Life insurance

A gift of life insurance is a convenient and affordable way to make a larger investment your charity while realizing tax benefits.

Tips for donors:

  • Give a new policy and receive tax deductible receipts for premiums paid
  • Transfer an existing paid-up policy and receive a tax receipt for the full cash surrender value of the policy
  • Name Carleton University as the beneficiary of your policy and your estate will receive an official receipt to be used on the final tax return
  • Make a ‘no-cost’ gift by using life insurance to replace the value of a current gift of cash or stock in your estate for your heirs