Divorce or separation is probably one of the toughest experiences of a family, not only emotionally but also financially. For many parents in Canada, ensuring their children’s education is secured despite the breakdown of a marriage is a top priority. However, when it comes to a Registered Education Savings Plan (RESP), the path forward can often seem unclear.
Divorce or separation is probably one of the toughest experiences of a family, not only emotionally but also financially. For many parents in Canada, ensuring their children’s education is secured despite the breakdown of a marriage is a top priority. However, when it comes to a Registered Education Savings Plan (RESP), the path forward can often seem unclear.
Divorce or separation is probably one of the toughest experiences of a family, not only emotionally but also financially. For many parents in Canada, ensuring
Questions regarding Life Insurance costs always characterize its decisions. To a lot of Canadians, the cost of life insurance is a stumbling block in determining
This blog discusses how income influences your ability to secure Term Life Insurance in Canada. It covers the affordability of premiums, factors affecting coverage,
This blog explains who is eligible for an RRSP in Canada, detailing age requirements, income sources, contribution limits, and special cases like spousal RRSPs. It
This blog covers the different types of Permanent Life Insurance Policies available in Canada, including whole life, universal life, and Variable Life Insurance. It
This blog explains the process of cancelling a Term Life Insurance Policy in Canada. It covers the potential penalties, such as non-refundable premiums and possible
This blog discusses how to choose the best Term Life Insurance company in Canada based on claim settlement. It highlights key factors such as claim
This blog covers the pros and cons of a Group Term Life Insurance Policy in Canada. It explains the affordability, guaranteed acceptance, and convenience of
This blog explains the rules of trading stocks within a TFSA, including when stock trading income becomes taxable. It covers the concept of business income,
This blog explains Money Back Life Insurance policies in Canada, including how they work, their benefits, and how they differ from other types of life
This blog covers the key factors in choosing a Term Life Insurance Plan in Canada. It discusses who should consider purchasing Term Life Insurance, such
This blog explains why you may be denied Term Life Insurance in Canada, covering factors such as health conditions, age, lifestyle choices, and financial status.
This blog explains how long Group Term Life Insurance lasts, which typically ends when you leave your job. It covers options for continuing coverage,
This blog covers how Disability Insurance works for maternity leave in Canada, explaining when pregnancy complications qualify for benefits. It outlines the process for applying,
This blog guides you through transferring money to your RRSP online, highlighting key steps, security tips, and common mistakes to avoid. It discusses different RRSP
This blog covers the approval process for Term Life Insurance in Canada, including the factors that affect approval time, such as health, age, and
This blog explains whether Term Life Insurance expires at age 65 in Canada, outlining the options available when your policy ends. It discusses how age
This blog provides a comprehensive guide to choosing the best Visitor Insurance for your trip to Canada. It covers essential factors like coverage limits, pre-existing
This blog discusses the best ways to contribute to a Registered Education Savings Plan (RESP), including monthly contributions vs. lump-sum payments. It covers the importance
A Level Term Life Insurance Policy offers fixed premiums for a set period, ensuring financial stability. The blog explains how to compare Canadian Term
This blog discusses how smokers can qualify for a Canadian Term Life Insurance Plan, how insurers classify smokers, and the impact on premiums. It covers
This blog explains how you can buy Travel Insurance and use it immediately. It covers key points on when coverage starts, how to compare Travel
This blog explains how Whole Life Insurance works, including limits on death benefits and cash value growth. It discusses factors like age, health, and interest
Here, we will take you through the details of how to claim ratios can help you with your term insurance decision in Canada. It describes what
This blog discusses Term Life Insurance policies in Canada, detailing durations from 10 to 30 years and their benefits. It guides you on choosing the
This blog explains how to choose the best Term Insurance amount in Canada. It discusses reviewing financial needs, debts, and income replacement. Readers see how
This blog details factors influencing Super Visa success in Canada. It explains essential documents, insurance coverage, and financial proof for extended family visits. The post
This blog discusses the coverage of a Critical Illness Insurance Policy for liver disease in Canada. It provides information on how policies work, what conditions
