Canadian LIC | Affordable Insurance Policy Providers in Canada

Few decisions are as profound as choosing the right type of Life Insurance. When it comes to securing the future of our children, insurance is the issue that most parents in Canada feel ambiguous about. Although it sounds a bit perturbing, parents normally have a reason for future insurability and financial stability when looking for why one should insure a child. This blog will look at the various Life Insurance plans available for children and which could be most suitable for your family. Understanding Life Insurance for Kids Life Insurance for children is, therefore, the policy that will provide the much-needed financial security to families in the unfortunate and heartbreaking event of loss. Most importantly, it is also a good way to secure a child's ability to have more Life Insurance when they become adults, no matter what health issues they face. The decision to purchase Life Insurance for a child would hinge on several issues: whether the family can afford it, the state ...

Basically, touring in a dense, confusing forest pretty much sums up what one goes through while navigating through the realm of life insurance. Out of the diverse policies available, Term Life Insurance bubbles up as the choice of most Canadians. But then again, is the term really for you? This blog takes a look at Term Life Insurance policies in Canada—the pros and cons, drilling deep into the aspects of the Term Life Insurance Rates and what makes these policies either a boon or a bane based on your personal circumstances. Understanding Term Life Insurance Now, coming to life-term insurance—it's simple. It is a kind of life insurance which covers you only for the period or "term" of the contract; in a normal sense, it is understood to be a contract of anywhere from 10 to 30 years. The Term Life Insurance Policy is basically designed to provide a benefit in the form of the sum assured, which goes to the policyholder's nominee in the event of his or her unfortunate d...

When one has made up his mind to cancel his Universal Life Insurance Policy, the question, of course, arises in the minds of so many Canadians: will I get any money back? This usually comes to many questions, given the flexibility and savings entailed in this kind of insurance. In this blog post, we will look at the way in which the Universal Life Insurance Cost is going to impact what you might reasonably expect to be paid back, along with looking at how obtaining a Universal Life Insurance Quote Online can impact your way of making decisions. Understanding Universal Life Insurance Universal Life Insurance is a unisex permanent life insurance policy that provides lifetime coverage under a contract containing an investment feature. What sets it apart from the rest of the other policies, such as term, whole life, or universal life policies? Some of the premium goes towards the insurance, and some of it accumulates in the savings account with the rate of interest credited or based on th...

Visitor insurance, often called travel health insurance or medical insurance for visitors, is a type of insurance that protects one against unexpected medical expenses during his stay in Canada. But then, is it necessary for a visitor to have insurance protection? Let us delve deeper into the details of the visitor insurance plans to see. What is Visitor Insurance? Visitor insurance is a form of short-term health insurance that aims to offer needed protection to visitors hailing from their home country to foreign countries, including Canada, where insurance coverage is not available under the health care protection of the home country. It protects one from unexpected financial risks associated with paying medical bills for accidents, illnesses, or injury-related expenses that occur during the trip. Find Out: What Can You Not Do With A Visitor Visa? Understanding Visitor Insurance Plans Coverage: Visitors' insurance plans usually offer a variety of coverage in terms of medical cos...

Among all the important financial decisions one would make in life, investing in the child's future is paramount; after all, this guarantees educational opportunities and financial security. With the old-styled federal government plans and newer, more flexible provincial plans, there are a few options a parent can choose from in Canada. Among the most helpful ones is the fact that Canada offers the Registered Education Savings Plan (RESP), while there are many education investment plans. This blog helps in researching how to invest effectively for a child in Canada, targeting key instruments that deliver the best benefits and ways to maximize your contribution. Understanding the Basics of the RESP  The Registered Education Savings Plan (RESP) is a government-sponsored, tax-assisted way of encouraging post-secondary education savings. One of the most attractive features of the RESP is the Canada Education Savings Grant (CESG), which tops up your contributions by 20% to a maximum of...