Give your children/grandchildren a financial headstart with

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Give your children/
grandchilldren a financial headstart with
Kid Start Whole Life Insurance Strategy*

Give your children/grandchilldren a financial headstart with

Kid Start Whole Life Insurance Strategy*

Give a child a financial head start with the Kid Start Whole Life Insurance Strategy

Unlike term life insurance whose premiums increase after every term, Whole Life Insurance provides coverage for an entire lifetime with premiums that never increase. Plus you can transfer policy ownership to your kids or grandkids tax-free AND give them access to the cash value savings in the policy for future financial needs.***

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Give a child a financial head start with the Kid Start Whole Life Insurance Strategy

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Unlike term life insurance whose premiums increase after every term, Whole Life Insurance provides coverage for an entire lifetime with premiums that never increase. Plus you can transfer policy ownership to your kids or grandkids tax-free AND give them access to the cash value savings in the policy for future financial needs.***

This is the power of the Kid Start Strategy

4icons

1.Parent/grandparent

Buys a Participating Whole Life insurance policy for your child or grandchild

2.Whole life insurance policy

Ownership of the policy can be transferred to the child tax-free once they reach the age of majority or when you feel they are ready

3.Child/ Grandchild

Becomes owner of the policy without having to pay any premiums (unless a policy loan or surrender has occurred)

Cash value savings4.

Your child/ grandchild can also access the cash value savings that have built up in the policy to help with the cost of post-secondary education, buying a home or starting a business***

This is the power of the Kid Start Strategy

iconsMobile
1.

Parent/grandparent

Buys a Participating Whole Life insurance policy for your child or grandchild

3.

Child/ Grandchild

Becomes owner of the policy without having to pay any premiums (unless a policy loan or surrender has occurred)

4.

Cash value savings

Your child/ grandchild can also access the cash value savings that have built up in the policy to help with the cost of post-secondary education, buying a home or starting a business***

Benefits include:

Children have the ability to access to cash value savings that have built up in their policy for any reason***

Potential for affordable, permanent life insurance as premiums are based on the age of the child

Policy can be fully paid for by the parent or grandparent in 8, 10 or 20 years with premiums that don’t increase

Benefits include:

Children have the ability to access to cash value savings that have built up in their policy for any reason***

Potential for affordable, permanent life insurance as premiums are based on the age of the child

Policy can be fully paid for by the parent or grandparent in 8, 10 or 20 years with premiums that don’t increase

Speak to an Advisor today on how Kid Start can give your children or grandchildren a financial head start.

More Rewards and Empire Life teamed up to create More Rewards Life Insurance because we share the belief that Canadians should be able to get the life insurance they need conveniently and affordably. Empire Life has been helping Canadians protect what matters most since 1923 and was recently named Life and Health Insurer of the Year for 2018 . As a trusted More Rewards provider, we’re excited to offer life insurance advice and products to More Rewards members with Empire Life.

* Kid Start is an Empire Life insurance strategy using our Optimax Wealth Participating Whole (Permanent) Life Insurance purchased on the life of the child. A participating policy is an insurance contract that pays dividends to the policy holder. Dividends are generated from the profits of the insurance company that sold the policy and are typically paid out on an annual basis over the life of the policy. Transfer of the policy to a child once they reach the age of majority is not automatic and requires active involvement of the parent or grandparent.

** More Rewards Points are only available to residents of British Columbia who purchase an eligible life insurance policy offered by The Empire Life Insurance Company. Some restrictions apply. More Reward Points are earned only on premiums paid during the first year of coverage and are subject to provincial regulatory maximums. Not available in Alberta, Saskatchewan, Manitoba and Yukon Territories.

*** Cash Value Savings are a portion of your paid premiums for Whole Life Insurance that are set aside by the company for investments. As the policy owner, these funds may be accessed through a policy loan (standard interest rates will apply) or by surrendering all or part of the policy. Any portion surrendered will reduce the Death Benefit accordingly. Any cash value withdrawn from the policy, if taxable, is taxed in the hands of the owner. Please see policy contract for more details. Withdrawals may reduce value, assuming payments are made, a policy loan carries more risk.

Owner/life insured must be a Canadian resident for tax purposes. Please seek professional advice before making any decision. The information contained is for general information purposes only and is not intended to provide legal, tax, financial or professional advice. The Empire Life insurance Company assumes no responsibility for any reliance made on or misuse or omissions of the information contained within this document.