Canadian LIC | Affordable Insurance Policy Providers in Canada

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...

Travelling is one real adventure, but boy, does it come with its load of uncertainties. From Nunavut, where you shall sweep through icy vistas, to Toronto, along warm street scenes, a hard-core Travel Insurance plan goes without saying. This is a blog on why Travel Insurance is crucial in Canada, how you can ensure your safe travels, and how to be at peace wherever your journey takes you. Understanding the Basics of Travel Insurance Travel Insurance can be availed for emergencies, sudden cancellations of trips, loss of bags, and other unforeseen circumstances that might very well interrupt or impact your trip. Simply, Travel Insurance serves the purpose of safeguarding you and your wallet against a large spectrum of travel-related risks. The Scope of Coverage There are many diversified Travel Insurance Plans in Canada that meet different needs. This may include, but is not limited to, emergency medical, trip cancellation and interruption insurance, loss of baggage, and even flight del...

The application for a Super Visa surely offers an exceptional opportunity to have extended family visits for those who desire to bring their parents or grandparents to Canada. One of the integral requirements for being granted this particular visa is the attainment of proper medical insurance: Super Visa Insurance for parents and grandparents from a Canadian insurance company. This requirement usually raises one question among applicants: Would buying insurance from a non-Canadian company suffice? In this blog, we will investigate the reasons behind the need to purchase a Super Visa Insurance Policy from an insurance provider in Canada and how one should compare Super Visa Insurance Quotes. Understanding Super Visa Requirements The Super Visa program allows parents and grandparents of Canadian citizens and permanent residents to spend as long as two years without the need for a renewal of their status in Canada. Basically, applicants are required to have medical insurance from a Cana...

Most Canadians face a dilemma in choosing whether to continue investing in such a long-term financial plan or to take back control over the immediate financial resources that they have when the issue of cancelling their Life Insurance enters their minds. Perhaps your situation has changed, and you are reevaluating your needs for the future, or maybe what you just need is different coverage. Whatever your reason may be, knowing the implications of cancelling your Life Insurance Policy is important. Understanding Your Reasons for Cancellation Before deciding to cancel your Life Insurance Policy, it's essential to define why you're considering this option clearly. Perhaps the Life Insurance Cost has become unsustainable due to a change in your income. Maybe you've found a more suitable policy with better benefits or lower premiums, or perhaps your dependents no longer need the financial security originally planned for. It’s important to assess your current financial goals and...

It's important to know that Visitor Insurance acts as a safety net for unforeseen medical expenses incurred while visiting Canada. Either you are hosting a visiting family member—say, parents—or you are just visiting for tourism or business purposes, enough Visitor Insurance will draw a smile on everyone's face. However, knowing how the claim process works with Visitor Insurance is equally important for you to get your money back for the covered expenses quickly and patiently. Understanding Visitor Insurance This Visitor Insurance will help in covering unforeseen emergencies and medical expenses that can arise due to illness or accidents, especially for visiting parents in Canada. This is very important because tourists visiting Canada are not under the Canadian public health care umbrella, and treatment costs may be pretty high if they do not have insurance coverage. Key Components of Visitor Insurance Plans Visitor Health Insurance Plans typically include the following compo...