Home > Causes > Life Insurance
029

PayPal

Direct Bank Transfer

Bank Account Holder Name: Honour House Society

Your Bank Account Number - TBA
Bank City - TBA
Bank Full Name - TBA

Check Payment

Your cheque donations can be sent to the following mailing address:

Honour House Society
509 St. George Street
New Westminster, BC
V3L 1L1

Life Insurance

Why not give the gift of a charitable legacy using your own life insurance policy? You can even make considerable tax savings depending on how you make arrangements with your own insurance company. There are two different ways that you can do this.

Make Honour House the Owner and Beneficiary of a Policy

Payments made to a policy that has been signed over to Honour House Society will qualify as a tax-deductible donation which means more annual tax savings for you. You can either transfer ownership of an existing policy or buy a new policy and assign it to Honour House Society as owner and beneficiary.

Name Honour House as Beneficiary in Your Own Policy

You can keep full ownership of the policy and just name Honour House Society as a beneficiary or make your estate the beneficiary and leave instructions in your will for Honour House Society to receive funds. You can’t receive annual tax credits with this method but the amount of income tax that your estate has to pay may be reduced depending on how arrangements are made with your insurance company.

Need Help?

If you need some free advice about any planned giving procedures please contact our Board Member, Mr Grant T. Smith. Grant is a Chartered Accountant and has over a decade of experience in the accounting field.  He is the senior partner with Clearline Chartered Accountants, a firm of chartered accountants with offices in Vancouver, North Vancouver and White Rock. Grant will be happy to answer any questions that you may have.

083