GROWS IN VALUE As They Grow
A small investment into a Whole Life policy pays for the insurance & accumulates a cash value for the child's future.
The cash value is the savings component of a whole life insurance policy. It also grows tax-deferred. The policy owner can borrow against the cash value or surrender the policy for the money at a later date. A certain portion of the cash value is guaranteed.
Most Canadian families receive a tax-free monthly payment (Canada Child Benefit) for each child in the home - an easy way to invest a monthly amount without drawing from other places in the family budget.
If a child develops a medical problem early in life they may not qualify for coverage later in life.
When a child is insured at a young age, they usually have guaranteed insurability for later in life - regardless of their future health. And they can even buy more insurance as an adult.
A Whole Life policy for a child provides them with guaranteed insurability as young as 14 days old. When the child is older, the policy is transferrable to them anytime after they turn 18 years old. It is also transferrable to a different parent or guardian at any time.
PROTECT A CHILD Against
Future Health Concerns
Parents aren't the only ones who can purchase a policy for a child. A grandparent, aunt, uncle or legal guardian can also give a child the gift of a secure future with a participating Whole Life Policy.
The cash value of the policy is a GIFT that can fund:
- Future Education
- A Down Payment For A First Home
- Future Business Ventures
- A Variety of Other Needs
GIVE A GIFT
For the Future