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Category: Financial Planning

June 14, 2021 - Posted In: Financial Planning, Millenial, Parents, RESP

Is The RESP Outdated?

Millennial Parents’ Guide to Financial Planning Is the RESP outdated? Will it actually be able to help our children 18 years from now? Both excellent questions and we are so glad you asked.  Let’s go Back in Time The RESP started back in 1972 and was used to help parents save money […]

May 20, 2018 - Posted In: Financial Planning, Insurance, Parents, RESP

Canada Child Benefit Is Like Free Money For Your Child’s Future!

Think about the Canada Child Benefit (CCB) like this: what would you do if you found $100 bill on the sidewalk in front of your house Every Month? How happy would you be? Now for the philosophical question: would you spend it or save it? If you’re like most people today, you’d […]

May 19, 2018 - Posted In: Financial Planning, Millenial, Parents, RESP

Canada’s Child Benefit vs. RESP: Which is better for my child’s future?

Millennial Parents Guide To Financial Planning For Children The average Canadian family with two kids will get about $200 more next year and about $500 more in 2019 through the Canada Child Benefit (CCB). And that’s just one advantage. _____ The recent increase in the CCB was a welcomed gift to families […]

October 18, 2017 - Posted In: Financial Planner, Financial Planning

insuranceforchildren Designated an MGA by Blue Cross®

October 16, 2017, Toronto, On – InsuranceforChildren, Canada’s leader in financial planning for children and creator of Child Plan™, Canada’s fastest growing Digital children’s investment brand and Blue Cross®, ranked Canada’s #1 health insurance provider in 2017* is pleased to announce that insuranceforchildren has been designated as an MGA (Managing General Agent). […]

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 […]

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 […]

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