The gift of a life insurance policy can make a real impact on the health care in our region.

There are many reasons to give the gift of a new or existing life insurance policy naming Milton District Hospital Foundation (MDHF) as a beneficiary.  First and foremost, you will be helping to make a difference in someone’s life through an investment in providing the best possible healthcare to our community.

A gift of life insurance is a simple and affordable way to make a future major gift to MDHF without reducing the assets in your estate.

  • Donate an existing policy, making MDHF the owner/beneficiary. Receive a charitable tax receipt for the cash surrender value and for all future premiums you pay. Save estate probate taxes when proceeds on death pass on to the hospital.
  • Take out a new policy and assign ownership to MDHF. Receive a charitable tax receipt for all premiums you pay. Save estate probate taxes when proceeds on death pass on to MDHF.
  • Retain ownership of the policy (personal or Group Life); name MDHF as the direct beneficiary upon your death. Your estate will receive a tax receipt for the amount of the proceeds received by MDHF.

Alternatively, if you wish to make a gift of cash or property now and watch it work, an insurance policy can replace those assets in your estate, and your current gift will earn tax credits that can be spread over six years.

Our recommendation is always to consult with your professional advisor when you are considering a gift of Insurance.

Please contact us to learn more about how you can make a difference.  Call Anne Ondercin at 905-878-2383 ext. 7173 and we will gladly answer all of your questions and help you make the perfect giving choice.

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The gift of life insurance