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Lifetime base protection
The guaranteed basic death benefit can stay in place throughout the child's lifetime while policy conditions are met.
Insuring your children · Family protection & legacy
Participating Whole Life Insurance for Kids
A thoughtful gift today can help provide a lifetime of protection — with guaranteed policy values and the potential for participating dividends.
Explore how permanent life insurance may fit alongside education savings, emergency funds and your family's bigger plans.
Discover the benefitsProtection that grows with life's milestones
More than a policy. A lasting foundation.
Participating whole life insurance combines permanent death-benefit protection with guaranteed cash values and eligibility for non-guaranteed dividends.
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Predictable premiums
Guaranteed level premiums make it easier to plan for a long-term family commitment.
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Guaranteed cash values
Cash values develop according to the contract and may provide flexibility in later years, subject to policy terms.
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A gift across generations
Parents or grandparents may fund a policy and consider transferring ownership when appropriate.
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Potential dividends
Participating dividends, if declared, may help add paid-up insurance, reduce premiums or provide other options.
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Long-term flexibility
Available cash access and dividend choices may be useful later in adulthood, but can have financial and tax consequences.
Illustrated in the supplied ParPlus Junior brochure
Start young. Plan for a lifetime.
The brochure describes a children's participating whole life policy with the following historical features:
- Issue ages 0–17.
- 20-year premium payment plan.
- Guaranteed level premiums, base lifetime protection and cash values.
- Five dividend options, subject to contract conditions.
- Simplified issue without a medical exam in qualifying circumstances; application and health questions still apply.
Product notice: These details come from an older Assumption Life brochure and are not a representation of today's product availability, eligibility, pricing or underwriting terms.
Understand your choices
Five ways participating dividends may be used
Dividends depend on the participating account's experience. They are not guaranteed, and not every option may be available on every current contract.
01 / CASH
Receive cash
Dividends, if declared, may be paid directly to the policyowner.
02 / PREMIUMS
Reduce premiums
Apply dividends toward premiums to lower out-of-pocket payments.
03 / ACCUMULATION
Accumulate on deposit
Leave dividends with the insurer to accumulate interest, subject to terms and possible tax.
04 / PAID-UP ADDITIONS
Buy added coverage
Use declared dividends to purchase additional paid-up permanent insurance.
05 / ENHANCED
Enhanced option
A combination of term insurance and paid-up additions; associated benefits can change if dividends are lower than projected.
Planning with perspective
Protection should fit the family's priorities.
Children's whole life insurance can complement — not replace — appropriate coverage for parents, an emergency reserve, RESP contributions and other family goals.
Before choosing a policy, review affordability, who owns and controls the contract, illustrated guaranteed versus non-guaranteed values, and how a future ownership transfer could work.
What about access to money?
Depending on the policy, a loan, dividend withdrawal or partial surrender may allow access to value. Borrowing adds interest; surrender may reduce coverage; some transactions may trigger income tax.
Cash values are not the same as a liquid savings account, and no projected dividend should be treated as guaranteed.
InsuranceVilla · Family Legacy Planning
Explore a plan that puts your child's future first.
Request a needs-based discussion and review a current insurer illustration showing both guaranteed and non-guaranteed values.
Background materials: Assumption Life ParPlus & ParPlus Junior Product Brochure, and accompanying supplied banner, handout and poster. Historical documents used for general product education.