Canadian LIC | Affordable Insurance Policy Providers in Canada

The choice of Life Insurance will sometimes depend on how well you can protect your family's future. Do you want to know if you can actually buy Life Insurance without a broker? You can, as there are several ways of doing so in Canada. Today's technological advancement allows you to research and compare Life Insurance Plans, get a quote online, and even buy one without talking to some traditional agents. This guide explains how to buy a policy for yourself, the benefits and drawbacks of buying it on your own, and step-by-step processes so that you may feel confident throughout the process. Understanding Life Insurance Without a Broker Life Insurance is pretty complex, and traditionally, the Life Insurance Agent has helped the consumer navigate all the choices available. However, the digital age has changed everything. Now, you can access quotes for Life Insurance online, compare different policies, and read the detailed descriptions of each plan at your own pace. All this empow...

Most people commonly associate Life Insurance with money available to dependents after children, spouses, or any other family members who rely upon your income. What if one has no dependents? Does it mean that Life Insurance does not make sense? The short answer is yes, and there are many reasons why carrying a Life Insurance Policy still makes good financial sense, even if you don't have anyone directly, depending on your income. In this blog, we are going to delve into the key reasons why Life Insurance is important to individuals who do not have dependents and how it can really benefit you in different aspects. Covering Funeral and Final Expenses One of the most fundamental yet crucial reasons to carry Life Insurance, even without dependents, is to pay your funeral and final expenses. Surprisingly, one might discover just how costly a funeral can be in Canada, often costing between $5,000 and $15,000 or more, depending on the level of expense you leave behind for your family. I...

This is also the time when many begin reconsidering their financial strategies, especially after years of saving and working. This is when they begin paying attention to their stable source of income. A question that many retirees raise these days is whether Whole Life Insurance can become an additional source of retirement income. Traditionally, Whole Life Insurance has been construed as a tool for estate planning and the division of financial security among the heirs. At the same time, it is also sometimes a desired retirement asset. This blog will explain how Whole Life Insurance Policies work in Canada, how you can use them to fund retirement, and what you need to take into account when using them for that purpose. Understanding Whole Life Insurance Policies in Canada Whole Life Insurance is another type of permanent insurance, meaning it covers you at all times throughout your lifetime. Unlike term life insurance, Whole Life Insurance only covers you for a certain term or period. ...