Life Insurance

A gift of life insurance can enable you to make a significant, lasting gift to Osgoode, with minimal outlay of current savings or income. There are different ways you can make a gift of life insurance:

Existing, paid-up policy - designate Osgoode Hall Law School as the owner and beneficiary of the policy and the donor will receive a tax receipt for the cash surrender value.

Existing, active policy - naming Osgoode Hall Law School as owner and beneficiary of an active policy will result in a tax receipt for the cash surrender value at the date of donation, and tax receipts for any additional premium payments made after the policy is assigned.

New policy - if a donor takes out a new policy in York’s name, the donor will receive tax receipts for the full amount of each premium payment, following the first instalment. Over time, the policy may become self-supporting and require no further donor investments.

The 2000 Canadian Federal Budget provides that a charitable receipt may be issued to a donor's estate for the life insurance proceeds paid directly to a charity.

All donors who have made a planned gift to Osgoode are recognized through The Thomas Brown Phillips Society