You can name MitoCanada as the beneficiary of your life insurance policy or transfer the ownership of your policy to create a legacy that ensures all lives are powered by healthy mitochondria.

Sometimes, people are unsure whether they will have enough to provide for their loved ones and create a legacy gift for the future. If this is a concern for you, a gift of life insurance can help you make sure your loved ones receive what you intend and fulfil your charitable wishes too. A donation of life insurance to MitoCanada provides a charitable gift receipt which can offset the taxes you pay now, or those charged to your estate in the future. You can choose the option that works best for you – knowing that whichever you decide on, you will be preserving more of your assets for your loved ones.

You may find life insurance is the best option for you to fulfil your giving goals if:

  • You wish to make a substantial gift while only paying small monthly or yearly payments
  • You want immediate charitable receipts to offset current earnings
  • You wish to protect more of your estate assets for your loved ones  
  • You want a giving option that is considered separate from your other estate assets
  • You want the full value of your gift to benefit the MitoCommunity – and avoid having your gift reduced by estate management fees, executor fees, or professional fees

When considering a gift of life insurance to MitoCanada, you have options. There are different types of policies, as well as different options to make your generous gift. 

Some of the options include:

  • Transfer ownership of a life insurance policy to the charity itself
  • Name a charity as the beneficiary of a life insurance policy
  • Take out a new policy in the name of the charitable organization
  • Gift an existing policy to a charity

To find the right solution for your goals and situation, it is important to get advice from your advisor(s), such as a financial planner, estate lawyer, or insurance professional, and have a conversation with us, too. 

Life insurance is subject to various national and provincial regulations, so it is in everyone’s best interest to ensure the type of gift of life insurance you are considering is one that MitoCanada can receive.

If you decide to create a gift of life insurance, correctly naming MitoCanada will ensure your gift will be made as you intend. 

Our full legal name, address, and charitable registration number are:

Legal Name: MitoCanada Foundation 

Address: 520 3rd Avenue S.W., Suite 1900 Calgary, AB T2P 0R3

Charitable Registration #: 81258 666 RR0001

For further details about how your legacy can help fund education and awareness programs for those living with or at risk of developing mito and support patient-focused and transformational research, contact Fundraising@MitoCanada.org.

And remember, getting advice from an advisor, as well as contacting us to discuss the specifics of your intended gift of life insurance, is the best way to ensure your legacy can be carried out as you wish.

Canada Life My Par Gift was designed for charitable giving. It is a tailored product that allows you to make a bigger impact with the charitable donation you make during your lifetime.

It is an innovative, first-of-its-kind, single-premium insurance product that offers the flexibility of a payout when you pass or can build value that MitoCanada may also access while you are living. MitoCanada is the policy’s owner and beneficiary. 

The minimum single premium amount needed to purchase a Canada Life My Par Gift policy is $10,000.

My Par Gift Advisor Guide can be found at: Participating life insurance Canada Life My Par Gift

Please let us know about your gift of life insurance. This will give us the opportunity to thank you and discuss what you hope your gift will accomplish. 

We would also like to thank you for being someone who cares so much about the lives of others – even people you have never met – that you are planning to help in this thoughtful and compassionate way.