Life Insurance
Life Insurance for Children
A 20-pay life insurance policy for a child is paid up in full after 20 years of premiums, and the coverage lasts their entire life. No payments at 25, no payments at 40, and premiums that can never go up. We help parents and grandparents across Canada set these up while children are young and healthy.
Watch
Why Families Do It
Why families set this up early
Insurability, locked in
A healthy child qualifies easily today. Health changes later in life can make coverage expensive or unavailable at any price. This policy cannot be taken away.
Paid up before they launch
Twenty years of premiums while you are paying, then nothing, ever. Your child starts adult life with permanent coverage already finished.
Options to grow it later
Many of these policies include the option to increase coverage at adult milestones, like marriage or a first home, without new medical evidence.
Cash value that builds for decades
Participating policies build cash value over a very long horizon and pay dividends that can grow the coverage over time.
Premiums that never rise
The payment is set at a child’s rates and is guaranteed. It will look remarkably small by the time your child is your age.
The Honest View
An honest word before you buy
This is insurance, not an investment account. If the goal is saving for education, an RESP usually comes first, and we will say so. Families choose a 20-pay policy for the guarantees: lifelong coverage, locked-in insurability, and premiums that end. If those guarantees matter to you, it is a strong fit. If they do not, your money may work harder elsewhere, and we will tell you that too.
How It Works
Working with us is straightforward
01
Book a consultation
A relaxed conversation, in person in Toronto or virtually across the seven provinces we serve, to understand what you want to protect.
02
Compare your options in plain language
We shop the market across 30+ Canadian carriers and walk you through the trade-offs clearly, with no jargon.
03
Get coverage in place
We handle the application and underwriting, then review your plan over time as life and business change.
Sample Policy
See a Real Policy Before You Buy
This sample was prepared from an actual Canada Life My Term policy placed through Abrams Insurance, with names and personal details removed. The coverage amount, premium, and dates are the real policy’s, so you can see exactly what you would be signing.
Sample Term Life Insurance Policy
What does 20-pay actually mean?
You pay premiums for 20 years, and then you stop. The policy stays in force for your child’s whole life. It is the same permanent coverage an adult buys, structured so the paying is done while they are young.
Can my child take over the policy as an adult?
Yes. Ownership can transfer to your child when they are grown, and the coverage, cash value, and any increase options go with it. Many families treat it as a head start they hand over.
What if my child stays healthy and never needs it?
Then the policy does quietly what permanent insurance does: it stays in force, builds value, and is there for their own family one day, with premiums long finished.
Get started
Let’s get the right coverage in place.
Book a consultation in Toronto or virtually, or send us a note and we will be in touch within one business day.
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