Canadian LIC | Affordable Insurance Policy Providers in Canada

It is a good idea to look into taking up Term Life Insurance going forward for the assurance that your loved ones are financially secure. Navigating these fine lines in Canada on life insurance rates takes a clear understanding of many factors that will bear on what you pay. This guide is helpful to young professionals who start in the world of work, mothers who safeguard the future of their families, and seniors who are at an age to assess their options. What is Term Life Insurance? Term life is life insurance that provides coverage, of course, for a fixed payment rate, concerning a given period that one has opted for, also referred to as term insurance. The insurance policyholder may renew his or her policy or convert it to permanent insurance upon the maturity of the term or choose to let it expire. It is this simplicity and the fact that Term Life Insurance is quite affordable that have seen many Canadians sign up for this type of life insurance. Factors Affecting Term Life Insura...

  Speaking of personal finance, risk management is a topic wherein Disability Insurance definitely will come out as one of the least talked about yet it is quite an essential financial tool. This serves as a financial safety net that would protect your incoming dollar if, at one point in time, you cannot work due to injury or illness. Appreciating the impact of Disability Insurance on one's financial standing, considering the cost and way to get a quote for the insurance, might change the financial well-being for the rest of his life. This blog will talk about what it is and why it is important, as well as an approach to getting insured, in case that may be something you have been contemplating doing. Understanding Disability Insurance Disability Insurance Policy is a type of insurance that pays out a fraction of your income in the event that someone gets himself to a point where he cannot work because of injury or illness. This insurance has great importance because, apparently, ...

The Registered Education Savings Plan (RESP) is a very vital financial undertaking among Canadian family prospects while deciding what the future holds, particularly in matters concerning the cost of education. In fact, it is a post-secondary education funding plan with distinctive tax benefits and other benefits that make the plan one of the most useful tools for a parent or guardian. In this blog, we will look at whether or not the RESP is really tax-free, how it works, and the benefits that one receives through using it. What is a Registered Education Savings Plan (RESP)? Registered Education Savings Plan: An account by which Canadian parents save money for their post-secondary education children. Backed by government aid in the form of Canadian tax incentives and direct contribution schemes, they significantly increase the pool of money for schooling. An RESP is way more like a powerful investment tool set to shave the financial yoke off from post-secondary education expenses, rat...

Exploring a new country's healthcare system can also be a more daunting task, particularly for visitors who may never get tipped off with the inside scoop on local medical services and insurance plans. In a country like Canada, with a beautiful environment and welcoming atmosphere, the visitor always wonders exactly what is offered in the visitors' health insurance.  This blog post tries to delve into what is covered under health insurance for visitors to Canada, and the different Visitor Insurance Plans that do exist, including the cost of the said policies, all with simplified information for better understanding. Understanding Visitor's Health Insurance in Canada The Visitor to Canada Health Insurance is such a well-thought plan meant to be devised in Canada for people visiting the country from foreign destinations, providing financial protection against any abrupt medical expenses while staying in the respective nation. The said insurance is important because the healt...