This blog is all about the cost of Term Life Insurance in Canada. It is a breakdown of the factors that contribute to the
This blog describes the role of Term Life Insurance in Canada. It talks about how the cost of Term Life Insurance is determined, how
The blog explains the waiting period for Term Insurance in Canada. It covers why this period exists, how it affects Term Life Insurance Costs, and
Term Life Insurance benefits various individuals, including families, business owners, and policyholders seeking financial protection. The blog explains how Term Life Insurance provides security for
The blog compares a 20-year and 30-year Term Life Insurance Plan in Canada, helping individuals choose the right coverage based on budget, family needs, and
This blog details how to file a Term Life Insurance claim in Ontario, Canada, explaining the most crucial steps, such as document gathering and
This blog outlines how a Term Life Insurance Policy can help cover debts such as a mortgage, personal loans, or credit cards in Canada. How
Learn about Canada’s largest Term Life Insurance providers, of which some trusted names are Manulife, Canada Life, Sun Life, and RBC Insurance, further illustrating their
The blog discusses what happens after the completion of a 15-year Term Life Insurance Policy. It talks about renewal of the policy, conversion into a
A 5-year Term Life Insurance Policy offers short-term, affordable coverage with fixed premiums, ideal for temporary needs like loans or transitioning jobs. The blog explores
This blog explains what happens when a Term Life Insurance Policy reaches its end, including options such as renewal, conversion to Permanent Insurance, or purchasing
The blog will talk about Short Term Life Insurance Plans, focusing on how they are relatively inexpensive and easy to acquire when temporary needs arise,
The blog describes the process of how to change a nominee in Term Life Insurance Policies in Canada. It focuses on keeping the beneficiary information
The blog looks into the evolution of Term Life Insurance in Canada, its beginning through modern times, and future trends. Important milestones include, the affordability
This case study explores how Harpreet Puri, a trusted insurance broker in Ontario, guided a client through complex Term Life Insurance decisions. It highlights her
The blog discusses whether affluent individuals need Term Life Insurance Policies. It states that rich people use Term Life Insurance for tax purposes on estates,
The blog elaborates on the common clauses in the Term Life Insurance Policy, including free-look, grace period, renewability, conversion, and exclusions. It identifies their importance,
A Joint Term Life Insurance Policy covers two people under one plan but comes with disadvantages such as a single payout, lack of flexibility, complications
This blog points out options for seniors aged up to 75. It explains the term lengths, costs, and why the right plans will be
Choosing the right claim payout option for your Term Life Insurance Plan ensures your family’s financial security. This blog explains payout types—lump sum, staggered payments,
The blog discusses whether a medical exam is required for Term Life Insurance in Canada, exploring options like simplified and guaranteed issue plans that skip
This blog compares Limited Pay and Regular Pay Term Life Insurance Policies in terms of their payment structures, benefits, and suitability for various financial goals.
This blog addresses the issue of when to cancel a Term Life Insurance Plan and the reasons involved, such as financial constraints or reduced need
This blog delves into the best Term Life Insurance Plans for couples in Canada, exploring Joint and Individual Policies, important features to look out for,
The blog clarifies the differences that exist between Joint Term Life Insurance Plans and two Separate Term Life Insurance Plans. It shows the features, benefits,
This blog compares Term Life Insurance and Health Insurance in Canada, giving unique benefits to each. Term Life Insurance secures the future of your family
This blog stresses the significance of an ATPD rider on Term Life Insurance in Canada, elaborating on how this rider will protect one in case
This blog delves into why Term Life Insurance claims are declined in Canada, discussing common causes like misrepresentation on applications, missed payments, lapses of
Short Term Life Insurance Policies can be temporary coverages over specified periods for particular needs, like loan repayments, job change, or parenting. Here, you will
The blog discusses what happens if you can’t pay your Term Life Insurance, including the grace period, policy lapse, and reinstatement options. It shares practical
The blog discusses factors that can disqualify you from Term Life Insurance in Canada, including severe medical conditions, risky lifestyles, non-disclosure, high-risk jobs, and financial
The blog explains the significance of attaching riders to Term Life Insurance in Canada, making them more comprehensive and flexible as per the individual’s requirements.
