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Conserving Canada’s Wetlands

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How you can help

Life insurance

Donate a gift of life insurance

Similar to a gift in your will, Ducks Unlimited Canada (DUC) will benefit from this gift as part of your legacy. However, you can benefit from the tax savings of this gift today.

Life insurance is a popular and easy way to leave your conservation legacy. You may also have a policy that is no longer required that could be donated now that your children have grown or your mortgage is paid. You can:

  • transfer ownership of an existing policy to DUC
  • donate a new policy
  • donate the proceeds of the life insurance to DUC

Contact us for more information.

Testimonial: Tim Cameron is a life insurance donor

“This was a no brainer. I don’t have the resources right now to make the kind of donation to DUC that I’d really like to. But, by gifting a life insurance policy, I’m making a substantial contribution and getting a tax credit for the premiums I pay – all for about the price of a cup of coffee a day.”

—Tim Cameron


A Creative  Option – Wealth Replacement Insurance

Wealth replacement insurance is a creative insurance option that is simple and can provide a powerful solution to give a gift to charity without diminishing the value of what you will leave your family.

How does it work?

When you make a donation of assets to DUC such as:

  • cash
  • securities
  • or property

you will receive a tax credit for your donation. With the money you save on your taxes, you can then buy wealth replacement insurance to replace the value of what you have given to DUC. The tax savings realized from the donation are usually sufficient to purchase the wealth replacement insurance in an amount equal to or greater than the value of your donation to DUC.

Sylvia’s Scenario:

Sylvia is 73 years old and has decided to donate some of her assets to DUC, however she does not want to impact the amount she will leave to her daughter. With a donation of $150,000 to DUC, she will save enough on her taxes to buy wealth replacement insurance in the amount of $250,000 with her daughter as the beneficiary ($100,000 more than she would have received through the estate had Sylvia not purchased wealth replacement insurance). An added benefit is that the wealth replacement insurance is not subject to taxation when Sylvia passes on.

Contact us for more information.

To fully determine how a planned gift can fit into your financial or estate plans, we suggest that you discuss these options with your legal, tax or financial advisors. DUC can provide a third-party contact to help you. This information is not intended as specific legal advice. Consult your attorney when considering any legal matters. The laws which govern wills and contracts vary and are subject to change.