Could this be the most powerful financial gift you give your child?
A Universal Life Insurance policy locks in your child's insurability for life, builds guaranteed cash value, and costs a fraction of what it will when they're older.
Day 1
youngest age you can lock in lifelong insurability
0%
tax on cash value growth inside a child life insurance policy
$100/mo
typical starting premium locked in at birth
Guaranteed
insurability locked regardless of future health
Child Universal Life insurance is one of the most powerful financial tools available for Canadian families. It locks in insurability, builds tax-free cash value, and creates a foundation for your child's financial future — starting from birth.
Your Child's Policy
Child Information
The younger the child, the lower the premium for life.
Child UL locks in this rating for life.
Policy Details
Premiums are level for life — they never increase.
Coverage Amount: $132,000
Coverage amount is based on premium and child's age.
Inside the policy, tax-sheltered growth.
Extra deposits go directly to tax-sheltered cash value.
Projection Milestones
Want to see exact numbers for your child?
Get a Free IllustrationPROJECTED CASH VALUE (AGE 25)
Tax-sheltered growth inside the policy
Total Premiums Paid
$30,000
Cash Value
$35,731
Death Benefit
$167,731
Return on Premiums
1.2x
Milestone Projections
| Age | Total Premiums | Cash Value | Death Benefit | Net Gain |
|---|---|---|---|---|
| 18 | $21,600 | $20,952 | $152,952 | -$648 |
| 25 | $30,000 | $35,731 | $167,731 | $5,731 |
| 35 | $42,000 | $68,166 | $200,166 | $26,166 |
| 50 | $60,000 | $160,119 | $292,119 | $100,119 |
| 65 | $78,000 | $354,482 | $486,482 | $276,482 |
Cash Value Growth
Why Child Universal Life?
LOCKED INSURABILITY
Once issued, your child is insured for life regardless of future health conditions. A diagnosis of diabetes, cancer, or any illness after the policy is issued cannot affect coverage.
TAX-SHELTERED GROWTH
Cash value grows tax-free inside the policy. When accessed through a policy loan, it can be withdrawn tax-free — a powerful retirement or education funding strategy.
LEVEL PREMIUMS FOR LIFE
The premium set today never increases. A $100/month policy started at birth costs $100/month at age 50. Starting early locks in the lowest rate available.
CHILD'S FUTURE ASSET
At age of majority, ownership transfers to the child. They inherit a paid-up asset with cash value they can use for education, a home down payment, or retirement.
Child UL vs RESP
RESP
- Government grants up to $7,200.
- Must be used for education.
- No insurance component.
- Flexible contributions.
Child UL
- Tax-sheltered for any purpose.
- Lifelong insurance.
- Locked-in insurability.
- Can complement RESP perfectly.
Many families use BOTH — RESP for education grants, Child UL for lifelong protection and flexible tax-sheltered savings.
What is Universal Life for children?
It's a permanent life insurance policy that covers your child for their entire life. Unlike term insurance, it never expires and includes a tax-sheltered investment component called cash value.
Why starting early matters
Premiums are locked in at childhood rates, the lowest they will ever be. More importantly, it guarantees your child will always have coverage, regardless of any health issues they may develop as adults.
How cash value works
A portion of your premium goes into an investment account that grows tax-free. This money can be accessed later in life to help with education costs, a first home down payment, or even retirement.
Get a Free Policy Illustration
See exact numbers based on your child's age and your budget.
Starting a $100/month policy for your 0-year-old child today means $30,000 in total premiums paid by age 25, with a projected cash value of $35,731 — a 1.2x return on every dollar you put in, completely tax-sheltered. And your child is insured for life regardless of future health.
THE BEST TIME TO START IS TODAY
Every year you wait costs more in premiums and loses years of tax-sheltered compounding. Book a free call and we'll show you exactly what a policy looks like for your child's age and your budget.
BOOK FREE CONSULTATIONThis calculator provides projections for illustrative purposes only. Universal life insurance products and returns vary by insurer and policy. Cash value projections are not guaranteed. Always consult a licensed insurance advisor before purchasing coverage. Sarah Lovett is licensed in [PROVINCE] ([LICENSE NUMBER]).
