Child Plan™

Child Plan™ "Participating" Whole Life provides your child with 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

Create a Child Plan™ illustration to see the cash and insurance values for your child's future.

How Child Plan™ Will Grow For Their Education

1. Child Plan™ "Participating" Whole Life plan also doubles as an education fund.

2. Child Plan™ guaranteed cash value grow tax-free from the day you open it.

3. Annual tax-free dividends for life.

4. Child Plan™ can be given to your child, tax-free, anytime after they turn 18.

5. Child Plan™ includes permanent whole life insurance that grows in value throughout your child's life for future generations.


How Child Plan™ Will Grow For Their Education & For Life

  • You can open a Child Plan™ "Participating" While 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 life.
  • 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, gransparents, 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 a parent, you can control the use of Child Plan™ cash values even after transferring it to your child.
  • Child Plan™ is permanently funded after 20 years. No further deposits will be required.

Sample Child Plan™ Cash and Insurance Value Illustration

Age Accumulated Cash Value Life Insurance Value
20 $82,568 (Education) $612,728
35 $177,953 (House) $1,115,297
45 $303,299 (Security) $1,115,297
65 $834,276 (Retirement) $1,666,824

Sample illustration is for a child under age 1 based on a monthly deposit of $250 for twenty years. There will be no further contributions required after year twenty. The cash and insurance values are based on a dividend interest rate of 6% from a Canadian life insurance company.

Personalize Your Child Plan™

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

Why Child Plan™?

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