Learn how one can determine the best term length for a Term Life Insurance Policy, considering the financial obligations, age, budget, and long-term goals.
This blog discusses the Term Life Insurance payout process in Canada, focusing on the time period for Term Life Insurance claims and factors that may
Explore why it is great to get Term Life Insurance through a broker: Brokers represent you by giving you tailor-made recommendations and multiple free Term
The Term Life Insurance policies that banks offer often seem to be an easy choice but ultimately fail. The premiums of the plans offered by
Exploring life insurance options often leaves individuals confused between Term Life Insurance and Group Term Insurance. This is because the two share similar benefits but
Life insurance can be rather intimidating when trying to sort out. A great deal of life insurance shoppers do ask, “Is there 10-Year Term Life
When we talk about protecting our families financially, Term Life Insurance often becomes part of the conversation. Yet, one common question people ask is, “Does
With online platforms, Term Life Insurance purchases have been made an easy and accessible task in today’s digital world. However, a number of Canadians do
You have probably heard about Term Life Insurance and how it protects the financial future of your loved ones. But do you know when Term
Term Life Insurance typically gains popularity for its ease of use and affordability when determining what type of life insurance to purchase. However, as is
When discussing Term Life Insurance, one question that is common among the clients is whether they are able to have maximum coverage. People wish to
Choosing the right Term Life Insurance Plan can feel overwhelming, especially when faced with different types of policies and varying rates. Many just wonder which
Many parents in Canada need help with the appropriate financial moves for their children’s future. Among these considerations is the question of whether a child
Most Canadians wish to strike a balance between protecting loved ones and acquiring wealth while handling their finances. Considering the number of investment and insurance
When one is considering a Term Life Insurance Plan, one assumes it offers coverage for every possible scenario. Much of the financial security and promise
Many Canadians have to juggle their monthly bills for rent or mortgages, grocery bills, and utilities, to name a few. Adding an insurance premium to
Deciding on the right life insurance policy can feel like trying to navigate a maze. So many people are struggling with balance: affordability, coverage, and
As a business owner in Canada, one of the first thoughts and questions asked is whether Term Life Insurance can be considered a business expense
Term Life Insurance is one of the most popular choices for many people because it’s simple and relatively cheap. The Term Life Insurance financial protection
Term Life Insurance is possibly the simplest way to provide financial security for a term, but most policyholders have tended to think about what really
In Canada, many are still trying to determine whether a Term Life Insurance Policy can indeed be something similar to an investment. There is a
People from all walks of life in Canada search for financial security for their families in uncertain times. From young professionals building a financial future
Most Canadians can fit into one of two commonly reoccurring dilemmas when they consider their own plans for the future: Investing in a comprehensive insurance
Calculating the right Term Insurance value is a decisive step to a prosperous financial future for your family. Many Canadians face challenges when determining how
Term Life Insurance with a return on premium is one of the most promising policies for many investors searching for an insurance policy with the
Planning for future life insurance is a fundamental building block in any solid financial strategy. Many of the clients at Canadian LIC, the best insurance
It’s the Term Life Insurance claim period, which nobody thinks much about until a situation arises where a person may need to make use of
This is a common dilemma for many Canadians: Term Life Insurance versus Whole Life Insurance. Term Policies are relatively cheap, clear-cut, and provide cover for
Owning a home is sometimes a dream for many for their whole lives, but for most Canadians, this reality becomes a nightmare: making monthly mortgage
Many Canadians, especially those who are balancing family commitments, mortgages, and work obligations, often wonder how they would protect their family financially in case they
Many Canadians, during the decision-making process when choosing which life insurance plan to follow, are concerned about understanding if Term Life Insurance has a cash
Term Life Insurance is one of the most vital products for the majority of people who earn a living to ensure that their loved ones
It is especially appealing to many Canadians who have the notion of getting Term Life Insurance without necessarily going through the inconvenience of a medical
