MILIFE Children Plan is the only savings plan in Canada which provides your child a head start for any future financial need in life like education, marriage, down payment on a house or retirement income. This plan provides you with the best use of Canada Child Benefit (CCB) for your children's future.
*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.
Request an Illustration to see how much cash value/insurance your child will have for their education and for life.
*Illustrations are reflective of the annual premium amount