Donors
Increase your donation with life insurance
By purchasing life insurance with J’assure ma cause, you maximize your impact on the mission of a charity dear to your heart. Rather than making a one time donation at a fundraising event, opt for our simple, secure and effective solution.
A life insurance donation means more money to support your cause!
J’assure ma cause is in its launch phase!
Eligibility
Do I qualify as a donor?
To obtain life insurance with J’assure ma cause, you must meet the following criteria:
Use the donation calculator below to see the direct effect of the amount invested in your life insurance, keeping in mind that the calculator is for no medical products only.
The calculator allows you to make two calculations.
Calculate the premium to be paid according to the payment method chosen for a given sum insured.
Calculate the amount of insurance you would be entitled to based on your budget.
Donation calculator
All fields are required.
Are you in good health and want to provide proof of insurability? We have other insurance products that may be right for you. For more information, contact a J’assure ma cause advisor by filling out the form with your contact information.
Two amounts appear in the calculations. These correspond to our two non medical products, Gold and Platinum. Your answers to the eligibility questionnaire will determine the product and premium.
Your tax credit
Like a direct donation, a life insurance donation entitles you to tax credit (one federal and one provincial) each year you pay the premiums on your insurance policy.
Depending on your situation, tax credits can range from 35% to 53% of the amount paid out.
* Based on the rates in Quebec and Canada in 2023
Visit these pages for complete details.
How do I calculate my charitable tax credits (Canada)
Tax credits for donations and gifts (Québec)
Tax credit estimator
* Based on the rates in Quebec and Canada in 2024
Use this tool to estimate the tax credits you could be entitled to,
based on the amount of your donation and your taxable income.
All fields are required.
Your donation process
Schedule a meeting with an advisor to complete the insurance proposal
Following your death, the beneficiary registered charity will receive the insurance benefit
You are now part of the new way to donate!
I prefer to be assisted by a J’assure ma cause advisor
The multiplier effect
of life insurance donations
When you choose to donate life insurance, the organization you support obtains more money without you having to spend more. This multiplier effect is the most significant advantage of this way of donating for you and the beneficiary organization.
Your impact is greater, and the organization’s resources are increased.
To see the difference between making a direct donation to an organization and purchasing a life insurance with the organization as beneficiary, look at the following three concrete examples.
Julie’s mother died of Alzheimer’s disease. To support the XYZ Foundation, Julie took out a life insurance policy, naming it as beneficiary.
Profile: 40 years old, non-smoker and in good health
Budget: $45/month for ten years
| J’assure ma cause’s donation upon approval of the insurance contract | $125 |
| Life insurance policy amount | $10,000 |
| Annual premium based on her health status (for a no medical product) | $540 |
| Total premiums paid over ten years | $5,400 |
Regardless of Julie’s age and the premiums paid upon her death, the XYZ Foundation will receive a $10,000 donation.
| Scenario | Premiums paid at the time of death | Benefits paid to XYZ Foundation |
Financial benefits of a life insurance donation for the charity (compared to a direct donation) |
|---|---|---|---|
| Death at 42 | $1,080 (2 years) | $10,000 | $8,920 more ($10,000 – $1,080) |
| Death at 70 | $5,400 | $10,000 | $4,600 more ($10,000 – $5,400) |
Engineer by trade, Philip is an avid cyclist. For his 50th birthday, he decided to donate to the ABC organization by naming it as the beneficiary of his new life insurance policy.
Profile: 50 years old, non-smoker and in good health
Budget: $26,000
| J’assure ma cause’s donation upon approval of the insurance contract | $125 |
| Life insurance policy amount | $40,000 |
| Lump sum donation (one time) for a no-medical product | $26,000 |
With a lump sum donation, the total amount ($26,000) is placed in a premium deposit account: the annual life insurance policy premiums ($2,600/year for ten years) are paid automatically from this account. If any money is left in the account when the donor dies, the amount is added to the death benefit and paid to the organization.
| Scenario | Premiums paid at the time of death | Amount left in the premium deposit account | Benefits paid to ABC organization | Financial benefits of a life insurance donation for the charity (compared to a direct donation) |
|---|---|---|---|---|
| Death at 53 | $7,800 (3 years) | $18,200 ($26,000 – $7,800) | $58,200 ($40,000 + $18,200) | $50,400 more ($58,200 – $7,800) |
| Death at 65 | $26,000 | $0 | $40,000 | $14,000 more ($40,000 – $26,000) |
Since her diagnosis six years ago, Helen has been supported by the LMN Foundation. She now wishes to pay it forward by naming the Foundation as the beneficiary of her life insurance policy.
Profile: 60 years old, non smoker with multiple sclerosis
Goal: $25,000 life insurance policy with ten year payments
| J’assure ma cause’s donation upon approval of the insurance contract | $125 |
| Life insurance policy amount | $25,000 |
| Annual premium based on her health status (for a no medical product) | $2,350 |
| Total premiums paid over ten years | $23,500 |
Regardless of Helen’s age and the premiums paid upon her death, the LMN Foundation will receive a $25,000 donation.
| Scenario | Premiums paid at the time of death | Benefits paid to LMN Foundation | Financial benefits of a life insurance donation for the charity (compared to a direct donation) |
|---|---|---|---|
| Death at 66 | $14,100 (6 years) | $25,000 | $10,900 more ($25,000 – $14,100) |
| Death at 71 | $23,500 | $25,000 | $1,150 more ($25,000 – $23,500) |
Together,
let’s ensure funding for the organizations we care about!
The whole community will benefit from it.
FAQ
