Blog

Learn About Insurance For Children on Global Morning on Monday, June 2

Tune into Global Morning!

Date: Monday, June 2nd

Time: 6:00AM – 9:00AM

Where: Channel 3 in most areas of Toronto (check the listings in your area for your Global channel)

With Father’s Day just around the corner, Michael Lampel, President of Insurance for Children will be educating fathers on what they can do to plan for their child’s financial future.

As many new fathers and fathers-to-be are starting to plan on how to best prepare for their child’s education and life, Michael will discuss how parents can prepare for their children’s “life needs” including education, home buying and other major milestones.

A recent survey showed that 82% of parents aspire to have their children attend university, and it suggests that more than half of parents believe that paying for a child’s education is the best investment you can make. However parents are deeply concerned about how to pay for a university education particularly when recent estimates put the cost of a 4 year undergraduate degree at $140,000 – $160,000 for children born this year. And these figures are after tax income.

Fathers and mothers want the best for the children. Parents want to give their children every advantage in life, like a good education, the ability to buy a home and financial security. But, they need a plan. Michael will be discussing ways to save for your child’s education including the ideal plan – Child Plan; it’s safe, reliable, a long term savings and investment product and is totally flexible. He’ll explain exactly what it is, how it works, why it’s effective and how it can benefit your family.

Tune into Global Morning on Monday, June 2nd from 6:00AM – 9:00AM and see Michael Lampel, President of Insurance for Children discuss these very issues, and the way that parents can help their children live their best lives and achieve their hopes and dreams.

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.

Request Illustration

*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.

Contact Us: childplan@insuranceforchildren.ca