Gift Planning
Gift of Life Insurance
An affordable way for you to make a future major gift to the Museum is through a gift of life insurance, which also provides tax relief during your lifetime or to your estate upon death. For example, if during your life you make the ROM the owner and beneficiary of a life insurance policy, you are entitled to a donation receipt for the value (if any) of the policy. If premiums are still owing, you are also eligible for a donation receipt for each premium paid.
Or by designating the ROM as the beneficiary of your policy (personal or Group Life) your estate will receive a tax receipt for the amount the ROM receives.
For an example of a gift of life insurance, please view the personal story below:
For other ways to reduce taxes on your estate:
Bequests
RRSP, RRIF, Pension Plan
