Dream big: Why have financial plans for your child?


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, alongside an excellent education. Instead of ultimately struggling financially, why not start early and invest in a savings and insurance plan for your child?

The burning question that you’re bound to hear from a parent is, “How do I go about making financial plans for my child?” A crucial question, but do know that there are alternatives to look into. Starting a fundamental financial plan for your child’s future can be accomplished with a flexible RESP (Registered Education Savings Plan) alternative called Child Plan™. Child Plan™ is a participating permanent whole life insurance plan endorsed by three leading Canadian life insurance companies. It can give your child the opportunity and leverage to:

  • Put a down payment on or purchase their first home;
  • Dream big and seek schooling anywhere around the world;
  • Use the funds to create their first start-up company;
  • Save the investment to use as financial security once they have their own offspring.

The return on investment on this important decision will exponentially pay for itself in the long run. Take the right first step to financial freedom for your children today and complete your personalized illustration.

Sample illustration of Child Plan™ Cash and Insurance Values

Based on a Monthly Deposit of $250 per month

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 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 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.

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*illustrations are reflective of the annual premium amount

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.

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