Invest in your child's future
The Silver Spoon Baby™ Plan is an asset class of life insurance called participating whole life insurance.
Grow funds while using childrens Permanent Life Insurance.
Flexibility to use the funds for your child's current needs while also ensuring that the remaining balance grows over time to address future expenses such as education, wedding, down-payment for a home or unexpected events.
Tax-Advantaged Growth
Allows the cash value of the policy to grow on a tax-advantaged basis.
Tax-advantaged Income
Withdraw or borrow against the cash value of the policy without incurring income taxes.
Guarantees
Once a dividend is paid, it is 100% vested and can never be taken away. Plus, the cash value of the policy will never decrease, regardless of market conditions.
Cash Values
Cash values can be used by your child for any financial need in life including higher education, wedding or down payment on a home.
Our plans
Choose Your Plan
We offer plans to suit every family's needs. Below are 3 different case scenarios for a 1 year old boy.
Plan A: $150/mo from age 1 to age 21
| Cash Value | Death Benefit | |
|---|---|---|
| 21 | $42,531 | $332,573 |
| 35 | $83,264 | $396,106 |
| 65 | $355,360 | $654,096 |
| 75 | $552,479 | $798,031 |
*Sample illustration is based on a $ 150 monthly premium for twenty years starting when the child is less than 1. Cash and life insurance values are based on a current dividend scale of 6.2% from a Canadian Life Insurance Company. This example is strictly for illustration purposes only.
Plan B: $250/mo from age 1 to age 21
| Cash Value | Death Benefit | |
|---|---|---|
| 21 | $71,576 | $559,695 |
| 35 | $140,645 | $669,006 |
| 65 | $620,140 | $1,108,338 |
| 75 | $936,494 | $1,352,209 |
*Sample illustration is based on a $ 250 monthly premium for twenty years starting when the child is less than 1. Cash and life insurance values are based on a current dividend scale of 6.2% from a Canadian Life Insurance Company. This example is strictly for illustration purposes only.
Plan C : $500/mo from age 1 to age 21
| Cash Value | Death Benefit | |
|---|---|---|
| 21 | $145,837 | $1,140,382 |
| 35 | $288,565 | $1,372,321 |
| 65 | $1,242,661 | $2,287,338 |
| 75 | $1,933,998 | $2,793,517 |
*Sample illustration is based on a $ 500 monthly premium for twenty years starting when the child is less than 1. Cash and life insurance values are based on a current dividend scale of 6.2% from a Canadian Life Insurance Company. This example is strictly for illustration purposes only.
The Silver Spoon Baby™ Plan is an asset class of life insurance called participating whole life insurance. Each policy has a guaranteed cash value and every year, a tax-free dividend is paid into this cash value. These policies have existed since 1847, and a dividend payment has never been missed.
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Financial Protection
Insuring your child can provide financial protection in case of unexpected events.
Peace of Mind
Having insurance for your child can give you peace of mind and reduce stress.
Future Planning
Buying insurance for your child can help secure their financial future.
Affordable Rates
Insurance for children often has lower rates and can be more affordable than adult insurance.