A Guaranteed Return Policy (GRP) is a specifically designed Participating Whole Life Insurance Policy. The plan provides 3 major benefits:…
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What Is Participating Whole Life Insurance?
- CANADIAN CHILD SAVINGS PLAN
Participating whole life insurance allows the policy owner to “participate” in the insurance company's profits. They provide guaranteed cash values…
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Is GRP An Resp?
- CANADIAN CHILD SAVINGS PLAN
No. It is not. An RESP (Registered Education Savings Plan) is a government program whereby the government, through the CESG…
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How Much Do I Need To Contribute To A GRP?
- CANADIAN CHILD SAVINGS PLAN
There are no hard and fast minimums or maximums. The ideal amount will depend solely on your family budget. While…
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How Long Is The Contribution Period?
- CANADIAN CHILD SAVINGS PLAN
Your GRP Plan will be completely paid up for life, after 20 years of contribution.
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Which Is The Best Way To Fund This Plan?
- CANADIAN CHILD SAVINGS PLAN
Each parent or guardian receives the Canada Child Benefit (from the government) from birth to age 18 for each child.…
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Who Can Open A GRP Plan For A Child?
- CANADIAN CHILD SAVINGS PLAN
A GRP can be opened by a parent, grand parent, aunt, uncle or legal guardian of the child.
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What Are The Tax Implications Of A GRP Plan?
- CANADIAN CHILD SAVINGS PLAN
All dividends paid into the plan are tax-free. All values accumulate in the plan tax-free. On the death of the insured child,…
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How Safe Is The Plan?
- CANADIAN CHILD SAVINGS PLAN
The core of the plan is a Life Insurance policy which is backed by one of Canada’s Largest Insurance companies.…
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Will I Know How Much The GRP Will Grow During My Child’s Life?
- CANADIAN CHILD SAVINGS PLAN
Yes. You may request a Free Personalized Planning Tool which will give you a complete breakdown of the growth of…
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What Is A Free Personalized Planning Tool?
- CANADIAN CHILD SAVINGS PLAN
This is a personalized analysis designed specifically to your child’s age, gender and your chosen contribution amount. It will detail…
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How Does One Access The Money In The Plan?
- CANADIAN CHILD SAVINGS PLAN
All cash values in the plan can be accessed by either termination the plan, or by taking what is called…
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How Can I Open A GRP Plan?
- CANADIAN CHILD SAVINGS PLAN
You can easily get started by requesting a Free Personalized Planning Tool. We will connect you with one of our…
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