Canadian LIC | Affordable Insurance Policy Providers in Canada

In the complicated insurance world, how an individual can maximize his or her coverage without complicating his or her policies is very instrumental. Among the many questions that Canadians raise is whether it is possible to attach Critical Illness Insurance as a rider to any existing Life Insurance Policy. This blog will let you know if it's possible to integrate Critical Illness Insurance with your Life Insurance in Canada, together with the benefits and considerations of doing so. Understanding the Basics First, let us explain what a "rider" is. A rider in insurance parlance refers to an addendum or a change to an already existing policy that confers additional benefits or coverage to the holder. Riders are usually taken to modify insurance policies to suit the needs of the person buying the policy without having him purchase another policy. Critical Illness Insurance Coverage , however, seeks to offer financial relief in the event of serious illness. It provides for a...

Moving to a new country for work can be fascinating and has lots of challenges. Indeed, Canada is enriched with cultural diversity, beautiful landscapes, and high living standards, making it the best destination for professionals from all around the world. If you are moving to Canada on a work visa, there is likely to be a list of things you need to sort out—from securing a place to stay to getting familiar with transportation in the local area. But have you thought about your health and safety? Specifically, are you required to have Visitor Insurance if you're travelling to Canada on a work visa, and what happens if your stay gets extended? In this blog, we will discuss why you need Visitor Insurance even if you are on a work visa, how to choose the right policy, and whether you can extend your Visitor Insurance Coverage if needed. Why is Visitor Insurance Important for Work Visa Holders? You may question, "I'm on a work visa, so why would I need Visitor Insurance?" ...

The need to plan for the end of life—something most of us shrink from—is one of the most important things in financial planning, particularly with seniors. One of the strong ways to manage eventual costs is through Whole Life Insurance, which brings more than peace of mind: a concrete way to underpin one's final wishes so as not to put a burden on loved ones. The blog looks into how a Whole Life I nsurance plan can be a viable choice for seniors in Canada by explaining how to get the best Whole Life Insurance for Seniors, identifying what Whole Life Insurance Companies have on offer in Canada , and using quotes wisely. Understanding Whole Life Insurance Whole Life Insurance is one of the forms of life existence insurance that is granted to the policyholder for his or her entire life, subject to the payment of premiums. Actually, this definition comprises the features themselves that compose the Whole Life Insurance: assured death benefit , fixed premiums, and a cash value componen...

It's always a daunting task to plan for the education of your children. This is true, especially considering the ever-increasing cost of post-secondary education in Canada. Luckily, the Canadian government is providing various incentives to make it easier for families to save toward higher education with Registered Education Savings Plans. So, understand these incentives, which will surely help you kickstart saving your money and make higher education more affordable. In this blog, we will look at the different government incentives available to the RESPs and focus on how they benefit different types of plans, including the RESP Family Plan. We shall also briefly touch on how you can find RESP Quotes Online for selecting the best Education Savings Plan in Canada. Understanding the Basics of an RESP Before getting into government incentives, briefly, let's revisit what an RESP is. The RESP, or Registered Education Savings Plan , is basically a tax-sheltered vehicle to help paren...