Blog

Author: Michael Lampel

October 11, 2017 - Posted In: Financial Planning, RESP

68% of Parents Would Not Have Saved With RESP For Their Children’s Education

Parents have started to realize that the RESP is not the solution to their children’s education costs but may be the beginning of their problems. For over 20 years the banks, group RESP companies, and governments have promoted to new parents that the RESP is the only solution to saving for their […]

September 19, 2017 - Posted In: Financial Planning, Parents, RESP

Why the RESP could deny children the freedom to choose their own path

Is this it? Is the RESP the only option for my child’s future? As parents, we want our children to have a better life than us. But today our children are drowning in student debt. When I went to university my tuition in Montreal was $960 a semester. When I graduated I […]

September 1, 2017 - Posted In: Financial Advisor

Summer Sizzle Contest Winner

We’re thrilled to announce that Jane Cotnam an incredible Family Advisor as the winner of the Insuranceforchildren Summer Sizzle Contest of two plane tickets to anywhere in the Continental US. Thank you, Jane and Bon Voyage… Insuranceforchildren team

August 28, 2017 - Posted In: Financial Planning, Millenial, Parents, RESP

Banks Push RESP to Get you Hooked

You’d think the 2008–2009 debacle would’ve shaken some sense into the country’s money people. You’d think it would’ve forced them to question everything they do. You’d think they’d see that the same old way was clearly not the way. And you’d think they’d have started with probably the most important issue we […]

MGA Hosting Family Advisor Training Program

There are a variety of educational options available for advisors in the Canadian marketplace, but only one dedicated to financial planning for children. That’s according to Michael Lampel, founder of MGA insurance for children and host of a series of training programs for advisors keen to learn more about life insurance for […]

July 28, 2017 - Posted In: Financial Planning, Millenial, Parents

Your Child’s Future Doesn’t Yet Exist: Don’t Let Your Plan Limit Their Options

70 to 80 percent of jobs will disappear in the next 20 years, according to research. Technology is transforming industries at an incredible rate – and this will only continue. Just look at what Tesla did to the taxi industry and oil companies. Our children’s future is getting more difficult to predict […]

June 8, 2017 - Posted In: Financial Planning, Millenial, Parents

Is a $900 Stroller Planning for My Child’s Future?

Millennial Parents’ Guide to Financial Planning For Children! When did doing the best for our children get so expensive? As if sleep deprivation, physical exhaustion, brain fog, and loss of personal identity wasn’t already enough to cope with, parents have another battle to confront: avoiding the temptations of 21st-century consumption. Our social […]

May 25, 2017 - Posted In: Financial Planning, Millenial, Parents

How I Plan to Save My Child From Crippling Student Loan Debt

Millennial Parents’ Guide to Financial Planning I never imagined I’d still be paying off my student loans when I had my first baby. After all, student loans weren’t something my baby boomer parents ever complained about. Even if they graduated with around $10,000 worth of student debt in the late ‘80s (about […]

March 29, 2017 - Posted In: Financial Planning, Millenial, Parents, RESP

Why Banks Won’t Tell You About Any Alternatives To RESP

Banks won’t tell you about Participating Whole Life Insurance plans as an alternative to RESP for your child’s education and future. For over a century, banks were viewed by Canadian families as trusted community partners who provided advice to help manage their financial lives. You walked into your branch, spoke with your […]

March 20, 2017 - Posted In: Financial Planning, Parents, RESP

What to know about RESP fees and RESP interest rates in Canada

Canadians have always believed their Banks could be trusted for advice on where to invest for their future and their money and their children’s. But that is now in question when the CBC exposed that bank employees are forced to sell and at times deceive customers on fees they pay and load […]

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