THE ANDREAN LEGACY - A GIFT OF LIFE INSURANCE
A gift of Life Insurance allows you and your family to make a more significant future gift to St. Andrew’s than may be possible during your lifetime. The principle of the program is simple but unique to St. Andrew’s within the independent school environment.
Rather than just writing a monthly or yearly cheque to the School, the donor receives tax benefits for gifts made toward a life insurance policy taken out in his name by the SAC Foundation. The Foundation matches the donor’s gift. When the policy matures, usually after a 10-year period, a named scholarship or bursary award can be created.
The donor may also wish to leave the insurance policy to the discretion of the Board of Directors and/or the Headmaster. The proceeds can then be used to most benefit St. Andrew’s at the time.
DID YOU KNOW?
By strategically taking advantage of life insurance as a donation tool, you will leave behind a memorable legacy, and make an amazing impact on the future of the School.
ADVANTAGES TO YOU:
1. Immediate tax relief
2. Setting up your policy is easy and affordable
3. Estate tax relief
4. You don’t have to change your will
5. Your gift of life insurance happens outside of your estate
A donation from your will is another way of lending significant support to St. Andrew’s College. Your gift provides lasting support to St. Andrew’s College while providing tax benefits to your estate. We would be happy to provide more information or sample wording to include in your will.
To find out more, please call Julie Wilson at 905-727-3178 x296 email Julie.Wilson@sac.on.ca.