Insurance


A gift of life insurance to Acadia University can enable you to make a significant gift with a minimal outlay of current savings or income. It can also provide you with an immediate tax advantage and the ability to leave a substantial legacy. The proceeds from the policy will go towards a project or fund you personally have selected.

Benefits of transferring ownership of an existing policy to Acadia University:

  • A charitable tax receipt is issued for the cash surrender value of the policy.
  • The donor can designate how the money is to be used by Acadia University

 

Benefits of transferring ownership of a new policy to Acadia University:

  • The annual premiums are eligible for a charitable tax receipt.
  • During the period in which the policy is being paid off, the resulting tax credit will help defray almost 50 per cent of the premium cost.
  • The donor can designate how the money is to be used by Acadia University.

 

Benefits of naming Acadia University as the direct beneficiary of the donor's policy:

  • When the University is the direct beneficiary of the donor's life insurance proceeds, the donor’s estate may also be eligible for a charitable tax receipt.
  • A gift of life insurance is not subject to probate since the death benefit is paid directly to the University.
  • The donor can designate how the money is to be used by Acadia University.
  • For more information about the financial benefits of giving a gift of life insurance by Will or by designating Acadia University as beneficiary please contact the Office of Advancement.

 

If you are considering a gift to Acadia University, we strongly recommend that you seek professional financial and legal advice that takes into account your unique circumstances.

Contact

Office of Advancement
Rm 225 University Hall
15 University Avenue
Wolfville, NS, B4P 2R6, Canada
General Inquiries: 902.585.1459
To make a donation: 902.585.1459
Toll Free in North America:
1.866.ACADIA (1.866.222.3428)
advancement@acadiau.ca

Charitable Registration #: 106681893 RR0001