Blog

LGBT Couples and Saving for Your Child’s Financial Future

Toronto is the proud host of WorldPride this year from June 20 – 29, celebrating the history, diversity and future of the LGBTTIQQ2SA – Lesbian, Gay, Bisexual, Transsexual, Transgender, Intersex, Queer/Questioning, 2 Spirited, Allies – communities in Toronto and around the world.
LGBTQ (most commonly used acronym) families are thriving in Canada, having grown by 42% since 2006. And same sex marriage in Canada has nearly tripled from 2006 – 2011.

Although Canadian families are a diverse group, they all share one thing in common – a love of our children and a desire to give them the best of everything in life. The challenge remains as to how we can protect our children’s financial future. As parents we are concerned about providing our children with the best education possible, realizing that a good education opens doors and opportunities for the future.

Insurance for Children is a company that is entirely focused on the financial futures of all children. We created Insurance for Children, a company that empowers parents and grandparents to create a solid financial foundation for their children and grandchildren. Our variety of customized insurance products has been used by Canadian parents to save for their children’s futures for over 100 years because they are secure, stable and safe, long term investments. Child Plan Education Achiever will pay for any education program worldwide; not only those approved by the government. It is totally flexible and can be used even if your child doesn’t pursue post secondary education to buy a house, start a business, or as a source of income.

Contact Insurance for Children today. Let us show you how you can protect your children’s financial futures. We look forward to welcoming you into the Insurance for Children family. Celebrate with pride!

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

Have a question about Child Plan or wish to speak with a Family Advisor?