Child Plan™
Child Plan "Participating" Whole Life provides your child an annual tax-free dividend every year for life, which they can use towards:
- Any education program around the world
- A down payment on their first home
- Funding their first start-up (if that's their dream)
- Any financial need in their lifetime
Request a Child Plan™ illustration to see the cash and insurance values for your child's future.
How Child Plan™ Grows For Their Education
- Child Plan™ "Participating" Whole Life plan also doubles as an education fund.
- Child Plan™ guaranteed cash value grows tax-free from the day you open it.
- Annual tax-free dividends for life.
- Child Plan™ can be given to your child, tax-free, anytime after they turn 18.
- Child Plan™ includes permanent whole life insurance that grows in value throughout your child's life for future generations.
How Child Plan™ Grows For Their Education
- You can open a Child Plan™ "Participating" Whole Life insurance plan for your child as early as 14 days after birth.
- You can transfer the Child Plan™ tax-free to your child anytime after they turn 18.
- Cash values can be used for any university or vocational program around the world, not only those on the RESP Designated Educational Institution list.
- You can use your Child Plan™ annual dividends towards your annual deposits
- Cash values can be used by your child for any financial need in their lifetime including education, down payment on a home, starting a business, even to provide financial security for their future family.
- Child Plan™ can be opened by parents, grandparents, aunts and uncles or legal guardians.
- Your child can use their Child Plan™ cash values for any financial need in life.
- Because Child Plan™ is a Whole Life insurance plan, your child will be permanently covered.
- As their parent, you can control the use of the Child Plan ™ cash values even after transferring it to your child.
- Child Plan™ is permanently funded after 20 years. No further deposits will ever be required.
Sample illustration of Child Plan™ Cash and Insurance Values
Based on a Monthly Deposit of $250 per month
Sample illustration is based on a monthly contribution of $8.32 a day/$250 a month for twenty years, starting when the child is less than 1 years old. Cash and life insurance values are based on the current dividend interest rate of 6% from a Canadian life insurance company. This example is strictly for illustration purposes. The 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.
*illustrations are reflective of the annual premium amount
Why Child Plan™?
Have a question about Child Plan or wish to speak with a Family Advisor?
- Office: 647-347-9661
- Email: childplan@insuranceforchildren.ca
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