If you could provide your children and/or grandchildren with a better future through education would that be enough? Or being able to provide them with enough money for a down payment on a house or even their own pension plan?
The Legacy Plan is a way to help provide financial security for your children and grandchildren.
Unlike an RESP, The Legacy Plan will allow you to accumulate cash for your child or grandchild’s education that can be used at any school, anywhere. No restrictions. If your child decides not to go to college the money will continue to grow and can be used for any purpose you choose such as a down payment on a house, to purchase a car, or any other need.
Male child, age 1, monthly deposit of $100
Female, child, aged 1, monthly deposit of $200
*Based on current dividend scale. Refer to individual illustration. Rates subject to change.
With The Legacy Plan you can decide where and when to use the money. For any school, anywhere, no questions asked.
The money will continue to grow and can then be used for anything you choose. A down payment on a house, a car, whatever. There are no restrictions on what you do with the money.
Absolutely! This is where The Legacy Plan really shines. If the money is left in the plan it will continue to grow. The magic of money is time and the more time it has to grow the better.
You do! Unlike the RESP which has regulations about where and when and by whom it can be used, you control The Legacy Plan. As the owner / payor of the plan, you can decide how and when and where to use the cash.
Yes! You are also providing your child/grandchild with low cost permanent life insurance at rates that will never increase regardless of the child’s age or health.
This means that you will only be required to pay into the plan for 20 years. At the end of that time the plan is fully paid up and no further funding is required. Once it is fully paid the plan will continue to grow as dividends continue to be paid into it, minus any withdrawals.
The plan will have a contingent owner who will assume ownership of the plan. Typically this will be your child (if the plan is for your grandchild).
To book an appointment to learn more about The Legacy Plan please fill out
the form and we will contact you to arrange a convenient time