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Insurance Broker Burnaby
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Insurance Broker Burnaby
Canadian LIC is the trusted insurance broker in Burnaby, which exists solely to offer you specialized guidance and advice regarding different insurance options. We aim to demonstrate that we offer you and your family the best insurance coverage possible. By offering the appropriate insurance advice, we consistently and constructively provide a range of services against your needs. Let us have a look at the range of services we are offering in Burnaby.
Services we offer:
We provide you with a range of services under several categories. Let us have a look at them:
Insurance:
We offer you multiple types of insurance which provides you with various coverage under the insurance policies.
Although recent developments in medical technology have given us extraordinary access to therapy, our team of insurance brokers in Burnaby is available throughout the GTA to assist you in choosing the best insurance for you and your family with stability during extreme ambiguity.
We are aware that there is no warning that you may become incapacitated and unable to work. Disability insurance can assist you and your family in meeting your financial obligations in the event. Canadian LIC’s financial advisor can help you to know about the disability income insurance that’s appropriate for you and help you in choosing the right coverage.
Your mortgage insurance can ensure that your mortgage is paid if you take a prolonged leave of absence from work. If the residents cannot satisfy their financial commitments, Canadian LIC ensures that their mortgage premiums are paid. Your mortgage type and the amount of the down payment you made when you bought your home are the two elements determining your premium.
Our loan protection insurance coverage may be useful when the policyholder needs money if you become ill or have an accident that leaves you disabled and unable to pay back your loan. By purchasing this insurance, you can safeguard your credit, avoid being labeled as a defaulter, and contribute to the monthly loan payment.
Our Insurance company is currently offering special COVID-19-related medical costs. Canadian LIC’s insurance broker in Burnaby may alter your emergency medical insurance coverage due to the always-shifting environment. When a patient receives treatments from the hospital that is not covered by insurance, prepayment of patient expenses is necessary. The requested deposit will cover three (3) days of inpatient care. Only a basic assessment is included in all ER and outpatient visit fees.
We provide comprehensive yet reasonably priced international student insurance policies that are made to satisfy visa requirements and include essential protection that schools require, such as health, sports, and maternity travel. We have a plan to suit every international student’s budget and needs, thanks to the various levels and plans we offer.
Life insurance:
The most affordable and straightforward form of life insurance you can get is our term life insurance. With term life insurance, you have several options to ensure you’re always protected regardless of what you require, whether you’re planning for the future or have an immediate need.
With this type of life insurance, you don’t need to present any documentation of your physical health or go to the doctor for a physical examination; instead, your coverage is determined based on a few straightforward questions.
Our whole life insurance protects all of your financial needs. You won’t ever have to be concerned about increasing monthly premiums because it has a fixed premium rate. You will have coverage as long as you are making your premium payments. However, you can benefit from additional advantages to whole life insurance.
We provide flexible premium payment options with our universal life insurance, a type of permanent life insurance. You can choose between a premium death benefit and the cash savings element offered by Canadian LIC. As the policyholder ages and interest rates fluctuate, our premium prices may too.
You can borrow money against or cash out the savings element of our universal life insurance, which increases tax-deferred throughout your lifetime. You may borrow against the accrued cash value as a Universal life insurance policyholder without paying taxes on the proceeds.
However, there will be a cash surrender charge and interest based on the loan amount. You can either sell your universal life insurance policy or liquidate the cash value portion and cancel it, but a surrender fee will be charged.
We provide million-dollar policies to families who would need a sizable sum of money to survive if the only source of income passed away. This policy adds up all your debts, daily expenses, and other costs like further education.
If so, you might comprehend that a million dollars are not dissimilar from what is needed to get by. A million-dollar life insurance policy is something you should think about getting if you want to make sure your family is taken care of after you pass away.
With our money-back insurance, you acquire a standard term life insurance policy and a premium rider return. The money-back option of our insurance brokers in Burnaby will be valid for the entire duration of your plan. You receive a portion of your sum assured during our money-back period policies. The entire amount insured after the maturity period is used to calculate this percentage. Your family will receive the entire insured sum after your term to maturity in the case of your death, with the average percentage remaining unaffected.
When there is a chance that citizens will be reunited with their parents or grandparents, our Super Visa insurance policy provides you with a fair chance. Our insurance policy can cover your parents and grandparents because it permits multiple entrance visas.
A Super Visa Insurance policy is one of the best options if you’re looking at parental sponsorship. Our Super Visa insurance covers pre-existing medical issues that are not covered by OHIP or your own health insurance plans. Pre-existing health issues are covered by some plans, whereas other plans also cover steady pre-existing illnesses.
In our Travel Insurance policy, you may select various levels of protection. However, our travel insurance plan does, for the most part, cover unforeseen medical expenses incurred while traveling. Canadian LIC’s insurance brokers in Burnaby make available plans that protect both frequent travelers and those who only go on vacation occasionally. You have the option to choose between daily and yearly coverage! With our travel insurance, you can select a plan for just one trip or coverage for an entire year, including as many journeys as you want.
Travelling is a fun experience no matter where you go. We don’t want your trip ruined by a medical emergency or other travel-related problem. That’s where our Visitor Insurance enters, whether you’re just traveling on vacation or staying for business or school. Traveling to a new place is something many of us look forward to.
A wide range of benefits is included with this policy, including emergency health care, which could include ambulance services, hospitalization, prescription medication, outpatient treatment, oral crises, etc. All pre-existing ailments are included, as you should be aware.
Business Insurance
In this Personal Insurance, we provide a policy where the principal insured party will assist your firm in surviving the passing of the individual who manages and sustains it. The business may use the insurance proceeds while you search for a suitable replacement for the key employee. In addition, it can be utilized to pay off employees and debts. The crucial insurance will support your business in trying times.
Group Insurance provides excellent coverage and looks after your protected personnel’s physical, emotional, and monetary well-being. Further, it reassures your workers and gives you comfort. Employees’ families are also covered through group insurance.
Investments:
You can save money in RRSP, RESP TFSAs, or tax-free savings accounts to invest in certain types of securities. Your savings from dividends, interest, and investment income are entirely tax-free. These savings are always accessible.
An RESP would be established for your ward while they were small if you were their parent or guardian. Until the recipient turns 18, the RESP policy can be opened whenever you like. Everyone engaged in your child’s upbringing might feel like they are preparing them for a bright future by contributing to this investment plan once the account has been set up, especially relatives and other guardians.
Our team is ready to help you, whether you need guidance on how to invest in a certain form of insurance or require help with any paperwork.
You only need to talk to us about your needs; our team will handle the rest. Because of the dedication and effort put forth by our staff and the years of experience we have in this field, you can be confident that you will always receive high-quality services.
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