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A client recently told their advisor, "I've already maxed out the RESP for my granddaughter. What's another meaningful way I can help her in the future?" 

The client wasn't looking for another investment account. They wanted to create something that could potentially help with a first home, a future business opportunity, retirement, or simply leave a lasting family legacy.

That's where a participating whole life strategy may be worth exploring.

With a Desjardins participating whole life policy on a grandchild, clients can:

• Preserve the child's future insurability
• Build tax-advantaged cash value over time
• Retain control of the policy while the child is growing up
• Potentially transfer ownership to the grandchild in the future, subject to applicable tax rules

Many grandparents have already funded education savings. The next conversation may be about creating a legacy that extends well beyond tuition.

Have a client who wants to leave more than an inheritance? Let's connect.