Child Plan
Child Plan
overview
Children Plan – Savings & Protection that grows with your child

Children Plan is a unique combination of Registered Education Savings Plan (Resp) and Participating Whole Life Insurance to maximize your savings when you need money for the education or marriage of your child but also provides your child with life insurance for future protection. The best part about the plan is that both savings & insurance grow with your child. The funds can be used for: Any education plan around the world Any expenses required during the marriage Any financial need in this lifetime or offer to their family

How Children Plan grows like your child grows.

Children Plan includes Registered Education Savings Plan which doubles an education funds Children Plan includes Participating Whole Life Insurance which provides cash values and insurance that grows in value throughout your child’s life and for their future generations Children Plan can be given or transferred to your child for tax free anytime after they turn age 18.

Features and Benefits of Children Plan

Plan is a unique and optimum combination of Registered Education Savings Plan Plan and Whole Life Participating Plan Plan can be opened by Parents, Grandparents You can transfer the plan tax free to your child/grandchild any time after they turn 18. Cash Values can be used for any Education programme around the world. Plan is only payable for 20 years. No further deposits will ever be required. You or your child can use cash value for any financial need in life. Your child will be permanently covered for life insurance.

Sample illustration of MCP Cash and Insurance Values
Age Accumulated Cash Value Stages Life Insurance Value
18 $98,064 Education $229,086
31 $59,945 Marriage $314,857
45 $131,250 Security $440,986
65 $388,589 Retirement $714,257
85 $976,425 Family $1,209,386

Sample Illustration is based on $275 per month deposit for 20 years only and assuming plan starts when the child is less than 1 year old. Values and age 31, 45, 65 and 85 are illustrated assuming 72% of the funds at age 18 are used for education purpose. Cash and Insurance valued are based on current dividends scale from a Canadian life insurance Company and current rate of interest from Canadian RESP Plan Distributor. This example is strictly for illustration purpose only and values may differ.

Get a Free Quote
Product list
Life Insurance
Disability Insurance
Critical Illness Insurance
Mortgage Insurance
Health & Dental Insurance
Travel Insurance
Super Visa Insurance
Loan Insurance
Group Insurance
Non-Medical & Simplified Insurance
Investments
Contact us
Address office

170 Steelwell Road, Brampton, Canada
AND
6810 Caledonia st Niagara Falls - ON L2G5A9

CANADA

9057822013

Email

[email protected]

Insurance partners
Connect online
-->
How can we help?
SUPPORT
FAQ: What is a health insurance policy? Is it different from a mediclaim policy?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: What is NCB (No Claim Bonus)?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: What is the maximum number of claims I can make in a policy year?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: What are pre-existing conditions? Is here any waiting period for these conditions to make claims?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: What does a health insurance cover?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: Do I need to buy a health insurance policy even if I’m young and healthy?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: Is there any eligibility criterion for having health insurance policy?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: I already have a health insurance policy provided by my employer; do I still need to buy a separate one?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.