Designating a charity as the beneficiary of an existing or new life insurance policy is an effective way to create a lasting legacy of caring that will live on to support future generations.
What to do next
In order to designate St. Paul’s Foundation as a beneficiary of a life insurance policy, contact your insurance agent or financial planner and St. Paul’s Foundation. Working together, we will arrange a beneficiary designation. You may already own a life insurance policy which you could designate or you may wish to purchase a new policy. Purchase of a new policy may require health screening to determine your insurability.
To make a beneficiary designation on a life insurance policy, it is important that you include the full legal name of the charity.
Our Legal Name: ST. PAUL’S FOUNDATION OF VANCOUVER
Our Charitable Registration Number: 11925 7939 RR0001
When we receive payment from the insurance company, on the policy, we will issue a charitable tax receipt to your estate.
- St. Paul’s Foundation does not sell life insurance policies nor do we accept ownership of life insurance policies offered to us as gifts.
- Please speak with your life insurance agent or financial planner to ensure you understand how your change of designated beneficiary of a life insurance policy will impact your estate.
Please contact us to learn more. Thank you!
While we are not able to provide individual legal or accounting advice to individuals who are contemplating a charitable gift in their estate plans, we welcome an opportunity to discuss your intentions for your future gift and to provide additional information about St. Paul’s and the Foundation.
Thank you for considering a future gift for St. Paul’s!
Karen E. Brown, LL.B
Director, Legacy and Estate Giving
St. Paul’s Foundation