Education

Child Plan™

Child Plan "Participating" Whole Life insurance
provides your (grand)child an annual tax free
dividend 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
  • Any financial need in life
  • Personalize Your Child Plan™
  • Request an illustration to see the cash and insurance values of
    the Child Plan you create based on your monthly contribution.

Child Plan™

Child Plan "Participating" Whole Life insurance provides your (grand)child an annual tax free dividend 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
  • Any financial need in life
  • Personalize Your Child Plan™
  • Request an illustration to see the cash
    and insurance values of the Child Plan
    you create based on your monthly
    contribution.

Permission to think big.

Whatever and whoever your little one wants to be when they grow up, this plan will help you support them, starting with fully funded education.
  • It can be used for any program of study around the world, including university and skills-based learning.
  • It can be used for education beyond the classroom.
  • Child Plan™ continues to grow after your child finishes their education.

How Child Plan™ Grows For Their Education

  • 1.Child Plan™ is a “Participating whole” life insurance
    plan for your child that doubles as an education fund
  • 2.Guaranteed cash value grows tax-free from
    the day you open it
  • 3.Annual tax-free dividends for life
  • 4.Child Plan™ can be given as a tax-free gift anytime after your child turns 18
  • 5.Child Plan™ includes permanent life insurance that grows in value throughout your child’s life regardless of any health issues that may arise

Sample illustration of Child Plan™ Cash and Insurance Values

Age Accumulated Cash Value Life Insurance Value
21 $75,352 (Education Fund) $570,319
35 $185,540 (Down Payment) $949,412
45 $332,077 (Security) $1,240,840
65 $990,023 (Pension) $2,005,128
Age Accumulated Cash Value Life Insurance Value
21 $75,352
(Education Fund)
$570,319
35 $185,540
(Down Payment)
$949,412
45 $332,077
(Security)
$1,240,840
65 $990,023
(Pension)
$2,005,128

Sample Illustration of a Child Plan™ Cash and Insurance Value is based on a deposit of $2600 annually ($216 monthly) for twenty years starting when your child/grandchild is less than 1 years old. The cash and insurance values shown are based on the illustration of a "participating" life insurance plan from a Canadian Life Insurance Company and is based on an average annual dividend scale of 6.5%. This example is strictly for illustrative purposes only and while the "Plan" includes "cash value" and " life insurance" the dividend scale is not guaranteed and the actual values may differ.

Personalize your Child Plan™

Features and Benefits of Child Plan™

icon1 You can open a plan for your child as early as 14 days after birth
icon1 Cash values can be used by your child for any financial need in life including education, down payment on a home, starting a business and even to provide financial security for their future family
icon4 Because it’s a life insurance plan, your child will be permanently covered, regardless of any illness that may arise
icon1 You can transfer ownership of Child Plan™ tax-free to your child anytime after they turn 18
icon1 Child Plan™ can be opened by parents, grandparents, aunts and uncles or legal guardians
icon1 You can control the use of the cash values even after transferring ownership of Child Plan™ to your child
icon1 Cash values can be used for any university program, not only those on the RESP Designated Educational Institution list
icon1 Cash values can be accessed anytime during your child's life after all deposits are completed
icon1 It’s completely funded after a 20-year period. No further deposits are required
icon1 You can use your annual dividends towards the annual deposits

Why Child Plan™?

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