Canadian LIC | Affordable Insurance Policy Providers in Canada

When life throws you a curveball, making you bedridden due to some sickness or injury, a safety net is important. Disability Insurance provides this vital safety net, which is directly aimed at giving you financial security when, because of some sort of disability, you are no longer able to bring in an income. In Canada, navigating the different types of available Disability Insurance is often very confusing. It is not the most pleasant subject, but understanding your options serves to prepare you for some unexpected life situations that could happen. This blog focuses on the different types of Disability Insurance in Canada and how they can support you. At times, you literally have no idea what to do. Short Term Disability Insurance: A Temporary Safety Net Short Term Disability Insurance provides immediate financial support during the early days of your disability. It usually covers 60-70% of your regular income and is essential in the early days of recovery. This is one form of fina...

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...

Business is inherently risky, and Canadian entrepreneurs overcome a myriad of challenges daily—from shifting markets and changing regulatory environments. What about the risks related to unexpected personal incapacities? Disability Insurance for Business owners is a critical protection that can help ensure a business stays stable in case one of its owners cannot work because of illness or injury. This all-inclusive guide will point out why Disability Insurance Policies are so relevant to business owners, how one can easily get a free online quote on Disability Insurance, and what features to look for in Disability Insurance for a business. Understanding the Importance of Disability Insurance for Business Owners Disability Insurance is designed to replace part of your earned income in the event that you are incapacitated from work due to disease or disablement. This, therefore, is rather important for business owners, viewed as the livelihood of the company. Key persons, absent and disa...

With the ever-changing world of health care and financial security, Critical Illness Insurance acts as a more vital protector for Canadians. The sudden occurrence of serious illness can be assessed to give rise to unforeseen expenses and financial stress. Critical Illness Insurance Policies in Canada serve the essential role of offering coverage through a lump-sum payment toward the costs that may not always be adequately covered under traditional health insurance or disability benefits in times of serious illness. Understanding Critical Illness Insurance Critical Illness Insurance is designed to help alleviate the financial stress experienced due to serious sickness, such as cancer , heart attack , or stroke. The policy pays a lump sum amount of money to the policyholder, tax-free, upon diagnosis of any of the illnesses mentioned in the policy document. This type of benefit can be used for a variety of purposes, from treatments not covered by the provincial health plans to replacing ...

As a self-employed Canadian, your ability to earn an income is often your greatest asset. Unless you have transfers or some other independent means of support, as a self-employed worker, you very often do not have the benefits of an employer package to protect you from illness or injury. That's where Disability Insurance fits in. This is a blog detailing why Disability Insurance for self-employed persons in Canada matters and how it can create peace of mind by providing the required financial stability in dire times. Understanding the Need for Disability Insurance Most Disability Insurance Policies designed in Canada involve the substitution of your income by a portion when the worst comes to the worst: when you can no longer work due to a disability. This type of insurance is of paramount importance to all those with their own businesses and who are self-employed but who do not have protection from the grouped sick leave and employer disability benefits accorded to most employees...