Grandchildren

Child Plan™ For
GrandChildren

Because it feels right.
Give your grandchildren the gift of financial
security to pursue their dreams.
  • The only tax-free gift available for
    grandparents
  • Its cash values grow tax-free throughout your
    grandchild's life from the moment you open the plan
  • Child Plan™ earns annual tax-free dividends
    for life

Child Plan™ For
GrandChildren

Because it feels right.
Give your grandchildren the gift of financial
security to pursue their dreams.
  • The only tax-free gift available for
    grandparents
  • Its cash values grow tax-free throughout
    your grandchild's life from the moment you open the plan
  • Child Plan™ earns annual tax-free dividends
    for life

Child Plan™ For GrandChildren

Give your grandchildren the gift of financial security to pursue their dreams.
  • A tax-free gift available for grandparents.
  • Its cash values grow tax-free throughout your grandchild’s life from the moment you open the plan
  • It earns annual tax-free interest and dividends throughout their life

How Child Plan™ Works For Your Grandchildren

  • 1.Child Plan™ is a “Participating whole” life insurance plan combining guaranteed cash values, lifetime tax-free dividends and permanent life insurance
  • 2.Child Plan™ provides cash values that can be used by your grandchild for any financial need including education, down payment on a first home or to start a business
  • 3.Child Plan™ includes permanent life insurance that grows in value throughout your grandchild’s life regardless of any health issues that may arise

Why Child Plan™?

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 Child Plan™ for your grandchild as early as 14 days after birth
icon1 Child Plan™ allows you to transfer wealth to your future generations tax-free
icon1 You’ll save up to 25% in total cost of a Child Plan™ by pre-funding it in full
icon1 Child Plan™ can be funded with personal or corporate proceeds
icon1 Cash values are controlled by you as an owner of Child Plan™ until you transfer ownership tax-free and fee-free to your child or grandchild
icon1 Participating Life insurance plan owners have received annual dividends for over 100 years
icon1 The plan earns annual tax-free dividends throughout your grandchild's life from the day it’s opened
icon1 Permanent fully paid up life insurance values grow throughout your grandchild's life, from the day Child Plan™ is opened
icon1 Life insurance values are paid to future generations tax free
icon1 Grandparents over the age of 64 can use non-­registered RRSPs or RRIFs to fund Child Plan™
icon1 You can transfer ownership of Child Plan™ tax free to your child to hold in trust for your grandchild any time
icon1 Ownership of your Child Plan™ can be transferred outside your estate tax free. Cash and insurance values are not subject to income tax, estate fees or probate fees

Have a Question?

Connect with our family advisors to get started.