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

DESJARDINS AGENTS KICKs OFF GIVING TUESDAY TO TMHF
December 3, 2019
Quinte West, ON. Tuesday December 3, 2019:Local Desjardins Agents Carey and Peter Webb today presented a cheque for $8,000 to the Trenton Memorial Hospital Foun...
Read More
IV SMART Pumps are lifelines.
November 19, 2019
My name is Jim Uruqhart. I’m 81 years old, born and raised in Scotland, but a longtime resident of Wooler. I spent most of my working life as a teaching maste...
Read More
TMH FOUNDATION’S 50-50 RAFFLE WINNER IS ANNOUNCED
October 25, 2019
Connie Squires from Frankford, is accepting her cheque for $10,000 from the TMHF 50/50 Draw. Many of you may recognize Connie as one of the hospitals artists th...
Read More