Canadian LIC | Affordable Insurance Policy Providers in Canada

Among all the important financial decisions one would make in life, investing in the child's future is paramount; after all, this guarantees educational opportunities and financial security. With the old-styled federal government plans and newer, more flexible provincial plans, there are a few options a parent can choose from in Canada. Among the most helpful ones is the fact that Canada offers the Registered Education Savings Plan (RESP), while there are many education investment plans. This blog helps in researching how to invest effectively for a child in Canada, targeting key instruments that deliver the best benefits and ways to maximize your contribution. Understanding the Basics of the RESP  The Registered Education Savings Plan (RESP) is a government-sponsored, tax-assisted way of encouraging post-secondary education savings. One of the most attractive features of the RESP is the Canada Education Savings Grant (CESG), which tops up your contributions by 20% to a maximum of...

The Super Visa program of Canada has brought a revolutionary change to how parents and grandparents of Canadian citizens and permanent residents are to remain in Canada for a period of five years without the need to renew their status. In this family reunification program, however, a host of benefits are attached, which will be tried out through this comprehensive guide, including insights into "Super Visa Insurance Cost" and " Super Visa Insurance Plans ." Extended Family Time   Indeed, the most outstanding feature of the Super Visa is that it provides families with an extended period to spend time together. Unlike the ordinary visitor visa, which only requires six months of stay, the Super Visa allows staying for up to five years upon first entry and is a multi-entry visa valid for ten years. This will be very practical for those families who live far away and for whom a short visit would only cut short the limited time they can spend together. Find Out: Where Ca...

The complexities of life insurance are difficult to negotiate, but Whole Life Insurance is a relatively simple product: a type of permanent life insurance that provides lifelong coverage coupled with an investment. In this post, we will dig deeper into what influences monthly life insurance costs in Canada and how you can get reliable insurance quotes to make an informed choice. Understand Whole Life Insurance Whole Life Insurance is designed to provide you with coverage for the whole of your life, contrarily different from term life insurance, that offers coverage only in the event of death within a specified period. The whole life assurance premiums are a bit high since they carry on for an entire life and add cash value. This can, in turn, be borrowed to the individual who acquires the policy or pays out the event of death. Find Out: Understanding How Does A Whole Life Insurance Policy Work Factors Affecting Whole Life Insurance Monthly Cost These are some of the factors that will d...

That is another thing one probably never thinks of: Life Insurance is likely to be highly valued, yet it's probably never thought of when one thinks about the layers of financial security one hopes to be able to achieve over the years. Life Insurance ensures not only material security but also peace for the family, ensuring financial stability in the case of the loss of a dear one. The following blog post takes a look into the importance of Life Insurance as the most important financial product that safeguards the financial interest of families, contributes to the long-term financial planning of an individual, and also takes care of meeting his/her final wishes without burdening the survivors. A Foundation for Financial Security Life Insurance's importance cannot be overemphasized when it comes to providing financial security for your family. Imagine a family setting where both parents are working to support their home and children. This would be quite emotionally devastating, ...

How important does it become for one to have financial security when dealing with a critical illness? Critical Illness Insurance assures lump-sum payments to manage the finances under tough circumstances. That's where this blog post comes into play: canvassing what you're likely to pay for such insurance in Canada, how to get the best quotes, and the benefits of securing your policy online. The Importance of Critical Illness Insurance The major function of the Critical Illness Insurance Policy is to relieve the financial burden that may accrue from diseases such as heart attack and stroke. Critical Illness Insurance is one of the common insurances, as opposed to the cover against healthcare and treatment costs, which pays a one-time lump sum to the policyholder at the time of payment. This can cover everything from lost income and living expenses to travel costs for treatment and paying down debts. Find Out: Why Is Critical Illness Insurance Coverage Important? Average Cost of...