When it comes to securing your future and protecting your loved ones, a Long Term Life Insurance Policy is amongst the most efficient means of
Many will ask themselves if, on a particular life insurance plan, they really need Long Term coverage. The thought of locking in for 20 or
In securing relatively cheap Term Life Insurance, seniors in Canada who are 70 years old and older seem to be fighting a losing battle. The
Planning your financial assets is very important to ensure that, in case of some unexpected event, you can secure the well-being of your family. There
Many think that after Term Life Insurance is approved, the problems are resolved, and one is all set for the term period. In most people’s
Among the many widespread difficulties people face when making a decision about life insurance coverage, perhaps one of the most prevalent is finding out how
Term Insurance is actually one of the simplest and least expensive kinds of life insurance. However, one question that often arises is: “Does Term Insurance
Most buy a 20-Year term life in order to guarantee the security of loved ones as they raise children, pay off a mortgage, or accumulate
The major confusion regarding the terminology of life insurance policy arises regarding the maturity period. Most of the clients ask Canadian LIC about how long
Many Canadians want to know whether they can have Short Term and Long Term Disability Insurance to secure their financial stability in case of an
Moving abroad is such an exciting experience in itself, full of new opportunities, challenges, and experiences. Among all the planning and organizational tasks done, not
Planning for future education as a parent or guardian is overwhelming, to say the least. You may be focused on universities and colleges, but what
One of the most important considerations in planning to bring your parents or grandparents to Canada to stay for an extended period is Super Visa
It is one of those sensitive topics, but then it’s quite an important consideration for any individual who wants to ensure his estate gets passed
Critical Illness Insurance gives an assurance that you can cope with all the unforeseen expenses triggered by a major illness that life throws your way.
There are so many questions people ask when it comes to Disability Insurance in Canada. Do my premiums increase with time? It’s a common concern
Finding a balance between getting the right coverage and keeping it affordable is one of the major challenges most families face when researching Super Visa
Ottawa, September 2024—With public interest overarching in the past ten years due to their direct effects on the economy, housing market, and jobs, the case
You are planning a trip to Canada with your parents, spouse, or your kids. You have arranged travel; however, the one thing that is still
There is probably no other question we at Canadian LIC receive as much as, “Can I contribute to an RESP after my child turns 18?
Finding a balance between getting the right coverage and keeping it affordable is one of the major challenges most families face when researching Super Visa
Studying abroad can be a fantastic experience. Most of the time, however, there are some surprises that come along the way. Quite often, international students
Historically, Canada’s attitude toward immigrants was not welcoming; however, with changing times, policies had to change to ensure an immigration system that was balanced and
Life can change in a heartbeat. One day, everything is okay, and the next, you or someone close to you has some diagnosis that turns
When it comes to Whole Life Insurance Policies, many have frequently considered questions such as who to give their policy to when they are no
When we talk about financial planning, most people think of budgeting, saving, and investing. There is, however, one very important area that few people ever
Life Insurance for many people is something they continue to put off until they feel it is necessary, but by the time it comes, the
Mostly, a deductible is one of the most confusing aspects of Parent Super Visa Insurance. If you have been reading about Super Visa Insurance Policies,
Critical Illness Insurance plays a big factor when it comes to financial security during unfortunate times of one’s life. Whether you are aware of it
When people come to visit Canada, one of the biggest questions most face is how to secure Visitor Insurance that will correctly cover them regarding
Planning for your child’s education is one of the major essential financial moves a parent could make. The RESP is a great way to save
One of the most crucial requirements at the time of applying for a Super Visa Program to visit children or grandchildren in Canada is the
Many Canadians are standing at an important crossroads when it comes to life insurance. Are they going to go with Term Life Insurance or Whole
As the year draws to a close, once again, speculation on mortgage rates is one of the hottest topics for homebuyers and existing homeowners alike
Retirement is often viewed as the time one should take it easy, live life, and indulge in the things that time wouldn’t permit one to
