Ways to Donate - Gifts of Life Insurance

GIFTS OF LIFE INSURANCE

Gifts of life insurance is an easy and affordable way to support HFHM. A donor may gift a life insurance policy to HFHM by:

1. assigning a paid up revocable or irrevocable policy to HFHM;
2. assigning a pre-existing revocable or irrevocable life insurance policy on which premiums remain to be paid;
3. creating a new revocable or irrevocable policy to HFHM;
4. naming HFHM as a primary or successor beneficiary of the proceeds. In the event that a policy is gifted to HFHM on which premiums remain to be paid, the donor will continue to pay the premiums until the policy is paid in full. If the donor ceases to make premium payments, the Treasurer will review recommendations from HFM staff as to whether or not it is in the best interests of HFHM to continue premium payments or to allow the gift to fail.

HFHM encourages and solicits contributions of cash, and personal and real property, either as outright gifts or through planned gift vehicles that conform with the rules and regulations or guidelines outlined by the CRA and any other applicable laws.