Life Insurance: A gift of life insurance can be an easy and cost-effective way to provide significant future support. There are a number of ways that this can be accomplished. As always, we recommend speaking with your legal advisor, financial planners and life insurance providers to find a solution best suited to you. Transfer an Existing Policy: The ownership and beneficiary designation of an existing life insurance policy can be transferred to WaterAid Canada. You will be eligible for a charitable tax receipt for the cash value of the policy and for any premiums that you continue to pay. Purchase a New Policy: You can purchase a new life insurance policy and name WaterAid Canada as the owner and beneficiary of the policy. You will receive a charitable tax receipt for the premiums you pay each year. Change of Named Beneficiary: If you have an existing policy or are purchasing a new policy, you may retain ownership and name WaterAid Canada as the beneficiary. At the time of your death, a charitable tax receipt equal to the proceeds of the insurance will be issued to your estate. You are not eligible to receive a charitable tax receipt for premiums that you continue to pay. Registered Retirement Plans: If you are the holder of a Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF) and you die without a surviving spouse or a “qualified beneficiary”, your estate could be left with significant taxes to pay. You may wish to consider naming WaterAid Canada as a beneficiary of all or a portion of your remaining RRSP or RRIF to not only make a generous gift to a cause that you believe in but to help reduce the taxes owing by your estate. This can be done either by completing a Change of Beneficiary form with your financial institution or through your Will. Your financial and legal advisors will know what is best for your personal situation. Donating Stock: Donating appreciated securities, such as stock or mutual funds, to WaterAid Canada is a tax-wise approach for helping provide clean water and sanitation to those in need. To initiate a gift of stock or securities, please complete and submit this form.