Children Plan

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

Request Illustration

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

*Based on a Monthly Deposit of $275 per month

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.

Personalize Your Children Plan

Request an Illustration to see how much cash value/insurance your child will have for their education and for life.