What’s keeping you up at night? If you’re like most Moms, it’s retirement and paying for your children’s education. A recent poll by Nesbitt Burns found that:
- 83% of surveyed mothers are concerned about affording their ideal retirement
- 67% are worried about paying for their children’s education
- 40% of mothers stated that they or their family do not have a financial plan – potentially putting these families at risk of not being able to fund key life events
According to Charyl Galpin, co-head, BMO Nesbitt Burns, “Canadians feel they need, on average, more than $650,000 for retirement, and a post secondary education may cost as much as $140,000 for a child born in 2013.” The really daunting thing about these figures is that the projected cost of $140,000 for post secondary education is after tax income. How much will you have to earn to fund $140,000 in education costs? Even if you combine student loans and grants, it will merely be a drop in the bucket.
Insurance for Children is a company that is entirely focused on the financial futures of children. We’ve created Child Plan Education Achiever so that parents can help their children follow their dreams and achieve their goals in life. Our Child Plan Education Achiever can be used to pay for any education program worldwide; not only those approved by the government. Even if your child doesn’t pursue post secondary education it can be used to buy a house, start a business, or as a source of income.
Money can’t buy happiness but it can solve a lot of problems. Contact Insurance for Children today and let’s show you how with our Child Plan Education Achiever you don’t have to stay up worrying about how to pay for your child’s education. Insurance for Children pays for life!
