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Child Plan™
for Grandchildren

Give your grandchildren the gift of financial security to pursue their dreams.

  • The only tax-free gift available for grandparents
  • Its cash values grow tax-free throughout your grandchild’s life from the moment you open the plan
  • Child Plan™ earns annual tax-free dividends for life

Child Plan™ Illustration

Request a Child Plan™ illustration to see the cash and insurance values for your grandchild’s future.

How Child Plan™ Works For Your Grandchildren

  1. Child Plan™ “Participating” Whole Life insurance plan combines guaranteed cash values, annual tax-free dividends for life, and permanent whole life insurance.
  2. Child Plan™ cash values can be used by your grandchild for any financial need in their lifetime including education, down payment on a first home, even to to start a business one day, if that’s their dream.
  1. Child Plan™ includes permanent whole life insurance for future generations.

Features and Benefits of Child Plan™ for Grandchildren

  • You can open Child Plan™ for your grandchild as early as 14 days after birth.
  • Child Plan™ can be funded with personal or corporate proceeds.
  • The plan earns annual tax-free dividends throughout your grandchild’s life from the day it’s opened.
  • Grandparents over the age of 64 can use non-registered RRSPs or RRIFs to fund Child Plan™.
  • Child Plan™ allows you to transfer wealth to your future generations tax-free.
  • Cash values are controlled by you as an owner of Child Plan™ until you transfer ownership tax-free and fee-free to your child or grandchild.
  • Permanent fully paid up life insurance values grow throughout your grandchild’s life, from the day Child Plan™ is opened.
  • You can transfer ownership of Child Plan™ tax-free to your child to hold in trust for your grandchild any time.
  • You’ll save up to 25% in total cost of a Child Plan™ by pre-funding it in full.
  • “Participating” Whole Life insurance plan owners have received annual dividends for over 100 years.
  • Life insurance values are paid to future generations tax-free.
  • Ownership of your Child Plan™ can be transferred outside your estate tax-free. Cash and insurance values are not subject to income tax, estate fees or probate fees.

Sample illustration of Child Plan™ Cash and Insurance Values

Based on a Monthly Deposit of $225 per month

Age Accumulated Cash Value Life Insurance Value
21 $81,551 (Education) $740,086
35 $171,034 (House) $982,502
45 $294,422 (Security) $1,206,049
65 $830,827 (Retirement) $1,787,621

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 6.00% 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

*illustrations are reflective of the annual premium amount

Why Child Plan™?

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

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