognition

The King's College Circle Heritage Society recognizes alumni and friends who have remembered the University through a provision in a will or other form of planned gift.

If you have left a gift in your will, please let us know.