How does Child Plan™ compare to RESPs?

Child Plan™ is the fastest growing alternative to RESP and a tax-free investment parents and grandparents can open for their (grand)child in Canada.

Your child can use Child Plan™ for any education program around the world and any financial need in life.

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Watch this 2 minute video to learn how Child Plan compares to RESPs.

What is Child Plan™?

Child Plan™ is a “participating” whole life insurance plan that provides your child security, flexibility and a head start for any financial need in life including education, down payment on a home, or starting a business.

Tried & True

Child Plan™ has been used by Canadian families since 1847 as a flexible savings plan for children’s future needs, for education, for business and life’s choices. The RESP government program was created a few decades ago and is limited to education only with restrictions and rules.

Study Anywhere

Cash values can be used for any university program, not only those on the RESP Designated Educational Institution list unlike RESPs.

Flexibility

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.

Any Program

Cash values can be used for any university program, not only those on the RESP Designated Educational Institution list unlike RESPs.

Life Insurance Too

It’s a life insurance plan, so your child will be permanently covered, regardless of any illness that may arise.

Lifetime Dividends

Cash values can be accessed anytime during your child’s life after all deposits are completed. RESPs can only be withdrawn once they’re enrolled in a pre-approved education program.

Sample illustration of Child Plan™ Cash and Insurance Values

Based on a Monthly Deposit of $225 per month

AgeAccumulated Cash ValueLife Insurance Value
21$77,369 (Education)$585,633
35$188,297 (House)$963,104
45$335,046 (Security)$1,247,642
65$977,644 (Retirement)$1,979,475

Sample illustration is based on a $225 monthly premium for twenty years, starting when the child is less than 1. Cash and life insurance values are based on the current dividend scale of 6.35% 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.

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Why Child Plan™?

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