MILIFE Children Plan – Savings & Protection that grows with your child
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.
Sample illustration of MCP Cash and Insurance Values
|Age||Accumulated Cash Value||Stages||Life Insurance Value|
*Based on a Monthly Deposit of $275 per month
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.