Canadian LIC | Affordable Insurance Policy Providers in Canada

Critical Illness Insurance should form an integral part of any financial plan. It ensures that in the event of a diagnosis of a life-threatening illness, one's financial position remains intact. Another key feature, probably less well known to many people, regarding Critical Illness Insurance Policies is the survival period. One has to understand the survival period if a person is really considering buying this kind of insurance. The type of insurance will directly impact the policy payout. This blog shall help in understanding the concept of the survival period in Critical Illness Insurance, its importance, and how it impacts policyholders in Canada. We will also cover some related aspects, such as Critical Illness Insurance Cost, how to get Critical Illness Insurance Quotes , and the right policy for you when it comes to Critical Illness Insurance. Understanding the Survival Period A survival period is only one of the many terminologies used by a Critical Illness Insurance Policy...

It can be exhausting to navigate the requirements for Canada family visits, more especially understanding the specifics around visa insurance. If you are looking to invite your parents or grandparents to stay for an extended time, then you should know about Super Visa Insurance. In this in-depth guide, discover who needs this insurance, what kind of coverage it offers, the best companies from which to buy, and how to get a competitive Super Visa Insurance Quote . Understanding Super Visa It's a Super Visa that allows parents and grandparents of Canadian citizens or permanent residents to stay in Canada for five years without renewing their visa. That is quite an extension over the regular six months one would otherwise be entitled to as a visitor. Who Needs Super Visa Insurance? A visitor who applies for a Super Visa is obligated to have Super Visa Insurance. This insurance is supposed to be bought by the visiting parent or grandparent, or whoever is buying it on their behalf, in c...

Life transitions can be tough enough. Ensuring your Term Life Insurance keeps up with your changes is crucial. Right at the point when you have launched your career, grown your family, or just moved into a home that increased your mortgage—in all major phases, your financial security and insurance need change. This blog will focus on how often you should review your Term Life Insurance Policy in Canada to ensure it stays relevant to your changing needs. We'll also explore how these reviews may impact your Term Life Insurance Cost, get you accurate Term Life Insurance Quotes, and ensure that the coverage remains adequate. Understanding the Importance of Regular Reviews Term Life Insurance brings peace of mind, chiefly because it offers financial security for your loved ones upon your untimely death. What's more, your insurance needs are subject to change in life. Going over the policy from time to time will not only keep you adequately covered but also align it with your curren...

In planning for the future, especially financial security after passing away, Whole Life Insurance is very essential. While other types of life insurance may either give temporary coverage or depend on market investments, a Whole Life Insurance Policy will give your heirs steady support. Knowing the advantages of this type of insurance helps you make informed decisions on financing your family. Understanding Whole Life Insurance This type of insurance can be called the whole-of-life version of the insurance because it covers a person throughout his or her life, provided premium payments support it. This financial product aims to provide your beneficiary with a guaranteed benefit in the case of death. It differs in terms of the cash value element, increasing over time and available to be used for a number of financial needs. These gains take place tax-deferred, therefore somewhat making it more attractive for long-term financial planning. Moreover, the " Whole Life Insurance Cost ...