GTHS and Planned Giving through Life Insurance

Have you ever wanted to donate to the Georgian Triangle Humane Society but did not think your donation would go that far?  Many people want to donate but wish they could give more.  Did you know that life insurance can be an effective way to help your favourite charity (GTHS 😊) achieve their long-term goals?

Along with tax savings, the benefit of donating a life insurance policy includes the freedom to choose coverage limits and a premium that fits your budget. As well, your gift cannot be legally challenged (if someone contests your Will) because life insurance is considered separate from your other estate assets.

Donating a life insurance policy is not subject to taxes, probate costs or estate debts, and you can make a substantial contribution through relatively small monthly or yearly payments. At the same time, you will be rewarded for your donation through the charitable tax receipts you receive. The premiums on a policy will cost far less than the payout amount over time, and when you include your tax credits, you end up paying even less overall for a very sizeable gift.

Here are three ways you can donate a life insurance policy to GTHS:

  1. Take out a new policyin the name of the GTHS. You will receive a charitable tax receipt for the cash value of the policy and for any premiums you pay.
  2. Name GTHS as the beneficiary of an existing policy. This is a good option if you already have a policy that your family no longer needs for financial stability. At the time of your death, GTHS will receive the policy proceeds and your estate will receive the tax benefits.
  3. Transfer ownership of an existing policy to GTHS and receive a charitable tax receipt for the cash value of the policy. If you owe annual premiums on the policy, you will still pay them, but you will also receive tax receipts in the amount of your payments.

It does not take much to leave a lasting legacy; donating a life insurance policy can have a great impact on the people and animals that GTHS supports.

Today, John Redick and the team at WD Redick and Associates, financial advisor for Co-operators in Collingwood and Wasaga Beach, announced a donation of $20,000 to the Georgian Triangle Humane Society. The funding will help the organization with the continued community support that the GTHS provides through its Youth Mental Health and Humane Education programs.

“Our donation today helps address important community needs,” explains John Redick, financial advisor for Co-operators. “Guided by our co-operative principles, we invest our profits into action and advocacy that makes our community and the world a better place.”

The funding has been provided by WD Redick & Associates with the support of the Co-operators Advisor Community Fund.  We are pleased to deepen our commitment to supporting our community with this contribution. Co-operators staff and Financial Advisors have been making Canadian communities safer, healthier, and more resilient for decades. As a co-operative, our commitment to communities is an operating principle that inspires us to act, provide support and raise awareness when there is a need.

About The Co-operators:

Co-operators is a leading Canadian financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. The company has more than $61.5 billion in assets under administration. Co-operators has been providing trusted guidance to Canadians for the past 76 years. The organization is well known for its community involvement and its commitment to sustainability. Achieving carbon neutral equivalency in 2020, the organization is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co-operators is also ranked as a Corporate Knights’ Best 50 Corporate Citizen in Canada and is listed among the Best Employers in Canada by Kincentric. For more information, please visit:

For more information on how to use life insurance as a charitable donation, please contact WD Redick and Associates at 705-445-0301 or

Sean Kelly, Associate Financial Advisor at The Co-operators & Mutual Fund Investment Specialist, is joined by John Redick, Financial Advisor & Owner of WD Redick & Associates, present Kelly O’Neil, Capital Campaign Manager, with $20,000 gift towards the new Regional Centre for Pets and People.

The Regional Centre for Pets and People will be an essential community-wellness resource, offering safety, comfort, care and warmth, a home to both pets and people of the community. Thank you to The Co-operators and WD Redick & Associates for sharing this vision for a brighter future.

Stay informed on GTHS events, initiatives and programs. Learn how the GTHS team is serving the pets and people of the South Georgian Bay Area. Read heart-warming Happy Tails about GTHS Alumni. See a lot of really cute pictures of dogs and cats!