There are a number of ways to support Caledon Meals On Wheels with a gift of life insurance.
By naming Caledon Meals On Wheels as the beneficiary of an existing paid policy no longer needed for its original purpose (such as to cover a mortgage or for education of children) - you can transfer an existing policy by naming Caledon Meals On Wheels the owner and beneficiary. If the policy is paid up, you or Caledon Meals On Wheels need pay no additional premiums. When the gift is ultimately paid to Caledon Meals On Wheels, it will fall outside of your estate ensuring that it is not subject to probate fees thus decreasing the taxes your estate will have to pay. It will also entitle your estate for a tax receipt for the full amount of the value of the policy.
It is always best to include your trusted advisors and family when make changes to your estate plan.