About Us

Insurance for Children, Canada’s leader in financial planning for children

As parents, we want the very best for our children’s futures.

Solar Technology Specialist, Avatar Designers, Health Care Navigator, are just a few of the careers that haven’t yet been invented but will by 2030, and to give our children the freedom of the future they dream of, parents must have a plan.

That’s where Insurance for Children changed the game. As Canada’s leader in financial planning for children, we’re committed to helping parents plan for their children’s futures. Whether it’s your child’s dream to get a first-rate education, buy their own home, start their own business one day or travel the world helping others in less advantaged places, Insurance for Children educates parents how to help their children achieve their dreams. Whatever they may be.

Our children’s futures are global and their options should be to. Our Family Advisors educate and empower parents to help them make the best informed decisions so their children will have the freedom to follow their dreams.

Meet Our Founder

Michael Lampel

Michael Lampel

When my third child was born, I was looking at investment options to prepare her for the road ahead, especially in regards to her education. I am one of those people who actually reads the fine print on products, and when I did my research on RESPs, I discovered there were limitations I wasn’t comfortable with. I wanted to give her more freedom to choose what she wanted outside the confines of a government program.

I found my alternative in a Participating Whole Life Insurance plan. That’s right – a life insurance plan, which qualifies my child to receive a tax free annual dividend for her entire life. It also gives her the freedom to go to any university or education program around the world (and not only those approved in Ottawa). If there is money leftover after her schooling, or if she chooses a different path, she can use the cash towards the purchase of her first home, to start her own company, to educate her future children, or for any other financial need in life.

I am often asked by parents (both those who are well off and average income earners): “Why didn’t we know this existed?”

My answer comes in the form of four simple letters: “RESP.” Once the government launched the RESP and gave parents grants in 1998, the financial industry in Canada stopped educating parents on Participating Whole Life Insurance plan, a plan which has been used by Canadian parents since 1847 as a way to save for their children’s education and future. A plan that never and missed an annual dividend payment.

As a result of this research and experience, I created Child Plan™ as a way to help families support their children and encourage them to follow their dreams.

Today’s parents want flexibility and freedom to support their children’s dreams, no matter what their dreams may be. They want to save for their children’s future with the understanding that this is a global world and the education they will receive could be in another country or a program for a new industry not yet invented.

With Child Plan™, using the help of the Canada Child Benefit, I can now use those tax free unrestricted funds from the government (see: Canada Child Benefit) to invest in my daughter’s future. So now, I’m using cash (with no strings attached) to build an investment I can transfer (tax free) to my child any time in life, to help her follow her dreams. And you can too.

If you’d like to learn more, we are here to educate you on how to build a financial plan for your children’s future so they can follow their own dreams. Contact us today to get started.

Sample illustration of Child Plan™ Cash and Insurance Values

Based on a Monthly Deposit of $225 per month

AgeAccumulated Cash ValueLife Insurance Value
21$77,369 (Education)$585,633
35$188,297 (House)$963,104
45$335,046 (Security)$1,247,642
65$977,644 (Retirement)$1,979,475

Sample illustration is based on a $225 monthly premium for twenty years, starting when the child is less than 1. Cash and life insurance values are based on the current dividend scale of 6.35% from a Canadian Life Insurance Company. This example is strictly for illustrative purposes only, the annual dividend scale is not guaranteed and values may differ.

Personalize Your Child Plan™

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

Request Illustration

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