March 30, 2023 – New Insurance Product for Charitable Donations

by | Apr 2, 2023 | Industry Updates


Canada Life’s new insurance product “My Par Gift” allows a client to pay one lump sum payment to fully pay for the policy. The client then receives a tax receipt from the charity of choice which becomes the policy’s owner and beneficiary. This product simplifies the donation of an insurance policy and solves the issue of insurance trafficking.

Read the press release here.

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