What’s Your Child’s Financial Plan?


Planning ahead for your child’s future is second nature as it is to all parents.

From the moment they’re born you want to support them to the best of your emotional and financial ability to see them succeed in life.

First up, the best car seats and strollers to ensure their safety which can cost as much as $1,000 per item. But they’re worth it because they’re your children and they’re priceless. Followed by the best child care so they’re engaged and warmly cared for while you work hard to provide for them, which will cost tens of thousands of dollars per year, but their happiness is very important to you. Then the best public or private primary and secondary education to ensure they have a solid foundation for their future, which can go as high as hundreds of thousands of dollars over twelve years, but they’re worth it because you want them to succeed in life. However, the one thing you know will be key to their financial success as adults is a good post secondary education which according to all reports will cost your child more than $100,000 when they start university in 2030 if they were born in the last 3 years.

All these events are your investment in your child’s future, and to ensure you’re able to provide these important milestones for your child you created a financial plan (roadmap) for yourselves to ensure you not only have the means to provide these advantages to them but also for your own financial security in later years. So if we have our own financial plan to guarantee our financial security, why don’t we as parents create a financial plan (road map) for our children as young as 1 years old to ensure their financial future as adults ?
You already know the challenges your child faces when they graduate university in 2033 because you’re going through it now. You have plenty of time to create a financial plan (road map) for your child’s future, because if you don’t, this is what they can expect and what you will have to financially help them with.

  • Students who receive funding through the Canada Student Loans Program (CSLP) today are graduating with an average loan debt of $28,495.
  • It is estimated that the outstanding student debt owed to the CSLP is over $16 billion, as of 2013. (Canadian Federation of Students 2013 report) and over $30 Billion when you include private borrowing from bank debt and that.
  • It takes on average over 14 years to repay student debt*.

If you believe this is waiting for your child’s future, then don’t hesitate and create a financial plan for your child’s future starting today to guarantee they will have a secure financial future.

Insurance For Children is Canada’s leading company focused on providing families with personalized advice and solutions to create a financial plan for their child’s future to empower them to follow their dreams as adults.

For more information on how to create a financial plan for your child, please contact and ask to speak with a Family Advisor about your goals and options for your child’s future.

*(Financial Post Student debt: Average payback takes 14 years, September 4, 2012)

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.

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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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*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.

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