Organizations

Multiply your resources with the unique J’assure ma cause concept

It’s a fact: in a post pandemic context, registered charities’ resources are more insufficient than ever. Volunteers are in short supply, fund-raising is time-consuming, partners are difficult to convince, costs are rising, donors are constantly being approached… In short, financing challenges are considerable.

Requests for support from charities are on the rise, but many no longer have the means to meet them.

Is this the case for your organization?

J’assure ma cause offers a simple, secure and effective financing solution to help you fulfill your mission. How? With J’assure ma cause, donors make a donation to your organization by taking out a life insurance policy, the benefit of which is paid to you upon their death.

DONORS

Benefits for your organization

  • Turnkey financing solution
  • Quick and easy application process
  • 100% online process
  • Simplified donor experience
  • $125 donation per newly approved donor*
  • Payment of benefit at death between $5,000 and $250,000
    Contact us for a higher insurance benefit!
  • Minimal management efforts**
  • Additional visibility for your cause
  • Multiplier effect of donations
  • Increasing financial stability
  • The option to release or redeem the contract (If the donor can no longer pay their premium)

*Each quarter, organizations with new donors receive a payment. For example, during a quarter, 20 donors choose your organization as the beneficiary of their new life insurance policy, generating a $2,500 donation from J’assure ma cause. The $125 donation is payable once per donor and per organization (a donor may support more than one organization, and each will receive a $125 donation).

**Our team handles everything: the contract, signatures, premium payments, etc. All you need to do at the end of the year is send your donors a tax receipt based on the list provided by the insurer.

Eligibility

Is my organization eligible?

To become a beneficiary registered charity, your organization must meet the following criteria:

  • Hold a charity registration number
  • Be authorized to issue tax receipts
  • Sign a partnership agreement
  • Agree to pay the annual subscription fee of $375 + taxes

*Or on your social media networks. We can provide you with texts for this purpose if required.
**The insurer will provide you with a list at the end of each year.
*** This amount allows J’assure ma cause to update your file, provide you with various tools, ensure your visibility on its website, offer you the support of its specialized team, etc.

Steps for your organization

Fill in
our online
application form

Sign the partnership agreement and pay your annual subscription fee

A donor chooses you: sign the insurance contract you will receive by email

Year-end: issue tax receipts to your donors using the provided list

Get the approval of J’assure ma cause

You are now on
our list of beneficiary charities

Each quarter, receive a $125 payment from J’assure ma cause for each new donor

Receive the insurance benefit following the donor’s death

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.

With the same starting amount, your resources are considerably increased.

To see the difference between making a direct donation to an organization and donating life insurance, 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.

ScenarioPremiums paid at the time of deathBenefits 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.

ScenarioPremiums paid at the time of deathAmount left in the premium deposit accountBenefits paid to ABC organizationFinancial 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.

ScenarioPremiums paid at the time of deathBenefits paid to LMN FoundationFinancial 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)

FAQ

  • This unique concept represents a simple, quick and highly advantageous financing solution.
  • You can build long term donor loyalty to your cause.
  • The program is turnkey – we take care of everything! The proposal, contract and premium payments. We provide you with a list of donors who have chosen you with the annual premiums they paid so that you can issue tax receipts each year.
  • You immediately receive a $125 donation per donor, on top of the life insurance donation paid quarterly in collaboration with J’assure ma Cause and the selected insurer.
  • The possibility of assuming a donor’s premium if they can no longer afford it.

  • • Should a donor no longer be able to pay the insurance premium, a cash surrender value will be available after the 3rd year, allowing a portion of the donation to be retained. **Assumption Life’s products**
  • The organization also has the option of continuing to pay the premiums and keep the entire life insurance benefit.
  • Depending on the number of years the policy has been in force, you can stay insured for a lower death benefit than the original coverage amount without having to pay an additional premium. The insurer must confirm the amount of reduced paid up insurance at the time the premiums cease to be paid. **Assumption Life’s products**