A Guaranteed Return Policy (GRP) is a specially designed Participating Whole Life Insurance Policy. This plan offers three major benefits:

• Guaranteed Cash Values
• Tax-Free Annual Dividends
• Permanent Whole Life Insurance

This unique combination ensures that your family will have a fund that grows tax-free and can be used for any purpose at any time. It also provides life insurance coverage for the child's entire life, and it creates generational wealth for their beneficiaries.

No, a GRP is not an RESP. While an RESP (Registered Education Savings Plan) is a government program with certain restrictions, a GRP is a private plan designed to last for the child's entire life and beyond. It can fund any need the parent or child may have, including education anywhere in the world.

Participating Whole Life Insurance allows the policy owner to "participate" in the insurance company's profits. It provides guaranteed cash values and annual tax-free dividends. This type of insurance is commonly used by corporations and more affluent families.

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.

A GRP can be opened by a parent, grandparent, aunt, uncle, or legal guardian of the child.