Our Commitment to Education

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Helping parents plan for their children's financial future

Every parent wants to give their child a better life. A financially secure and happy life where they are free to pursue their passions, build on their strengths and explore every opportunity available to them. 

Parents of children of all ages are searching daily for the best options when it comes to investing for their children's futures and since 1998 have been led to believe the only option available was the RESP.

Which is why our team is committed to providing them with all the information on how all their options work, so they can be fully informed and be able to make the best possible choice for their child's future. 

Making these decisions can be emotional and at times overwhelming, so we pride ourselves on being transparent with our clients by always using simple, easy-to-understand language (without any confusing financial jargon). 

At Child Plan, our mission goes beyond just selling a product. Our core principle is the belief that if information is power, then education is empowerment. We believe with all our souls that by educating parents on all their options we empower them to make the best decision possible for their children's futures. 

Our Team

Michael Lampel

Michael Lampel Founder, Insurance For Children, creator of ChildPlan™

With an extensive professional background in business and wealth management, Michael Lampel has a solid understanding of the financial landscape in Canada. 

However when it came to educational investment options for his third child, he discovered there were severe government set limitations to traditional government plans like the RESP. Like so many aspiring entrepreneurs, he saw a gap in the market and made his move. 

In 2014, he launched Child Plan™ to provide parents and grandparents with an alternative, secure, future-proof savings plan for children that offered both flexibility and security for parents.  

This offering gives today's parents the freedom and control to support their children's future dreams, no matter what they are. 

Outside of his work as the Founder of Insurance for Children, Michael is on the board of the Sickle Cell Association of Canada, and KidsNow Canada. He is also a mentor for KidsNow Canada and the Canada Youth Business Federation. He lives in Toronto with his wife and three children.

Sample Child Plan™ Cash and Insurance Value Illustration

Age Accumulated Cash Value Life Insurance Value
20 $82,568 (Education) $612,728
35 $177,953 (House) $1,115,297
45 $303,299 (Security) $1,115,297
65 $834,276 (Retirement) $1,666,824

Sample illustration is for a child under age 1 based on a monthly deposit of $250 for twenty years. There will be no further contributions required after year twenty. The cash and insurance values are based on a dividend interest rate of 6% from a Canadian life insurance company.

Personalize Your Child Plan™

Create a Child Plan™ Illustration and see how much cash value your child will have for their education and for life.

Have a question about Child Plan or wish to speak with a Family Advisor?