Invest in Your
Child's Future
education and dreams

Child Plan™ provides predictable, tax-free growth to help you save for your child’s future financial needs including post-secondary education, a home down payment, a business start-up or any other dream they have.

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Child Plan™ Sample illustration

Based on a $250 monthly contribution
Age
Cash Value
Goal
Life Insurance
20
$78,093
Education
$487,368
35
$197,306
Home Downpayment
$784,623
45
$353,938
Business Start-Up
$1,029,068
65
$1,064,064
Retirement
$1,796,856
This sample illustration is based on contributions over 20 years for a male under the age of one.  The projected values are based on a Canadian insurance company's current dividend credit rate of 6%.  
Child Plan Quote

Child Plan™ Sample illustration

Based on a $150 monthly contribution
Age
Cash Value
Goal
Life Insurance
20
$44,193
Education
$275,804
35
$111,995
Home Downpayment
$444,020
45
$200,294
Business
Start-Up
$582,464
65
$602,221
Retirement
$1,016,858
This sample illustration is based on contributions over 20 years for a male under the age of one. The projected values are based on a Canadian insurance company's current dividend credit rate of 6%. This example is for illustrative purposes only.
Child Plan Quote

Child Plan™ Sample illustration

Based on a $75 monthly contribution
Age
Cash Value
Goal
Life Insurance
20
$20,826
Education
$129,975
35
$52,779
Home Downpayment
$209,248
45
$94,391
Business
Start-Up
$274,492
65
$283,800
Retirement
$479,201
This sample illustration is based on contributions over 20 years for a male under the age of one. The projected values are based on a Canadian insurance company's current dividend credit rate of 6%.  
Child Plan Quote
feel secure

Products that
protect and reward

When it came near enough he perceived that it was not grass, there were no blades, but only purple roots.

Child Plan™ is a financial vehicle that parents, grandparents, aunts, uncles and guardians can set-up to help prepare their children in light of current economic trends such as...

Child PlanChild Plan™ is a financial vehicle that parents, grandparents, aunts, uncles and guardians can set-up to help prepare their children in light of current economic trends such as...

  • Rising education costs that can result in years of debt upon graduation
  • Parents loaning or gifting money to their children for their first home down payment due to skyrocketing real estate prices in Canada
  • The increasing number of high school grads starting their own businesses
Child Plan Quote

How do these plans compare?

CHILD
PLAN
RESP

Government grant

Tax sheltered investment growth

Complete flexibility on how the savings are used

Enough to fund your child's education choices

Investment growth for life

Paid up life insurance for life

Our insights

Over the years we have gained some experience. Every week we like to share them with you. Check in with our blog.

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FAQ

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Frequently asked questions

What is the bright start Child plan?

The Bright Start Child Plan is a participating whole life insurance plan that has a tax-sheltered investment component.  Parents and grandparents have been opening this plan for their children and grandchildren in Canada as far back as 1849.

What is "participating" whole life?

It is tax-efficient asset accumulation vehicle providing guaranteed cash values along with lifelong life insurance coverage.

How much can we save for our child's future?

Please click on the "Request Personalized Illustration" to select different savings options for your child.

What happens if my child does not go to school?

That is a major advantage of the Child Plan over the RESP plan as there are no restrictions on how the funds are used and no penalties are imposed.

Who can open a plan?

Parents, grandparents, aunts, uncles and legal guardians.

How old does my child have to be to open a plan?

You can apply once your child is 14 days old.

Is there a minimum monthly contribution amount?

The minimum monthly contribution is $50.

How do I open a plan?

In order to open a plan we would book a short call to complete an application.  Get started by requesting a free illustration.

How safe is this product?

Very safe!  This plan is with Canadian insurance companies dating back over 100 years.  There is also a non-profit organization called Assuris that protects plan holders from loss.        www.assuris.ca

Is this plan also available for adults?

Yes!  Parents often ask this question when they see the savings potential of the Child's Plan.  Parents tend to open this plan in addition to or in place of an RRSP plan as this plan can be more tax-efficient .