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.

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Contact

Office of Advancement
15 University Avenue
Wolfville, NS, B4P 2R6
Canada
General Inquiries: 902.585.1459
To make a donation: 902.585.1876
Toll free in North America: 1.866.ACADIAU (1.866.222.3428)
advancement@acadiau.ca

Charitable Registration Number 106681893 RR0001