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A life insurance plan is an essential financial product that protects your loved ones from financial losses, in case something bad happens to you during the period of policy coverage. In your absence, your family members can use the policy payout to use it to pay off loans, monthly medical and other expenses. Life insurance can help your family or nominee to go through tough times without any major financial difficulty.  But, the majority of people face difficulties in purchasing life insurance. Below mentioned are a few of the many steps that one needs to consider when buying life insurance. Determine Your Insurance Requirements First and foremost, before investing your money in any life insurance, you need to assess your insurance needs. You can consult with an insurance agent who can help you in evaluating your insurance needs and recommend the best coverage that provides financial protection to your family after your death.  Compare Various Insurance Plans Nowadays, there...

Did you know that one in five people in Canada will have one or more disabilities? If you are unable to earn a living as a result of an injury or illness, disability insurance Canada protects both your paycheck and your loved ones. Disability insurance is crucial because nobody knows when an unexpected illness or injury will strike. Disability income insurance is a legally enforceable contract between the policyholder and the insurer. In return for paying your charges, the guarantor consents to pay you a month-to-month benefit if you become disabled and can't procure a check. Disability protection has a straightforward objective — to replace part of your month-to-month pay when you can't work due to a physical issue or a disease. It supports you and your family by enabling you to purchase groceries, pay bills, and cover other costs. Your coverage may be exempt from tax, depending on who pays the premiums. What is covered by disability insurance? Disability insurance Canada pa...

Very few people are lucky, who had not to use critical illness insurance. Many people have not even heard about critical illness insurance. But when any serious health emergency happens namely stroke, heart attack, or cancer there is only one thing that can prevent your financial ruin.       People often purchase health insurance to protect themselves and their families. But when the cost of a life-threatening disease goes exorbitant mere health insurance cannot cover all of that. This article provides you with detailed information on critical illness insurance in Canada , and why it should be your top priority.  Key Points: As an extra shield to protect yourself from medical emergencies, there is no match for critical illness insurance There are some medical emergencies that cost you more than any average medical cost and critical illness insurance is meant to cover those expenses.  The illnesses covered by critical illness insurance need large-scale med...