The Legacy Plan

For their future...

What would you like your legacy to be?

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?

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The Legacy Plan

Would you be interested in learning a way to provide all that and much more?

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.

Example 'A'

Male child, age 1, monthly deposit of $100

Cash Values
Age 21 $27,967*
Age 65 $398,566*

Example 'B'

Female, child, aged 1, monthly deposit of $200

Cash Values
Age 21 $59,629*
Age 65 $870,760*
Minimum Deposit of $25/month.

*Based on current dividend scale. Refer to individual illustration. Rates subject to change.

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FAQ

Frequently asked questions about The Legacy Plan.

Why is this better than an RESP?

With The Legacy Plan you can decide where and when to use the money. For any school, anywhere, no questions asked.

What if my child doesn’t go to college?

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.

Can this money be used as a pension plan for my child/grandchild?

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.

Who ultimately controls The Legacy Plan?

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.

It’s also a life insurance policy?

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.

What does it mean "paid up in 20 years"?

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.

What happens if I pass away before the 20 years?

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).

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