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Kids Wealth Building Plan

Give your child permanent protection and a financial head start.

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Happy parent and child discussing future financial planning

SECURE THEIR FUTURE

WHOLE LIFE INSURANCE: Coverage designed to last

For Life

Whole life is permanent insurance designed to protect your family’s financial wellness over the long run.

Lifetime

Consistent coverage that stays with you, safeguarding your loved ones while the policy remains in force.

Level

Enjoy a predictable premium structure under the selected contract, meaning costs will never unexpectedly rise.

Cash value

Guaranteed long-term cash value builds inside the policy, acting as an asset for your family’s future.

PLAN ESSENTIALS

The Six Pillars of Secure Wealth

A permanent life insurance policy designed specifically for children, combining lifelong protection with guaranteed wealth accumulation.

1. LIFE: Permanent Insurance

Provides guaranteed lifelong coverage that locks in protection from childhood, securing your child’s insurability against any future health changes.

2. PAY: Predictable Premiums

Benefit from locked-in, predictable premium schedules. Rates are guaranteed to never increase, making long-term planning simple and transparent.

3. VALUE: Guaranteed Cash

Policy accumulates guaranteed cash values over time. This creates a solid tax-sheltered financial reserve that they can access later in life.

4. DIV: Participating Dividends

Eligible to receive annual dividend payments, which can be automatically reinvested to purchase more coverage, compounding your child’s wealth.

5. ADD: Future Purchase Options

Allows purchasing additional coverage at specific ages or major life milestones, guaranteed without the need for medical exams or underwriting.

6. OWNER: Ownership Transfer

Policy ownership can transfer seamlessly to your child once they reach adulthood, handing them a powerful, tax-sheltered wealth asset.

Understand the Purpose

Whole life insurance and RESP solve different needs

They can sometimes complement each other, but one should not automatically replace the other.

Whole Life for a Child

  • Primary purpose is permanent life insurance protection
  • May build contractual cash value over time
  • No government education grant is attached
  • Accessing value may reduce the policy’s cash value or death benefit and may have tax consequences

RESP (Education Savings Plan)

  • Primary purpose is saving for eligible post-secondary education
  • May qualify for CESG and Canada Learning Bond incentives
  • Investment value may rise or fall depending on selected investments
  • Education withdrawals and unused-plan options follow RESP rules

Possible Future Uses

Explore strategic pathways to deploy accumulated wealth. Give your children a secure financial launchpad for their life milestones.

1. EDU (Education)

Funding for private schooling, higher education, or vocational training courses. Secure their academic journey early and step into adult life debt-free.

2. HOME (Future Goals)

Capital for a down payment on their first home, or seed funding to launch a first business. Open doors to critical early investments and entrepreneurial ventures.

3. LEG (Legacy & Estate)

Structure tax-efficient transfers and trusts. Build a solid estate foundation that acts as a generational safety net, protecting assets for decades to come.

planning for your kid?

Would a whole life plan fit your child’s future?

Review your family protection, RESP strategy, budget, and goals in a focused complimentary consultation.

Book Free Consultation

Kids Wealth Building Plan