Life Insurance

Susan Grimshaw Levesque has come a long way since her first summer job at St. Michael’s many years ago. Today, she’s an investment advisor and often advises clients on estate planning, but she hasn't forgotten St. Michael’s.

“I was born here and so was my daughter. My mother still travels from the east end for her appointments, and I see my doctor here. The staff has a special touch and genuinely care about their patients, while at the same time are great professionals.”

Susan named St. Michael’s Foundation as the beneficiary of a life insurance policy. “It’s a win-win situation for those who are insurable – you pay the monthly premiums and receive a tax receipt, plus it’s a way of investing in the community by making a gift to a charity.”

You can make a gift of life insurance by naming our foundation as your beneficiary in a new or existing policy. Benefits include:

  • By paying small premiums during your lifetime, you can build a sizeable gift for the future.
  • It’s tax deductible. You can either receive donation receipts equal to the premiums you pay each year, or your estate can receive a donation receipt upon your death.
  • Your estate is protected, since life insurance is considered separate from your estate.

For many of us, it will be the largest gift we will make. A gift of life insurance is not subject to probate fees or settlement delays, and cannot be contested. That means the proceeds from your policy can be put into action right away.

Download a Gift of Life Insurance Donation Form

For more information, please contact Cynthia Collantes at 416.864.5879 or CollantesC@smh.ca, or click to view. Your inquiry and any information exchanged will be held in strictest confidence.

Thank you.