Why wait to build tomorrow’s Legacy?
Canadian Partners Financial offers a Legacy Banking account, a life insurance policy that provides a tax-free annual dividend every year for life.
benefits
This money can be used towards:
Any Education Program (worldwide)
Down Payment on a Home
Start a New Business
Any Financial Emergency
Request illustration to start securing your child’s future and creating a Legacy
Child's Information
How does Legacy Banking work?
Parents, grandparents, or legal guardians open a “participating” whole life policy that can be used to fund the child’s education (as early as 14 days after birth).
The Legacy BankingTM account:
• Provides a dividend return near to 6% on money deposited, easily accessible via policy loan.
• Can be transferred to your child, tax-free, any time after they turn 18 years old.
• Can be controlled by you even after transferring it to your child.
• Can be used for any type of post-secondary education including those not included on the RESP Designated Educational Institution list.
• Has cash value accounts that can be used for any purpose, including purchasing a car, home, business or even borrowing if your child is experiencing financial difficulties.
• Can be paid-up fully after 20 years.
Here’s a Quick Illustration
Age |
Cash Value |
Life Insurance Protection |
| 21 (education) | $72,861 | $545,414 |
| 60 (financial emergency) | $496,289 | $1,053,853 |
| 65 (retirement) | $621,109 | $1,154,403 |
This example is strictly for illustration purposes.
Sample illustration is based on $200 per month for twenty years, starting at the birth of the child. Cash and life insurance values are based on the current dividend interest from a Canadian life insurance company. The dividend interest rate is not guaranteed and may change in value.
Office
800-10 Kingsbridge Garden Circle
Mississauga, ON L5R 3K6
Hours
M-F: 9am – 6pm
Call Us
(905) 247-8102