Life Insurance

A less common but very practical method of making a significant contribution to the hospital is through a Life Insurance Policy.  The advantage is that an insurance gift does not interfere with your primary assets and does not impact your Will.  The simplest method of using Life Insurance to make a gift is to donate the paid up policy, making the hospital a beneficiary of a policy you already fully own.

Often individuals will take this route when the original beneficiary is no longer in need of insurance support, i.e. when your children are fully grown and supporting themselves or when you and your spouse are already comfortably protected. In this case, a tax receipt can be written for the full cash surrender value of the policy.

If you prefer, you can take out a new policy with the Foundation as the owner and beneficiary. In this case, all premiums paid become tax deductible, as a donation. It is best to contact the Foundation when setting up this sort of policy so that we can make arrangements for income tax receipts.

LATEST FOUNDATION NEWS

Halloween BOObash Gala
May 6, 2022
Yesterday we kicked off our TMHF Halloween BOObash Gala – Saturday, October 29, 2022. Thank you to everyone who came out to support us. Special thank you ...
Read More
TMHF Golf Classic 2022
April 21, 2022
The TMHF Golf Classic, a signature event in the Quinte region, is set to tee off again this year, at the Oak Hills Golf Course on Friday August 12th, 2022. Desp...
Read More
Hawks for Health Care at the Hangar
February 17, 2022
David Ayres, the famed Emergency Back-Up Goaltender who suited up for the Carolina Hurricanes is joining the Trenton Golden Hawks to support the Trenton Memoria...
Read More