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The Gap in Wages Between High School Grads & Bachelor’s Degree Holders is Closing

According to a recent research paper published by Statistics Canada, the gap in wages between high school grads and bachelor’s degree holders is closing. Historically a university degree was seen as a guaranteed ticket to a much higher salary than a high school graduate could earn.

In 2000 – 2002:

  • Male high school graduates got just $0.68 for every $1.00 earned by young male bachelor’s degree holders
  • Female high school graduates got just $0.64 for every $1.00 earned by young female bachelor’s degree holders

In 2010 – 2012:

  • Male high school graduates got just $0.75 for every $1.00 earned by young male bachelor’s degree holders
  • Female high school graduates got just $0.68 for every $1.00 earned by young female bachelor’s degree holders

Although the gap is closing, clearly a post secondary education still pays; but is a post secondary education for everyone? Our children are all as unique as snowflakes and they each have their own gifts and talents which should be nurtured. How can we make sure that they will be able to follow their dreams?

Insurance for Children has created Child Plan. It is an entirely flexible savings and investment product that will provide for your children whether or not they decide to pursue a post secondary education. Child Plan will pay for any education program worldwide; not only those approved by the government. If your child doesn’t pursue post secondary education Child Plan can be used to buy a house, start a business, or as a source of income.

As parents we want the peace of mind of knowing that we can help our children achieve their potential and reach for the stars. Contact Insurance for Children and let us show you how.

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?