Life Insurance has become an essential safety net on which many people in Canada rely to protect their families and ensure that their finances are
Coming to Canada as a visitor is an exciting and fulfilling experience, whether you are here to explore the natural beauty, visit friends and family,
You might feel both excited and nervous about your trip to Canada, especially if you’re worried about your health. What if you get sick or
Have you ever wondered how you can create your wealth safely and responsibly, particularly when conventional investment opportunities seem risky? If you’re like most Canadians,
The time has finally come when your parents have arrived in Canada on a Super Visa and are so excited to spend quality time with
You’re a hard-working tech professional in Toronto. You love your job, but a severe back injury has left you unable to sit at your desk,
John and Lisa, a married couple living in the heart of Toronto, face a common problem. They’ve been thinking about the future—about their mortgage, their
You pay for Critical Illness Insurance year after year, hoping never to use it. As you approach retirement, you wonder, what would happen if I
You’ve just arrived in the amazing city of Toronto for your long-awaited vacation. The sights, the sounds, and the energy of the city have you
Deciding on the right Registered Education Savings Plan (RESP) can be a bit complicated, especially when it’s a family plan vs an individual plan. We
You’re in Toronto, a city that’s alive but also expensive. You’ve been paying into your Whole Life Insurance Policy for years, and the cash value
Insurance in a new country can be overwhelming. Many newcomers visiting Canada face this challenge as they try to understand the difference between Visitor Insurance
When thinking about securing your child’s future through education, have you considered an RESP? In communities across Canada, an RESP isn’t just a financial decision
Have you ever wondered about your financial future and your insurance policies? Many Canadians are uncertain and confused about the cash value of their Canadian
Finally, the time has come after months of waiting; you finally have everything in place for your parents to come to Canada under the Super
Disability Insurance is a lifeline for many Canadians, providing financial support when illness or injury prevents you from working. But what if you’re feeling well
Life insurance can be a puzzle. Many Canadians are scratching their heads, wondering if they are making the right choices for their future. Imagine you
The time has finally arrived when, after months of planning, your parents have finally come to visit you in Canada. You show them around, ensure
What if you were diagnosed with diabetes—a condition that affects your health and your wallet? Many Canadians get diagnosed each year, and while managing diabetes
Canadian immigration can be difficult to understand for many. One of the most common questions we get at Canadian LIC, the best insurance brokerage, is
If you’re a parent in Canada, working, parenting, and managing all the expenses that come with raising a child, then among all the things you
Need help with Whole Life Insurance? You’re not alone. Many Canadians scratch their heads when they hear terms like “paid-up additions”. You’re planning for your
Ever feel a twinge of anxiety when thinking about applying for Life Insurance? You’re not alone. Many Canadians find the Life Insurance application process overwhelming,
Have you ever found yourself in the midst of planning a long trip to Canada to see your loved ones, only to have your travel
You just turned 65 and are thinking about the future—how will your family be taken care of when you’re no longer around? You decide to
You’ve taken out a Critical Illness Insurance plan to protect yourself and your family from financial stress if you were to fall ill. You breathe
Imagine yourself in the centre of a busy Canadian city or one of its calm lakeside towns. You or someone you are travelling with requires
Imagine: You are a parent, working and juggling house chores, looking to make savings for the education of your children. You may have heard about
Have you ever faced times when you were under such pressure that it was overwhelming, and not just for one day, but week in and
Think of a family who, after years of diligently paying one’s Whole Life Insurance Monthly Cost, suddenly faces a financial crisis, only to discover that
What would happen if life threw a curveball at you and you were not in a position to pay for your loan? Any kind of
You and your spouse have long-awaited visiting your children in Canada, who moved there many years ago. For a long time, you have wanted to
Do you want to know if you can actually change your beneficiaries on a Canadian Term Life Policy? With the addition of new members to
Imagine this: You have just recovered from a bad illness like cancer because of your Critical Illness Insurance Coverage. A year later, you are diagnosed
Imagine you have arrived in Canada to see its beauty and enjoy the modernity of its cities. During your stay here, things get overwhelming, and
