A gift annuity provides a guaranteed income for you during your lifetime and releases the remaining principal to TLI Canada upon your passing.
When you make a gift annuity, you transfer an asset or funds to TLI Canada. TLI Canada guarantees you a pre-agreed upon annual income for the rest of your life at a rate comparable to a normal bond or fixed income investment. After your death, the remaining principal will be used by TLI Canada for mission work around the world.
A gift annuity is part contribution and part investment. The contribution portion is tax deductible right away and some of your annual income will be tax-free. Depending on your estate, there may also be estate tax reductions and probate benefits through the annuity program.
Contact us for more information. Or call Matthew Rowley at 403-845-9126.