Donating a new or existing life insurance policy is a great way to give to JDRF and help us develop our financial strength without affecting your own! There are several different ways you can make a gift out of a life insurance policy. You may have an existing policy which is no longer needed, and can transfer the ownership of the policy to JDRF. If the policy is paid-up, a tax receipt will be issued for the value of the policy. If payments are still being made on the policy, you will receive tax receipts for all future premium payments. You may wish to purchase a new policy and name JDRF the beneficiary. Upon your passing, your estate will receive a tax receipt for the policy’s value and JDRF will receive the proceeds from the life insurance policy.
To request further information on donating a life insurance policy, please fill out this form.