Home -> Future for Kids
Gift your child a "future"
One simple decision and start counting potential benefits
Better than RESP
Your contribution and any government support locks in Registered
Education Saving Plan (RESP) for single purpose, to finance the
higher education. What if your kid never uses that money?
Investing similar amount of money with a well applied approach
can open up a number of potential uses of same accumulated fund.
Flexibility
This product comes with in-built flexibility to use the
accumulated money for meeting major needs of your kid’s life.
For example
At age 20 Pay college fee
Or
At
age 35 Pay down- payment first house
Or
At age 45
Fund to start a business
Or
At age of 65 Use it
post retirement
Extra cash annually
Let’s say your child decides not to use this money for any of the
milestone listed above.
Starting at the age of 26 your kid
will receive almost $4800 yearly. That’s like free extra money to
spend on vacation or any luxury gift each year!
Post retirement income
Another way to enjoy this accumulated wealth by the age of 65 you
can choose to receive almost $35,000 per year. That’s almost like
half of the expenses to meet your day-to-day needs.
Life Coverage
Everyone needs life insurance. This product provides in-built
life coverage for your child. The insurance coverage amount grows
along with age of your child.
So what’s the catch !
You may ask why you never heard of this product before. That’s because you only an experienced adviser can apply a well planned strategy to reap full benefits of this product.
What’s next step?
Curious to know more?
It doesn’t cost anything to learn
or talk. So send us your query or schedule a meeting. No
obligation or commitment required.
Gift your child a "future"
Parents feel proud of their child's smallest achievement. Your
child will feel proud of your choice because of this product which
can support more than just the education.
Average CCB of $200 monthly payment can pay college fee or first
house's down-payment or even a significant post-retirement income.
Age
Cash
Value
Life Insurance
21
$62,468 (Education)
$392,743
35
$141,136 (House)
$636,110
45
$248,446 (Business)
$818,355
65
$699,823 (Retirement)
$1,290,350
Disclaimer: Example is based on 6.2% rate of return for a 1 year old child saving $200 per month for twenty years with a starting coverage around $200,000. The actual results for cash values and life insurance are not guaranteed and may vary.
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support@money-simple.ca
9900 McLaughlin Road N
