Although we are bombarded with messaging about RESPs, not many Canadians are using them. This is quite surprising given the high cost of post-secondary education which can amount to $60,000+ for a four-year undergraduate degree. If you have young children now, the costs will most likely more than double by the time they are university…
Why Some Adults are Denied Life Insurance
Not everyone who applies for life insurance is accepted for coverage. Life insurance companies are not charitable organizations and they will only accept you for coverage if you are deemed a suitable insurance risk which means that the likelihood and magnitude of a payout over the life of the policy is acceptable to them. Your…
Why Do the Rich Buy Life Insurance?
Life insurance is a very versatile product, but we don’t often think about it as a necessary element in the portfolios of the rich and famous. A Silicon Valley billionaire has recently taken out $201 million in life insurance. The Guinness World Records, which announced the policy, said it is the largest life insurance policy…
How Can Your Kids Achieve Their Goals in Life with Student Loans strangling Them?
Student debt is a serious issue in this country. There is a total disconnect between the student loan system and the student. Students don’t think about the consequences of borrowing money. They only know that a student loan (if they qualify) will pay for their education.
Are Your Kids Expecting You to Buy Them a House?
Are your kids paying rent, paying off student loans and saving for a house? That’s an impossible triad in most cities in Canada where home prices have soared 84% in 10 years. Home prices in Canada hit record highs in late 2013, according to the Teranet-National Bank house price index.
Personalize Your Child Plan™
Create your Child Plan™ Illustration and see how much cash value your child will have for their education and for life.
To learn more how Child Plan will provide your child with the funds for their future education and financial security for life, book a virtual meeting with a Child Plan Advisor.
Contact Us: childplan@insuranceforchildren.ca