When you first start planning for your child’s future, the journey ahead seems almost endless. You might ask yourself, “How long can I keep this
At Canadian LIC, we deal with vibrant individuals from all walks of life, each aiming to secure their family’s financial future daily. Among those are
If you are above the age of 85 years, and you are a parent or grandparent, and your child or grandchild has called you to
Have you ever had that nagging feeling that your current Critical Illness Insurance policy perhaps is not of such great value to your money? Maybe
Have you ever been excited about taking your family on a trip to Canada, a country with beautiful scenery and lively cities, only to get
Travelling can be an exciting experience, full of possibilities and adventures at every turn. Many worried parents-to-be have a lot of questions, especially about how
What if you go through a really hectic year? Juggling between all the work demands and family responsibilities, you note that you missed a year’s
Suppose you signed up for a Whole Life Insurance Policy when you were younger, but when you reach a milestone birthday, you realize that your
Have you ever struggled to get a Super Visa Insurance claim to proceed? You may have been in the middle of making plans when you
Are you feeling nervous about making a career change or starting your first job in the insurance industry? So many of us go through countless
You have just moved into your dream home in Canada—the paint is still fresh, and everything feels right with the furniture. A very important choice
Siksha, a 35-year-old mother of two, finally decides to buy Term Life Insurance online. She had been procrastinating on her to-do list for months because,
Think about how your evening might change if your child suddenly got a high fever that wouldn’t go down. So, you rush to the emergency
You want to spend time with your family or take in the stunning scenery, so you’re organizing a trip to Canada. When you’re ready to
You have an interview for an Insurance Advisor position in Canada, and you’re feeling a mix of excitement and nervousness. This is your chance to
Think about being at a busy family gathering where everyone is laughing and telling stories about the good old days. In the middle of all
Do you ever get curious about the taxability of the cash value of your Whole Life Insurance Policy? Let’s take a closer look at a
When a woman is in her 50s, her life often changes completely. Imagine that Maria had just turned 50. All of a sudden, she had
Have you ever been stuck in your job and didn’t know what to do next? If you want a job that provides a sense of
What if you and your family finally make it to Canada after months of planning and waiting to spend a year with your kids and
John, a 40-year-old father of two, wakes up one day and realizes the uncertainty of life. Every morning, he kisses his kids goodbye, not knowing
Imagine a sunny Sunday afternoon. You decide to go cycling with your friends, enjoying the breeze and the freedom that comes with it. But suddenly,
Did you ever get scared when you were at the insurance office and realized you left an important paper at home? Or you may get
As a parent, you might be worried that your child’s is even growing faster than the rate of inflation that you hear about every night
Think about this: On a Saturday afternoon, you’re sitting on the couch in your living room and thinking of one great way to protect the
Consider a situation where your immigrant parents are spending an extended period in Canada on a super visa, travelling across this country of immense landscapes,
Have you ever been at a family gathering, a cousin sipping coffee with you, and he proudly tells you about this new Term Life Insurance
Imagine you’ve just started a new working chapter overseas, leaving the comfort of your familiar surroundings. During this significant life change, you discover that the
Imagine landing in a new country, excited to see and take in everything there is. All of a sudden, unfortunately, you need medical attention. Stress
For the vast majority of Canadian parents, the government grants and the tax-free growth potential that’s attached certainly get one caught up in the mechanics
When it comes to financial planning, many of us think about saving for retirement, buying a home, or securing funds for our children’s education. Rarely
Say you and your best friend are talking about an uncle who lives far away in a cozy café. Listening to the story, your friend
Let’s say you’ve just found the perfect job in Toronto. The only problem is that it’s a one-year contract job. You are about to go
Sneha is a 34-year-old marketing manager and the mother of two who recently went through a health scare that made her reconsider the security of
You’ve planned a six-week summer vacation in Canada to visit your cherished daughter and her family. But as your trip winds down, your daughter asks
You have reached a noisy school supplies shop, and just a couple of weeks are left until your school starts. So, now here you stand
When it comes to securing the financial future of both yourself and your loved ones, the decision on which type of life insurance to go