We often hear donors say, “I wish I could do more.” The gift of life insurance can be an effective and affordable way to make a transformative gift to support local healthcare. When you give a gift through life insurance, you can give the BCHS Foundation access to the policy’s cash value during your lifetime, and also give a substan­tial gift later on in the form of the policy’s benefit.

How giving through Life Insurance works:

  • Name the BCHS Foundation as the owner and beneficiary of a new policy. Any premiums will then be considered a donation and are eligible for a tax receipt.
  • Name the BCHS Foundation as owner and beneficiary of an existing policy. Any future premiums the individual pays will be considered a donation and are eligible for a tax receipt.
  • Retain ownership of the policy but designate BCHS Founda­tion as the beneficiary or one of the beneficiaries. Your estate then receives a tax receipt for the proceeds of the policy.

Life Insurance Policy Examples (for $100,000/10 Year Payment Plan):

  • An average healthy 35-year-old male is $99/month
  • Average healthy 50-year-old female is $172/month
  • After 10 years of monthly payments, the policy is paid in full.

For more information on gifts of life insurance, premium payments and overall benefits, please contact:

Crystal Godwaldt, Associate Director BCHS Founda­tion at (519) 751-5544 ext. 2014 or by email crystal.godwaldt@bchsys.org
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