Life insurance policies are excellent tools for lasting impact while leaving a significant legacy.
They offer the following benefits:
- Reduce Estate Taxes
- Receive Immediate Tax Benefits
- Create a Legacy with Modesty Annual Premiums
- Affordable Annual Premiums that Concert into a Significant Gift
- Gifts of Life Insurance are Note Included in Probate
3 Ways to Donate Life Insurance:
1. Donate an Existing Policy:
You’ll receive a charitable tax receipt for the net cash surrender value and a premiums paid after the donation date.
2. Donate a New Policy:
You’ll receive a charitable tax receipt for premiums paid after the donation date.
3. Assign FMC Church, Camp, Ministry and/or Partner as a Beneficiary:
Your estate will receive a charitable tax receipt for the value of the policy.
Useful Legal Information
LEGAL NAME: THE FREE METHODIST CHURCH IN CANADA
ADDRESS: NATIONAL MINISTRY CENTRE
5 INTERNATIONAL BLVD., ETOBICOKE, ON M9W 6H3
CRA CHARITY #: 107406316 RR 0011
For more information, please email support@fmcic.ca or call 905.848.2600
FMCIC’s policies do not allow FMCIC or its employees to serve as personal representatives, executors, trustees, or witnesses or a Will or Trust that includes a gift to one of our FMC churches, camps, ministries and/or partners.
FMCIC strongly recommends you seek the professional services of a lawyer, accountant, or financial advisor to ensure that your financial goals are considered, your tax situation reviewed, and your planned gift tailored to best fit your circumstances.
