
How Flexible is Child Plan™ vs. RESP?

Child Plan™ participating whole life plan is a secure, flexible and a tax free savings plan that can be opened by parents and grandparents, aunts or uncles.
-
Participating whole life plans have been used by Canadian parents to save for their children’s future education and life since 1847.
-
With a Child Plan™ participating whole life plan, your child will receive a tax-free annual dividend every year for life.
-
Your Child Plan™ participating whole life plan have no restrictions or fees for your child's future education whether they pursue it in Canada or anywhere in the world.
Child Plan™ participating whole life plan allows your child the flexibility to use the cash value for any financial need in life including education, buying their first home, starting a business for whatever their future dreams may be.
Sample Child Plan™ illustration of cash and Insurance values for a child starting at age one
Age
Accumulated Cash Value
Life Insurance Value
21
$82,568 (Education)
$612,728
35
$177,953 (House)
$899,621
45
$303,299 (Security)
$1,115,297
65
$834,276 (Retirement)
$1,666,824
Sample illustration is based on a monthly contribution of $250 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 5.2% from a Canadian life insurance company. This example is strictly for illustration purposes. The dividend scale is not guaranteed, and values may differ.
Create your personalized Child Plan™ illustration for your Child's future

Copyright © 2023 Insurance for Children