GIVE YOUR CHILD OR GRANDCHILD A FINANCIAL HEADSTART
WHAT IS THE LEGACY PLAN FOR CHILDREN
It is a participating whole life plan that accumulates minimum guaranteed cash values and annual tax free dividends for life.
Imagine depositing money into a plan for a limited time (8,10 or 20 years) and at some point your child or grandchild can withdraw every dollar you deposited and use it for any purpose, and still have money accumulating for life, plus they have permanent life insurance...
Insuring a child is not morbid, it is actually a very smart thing to do. The plan pays them tax free for life, they can use the money as they see fit (no restrictions on how they can use the funds) and the plan also creates an immediate guaranteed tax free inheritance for their unborn children - It is a TAX FREE GIFT that pays for life
USING THE CHILD CARE BENEFIT TO CREATE WEALTH
One of our clients pointed out to us that using the Canada Child Benefit (aka baby bonus ) to create a tax free legacy for her son as well as an immediate inheritance for her unborn grandchildren made a lot of sense.
She said "I pay too much in taxes already so why not use their money to generate tax free wealth for my child and also create an immediate guaranteed tax free inheritance for my unborn grandchildren?"
Some smart financial planning today will provide guaranteed funds to pay for their education, purchase their first car, provide a down payment on a home, or use for any purpose they wish as there are no restrictions