Canadian LIC | Affordable Insurance Policy Providers in Canada

Are you considering inviting your parents or grandparents to live with you in Canada? The super visa could be the perfect solution. This special visa allows parents and grandparents of Canadian citizens or permanent residents to stay in Canada for up to five years without needing to renew their status. One key requirement for the super visa is proving that you have enough money to support them. In this blog, we will explain the details of this income requirement and how it impacts your Super Visa Insurance Plans , costs, and the insurance quotes you receive. The Basics of Minimum Income for Super Visa The minimum income requirement is essential as it assures the Canadian government that the host can financially sustain their visiting relatives throughout their stay. This income threshold varies based on the number of family members to be supported and the host’s geographical location within Canada. Calculating Minimum Income Requirements The income requirement for the super visa is th...

null No doubt, the most complicated and emotional subject that most parents and other guardians alike will deal with is whether or not to buy Life Insurance for their kids . It is the balance of financial issues and the devastating prospect of the early death of a child, which is quite improbable. In fact, it is even more precise in the case of countries like Canada, where health and money systems greatly differ from others. In this blog, we approach the different aspects of getting Life Insurance for the little ones: practicality, emotional peace of mind, and implications on the cost of Life Insurance. Understanding the Basics Life Insurance for children is never really marketed by the needs of the world but is there as a warm and fuzzy sales product for financial planning. It's a real hot-button issue, as no parent wants to think about losing a child. Approach the subject with practical, not emotional, thoughts, and maybe it will help you make an appropriate decision. Find Out: ...

Dealing with all the troubles of moving to a new country can be a tedious task, and drilling into your travel matters may not seem a good option at all. For the international students in Canada, let's understand how you can be sure to be rightly and evenly covered as required by the law. Introduction to Health Insurance for International Students in Canada Canada is among the countries having quality education and strong health care at the same time. This means that in Canada, as an international student, you need to be sure that you have the right kind of health insurance that will ensure that whatever happens , things will be covered all the time. For international students, every province of Canada administers health insurance; thus, as an international student, it means an international student must get to learn his or her specific province in which they will learn. Need for Insurance In Canada, health care is a bit expensive when you are not getting the right kind of insurance...

Most Canadian parents and guardians prefer an RESP when saving for their child's education. It is a treasury product dedicated to saving for post-secondary educational costs for children. However, with this said, there is usually much confusion, yet it is very popular. How would that affect the deduction on your tax return? Here are some of the tax benefits you get from the use of an RESP. The blog has taken the responsibility to explain very carefully and give you a view of how these work. What is an RESP? Before delving into mechanics, it is most important to find out what an RESP is . An RESP is a tax-advantaged saving plan. It is government-sponsored and designed to encourage saving for a child's post-secondary education and tax-deferred growth. A unique feature of an RESP, compared to many other saving plans, is that it gives you the option to access the Canada Education Savings Grant (CESG). This is where the government puts in an amount equal to 20% of all your annual ...

Exploring Critical Health Insurance in Canada can be daunting. There are many Critical Illness Insurance Policies on the market, and it is important to understand what each one of them entails. The following discussion will look at three common illnesses that are covered by most Critical Illness Insurance covers , and those facts should help you make some comparisons on your own. What is Critical Illness Insurance? Critical Illness Insurance is a policy that is made to give a one-time payment when one is diagnosed with a particular illness. Such a policy is very useful for a person who has no need to worry about their financial burden the minute they fall ill with a sudden acute illness. Critical Illness Insurance covers a number of diseases, but in this essay, we will discuss the three most prevalent ones: cancer, heart attack, and stroke. Find Out: How Critical Illness Insurance Can Be Your Lifesaver In Canada? Cancer Cancer remains one of the leading causes of death worldwide and i...