As a parent, one of your main concerns is making sure your child is provided for in the best possible way. The future is volatile, and anything can happen. It’s essential to take preventative measures in assuring a sense of stability for your kids’ financial future. Your child’s big dreams will require a solid foundation,…
Blog
Will RESPs Help or Prevent My Child From Becoming Financially Successful?
There is no question. Education is a path to financial success. According to a 2011 Statscan NHS survey, the top 10% of Canadians has incomes over $80,411 (in 2005 dollars). According to the report, “High-income Canadians tended to be highly educated”
Will You Be Paying For Your Child’s Student Loans When You’re About to Retire?
Do you believe with the cost of a standard 4 year university education expected to climb to over $137,000 (TD Bank) for your 1 year old child, you’ll be able to retire? If you do then you must be one of the lucky to have paid off your student debt. Some parents today though are…
Can the Cost of Education Seriously Impact Your Entire Family?
When we think of student debt we envision a young person in their 20s or early 30s, starting out in life. They’re establishing themselves in their careers, marrying and starting families, all the while struggling with overwhelming student debt.
Do Grandparents Want to Help Their Children With The Cost of Education of Their Grandchildren?
Many parents are really struggling today to save for their child’s education after paying the mortgage, utilities, food, clothing, student loans and many other monthly expenses incurred by an average young family.
Will Your Kids Be Able to Pay Their Own Way Through University?
College and university students have a few weeks of left of freedom, otherwise known as grinding it out at less than glamorous summer jobs to pay for school. But, how many students earn enough to pay for school and living expenses? If they don’t earn enough, can you afford to supplement or pay the costs?…
Does Your Child Have an Emergency Financial Cushion?
Saving for a rainy day was something we were all taught to do, but it appears that for many Canadians that rainy day has arrived and very few listened or prepared. According to the federal Office of the Superintendent of Bankruptcy:
Why More People Are Buying Insurance For Their Kids
In our last blog we discussed whether or not you should buy life insurance for your kid. Buying insurance for your kids is a great idea and more people are starting to realize it. In this blog, we’re discussing the reasons why.
Should You Buy Life Insurance For Your Kid?
I read an article on July 26, 2014 in the Financial Post by Melissa Leong titled Should You Buy Life Insurance for your Kid? Ms Leong asked the question of three financial services professionals – Chantal Marr, president of LSM Insurance, Ed Rempel, a certified financial planner with Armstrong & Quaile Associates Inc. and Mark…
Have the Costs of Organized Sports Sidelined Your Kids?
As parents we want to give our kids everything, but with the rising costs of housing, food, clothing and education, many families are struggling to survive and there is precious little left for extras and luxuries. Statistics Canada reports that parents of young children now carry debt worth 180% of their after-tax income,
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