How Does One Access The Money In The Plan?
- CANADIAN CHILD SAVINGS PLAN
All cash values in the plan can be accessed by either terminating the plan or taking a policy loan for up to 90% of the cash value at any time. Policy loans are not taxable, and they may be repaid at any time. If not repaid, the insurance company will deduct the loan amount plus accrued interest from the death benefit upon the death of the insured child.