Insurance Service

Disability insurance in Canada, often referred to as "disability income insurance" or income replacement insurance," is an excellent insurance plan that is designed to provide complete financial support to many individuals who are unable to work due to a disability or injury.  It is true that even if you take precautions, disability can naturally occur to you. It is also better to opt for a disability insurance Canada quote from a genuine agency.  Types of Disability Insurance: a. Short-Term Disability Insurance:  This kind of disability insurance Provides benefits for a limited duration, typically covering the early stages of disability. The waiting period for benefits to begin is relatively short. b. Long-Term Disability Insurance:  This kind of disability insurance offers benefits for a more extended period (often until age 65) if the disability prevents the insured person from working. The waiting period for benefits to start is usually longer compared to short-...

Are you visiting your children or grandchildren in Canada? You must be going to apply for a super visa to be able to stay there for up to two years. But, have you gotten medical insurance to complete the visa process? If you don’t have any idea why you need medical insurance, and the requirements and the cost of such insurance plans, here we have covered all those queries. Here we have discussed some frequently asked questions about super visa insurance that the parents and grandparents of Canadian citizens or permanent residents need to know while applying for a Canadian super visa . Why Apply for a Super Visa Insurance Plan? Emergency health insurance for visitors to Canada or super visa applicants is mandatory. the medical costs in Canada can be highly expensive depending on the age of the traveler. So, they need coverage for pre-existing medical conditions or emergency medical expenses to get peace of mind. So, it is necessary to buy a super visa insurance plan beforehand to avoid ...

Are you looking for a disability insurance quote in Canada because you know these quotes can protect you against different types of disability issues? This insurance can assist you by protecting you and your family from an unexpected illness or accident. Such incidents might leave you unable to work and cut into your income. Generally, the ideal disability insurance policy replaces almost 60% to 85% of your monthly income for a specified time frame.  People who temporarily can not work and earn People who are permanently disabled due to injuries or illness Permanent issues refer to the chances of disability. But that does not mean you will benefit from them for the rest of your life. What to consider when buying disability insurance?  If you are considering disability insurance, you must consider some basic yet vital things.  Talk with your company and ask if they have already provided disability coverage with your employer's plan. Check around and buy private disability...

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...

  The Super Visa is a great opportunity for parents and grandparents of Canadian citizens and permanent residents to spend time with their families in Canada.  In order to obtain a Parent or Grandparent Super Visa for Canada, applicants need to have valid emergency medical insurance. Super Visa applications need a proof that they have purchased private emergency medical insurance valid for a minimum of 1 year, from a Canadian insurance company and that it: Gives coverage for emergency medical care, hospitalization and repatriation Offers a minimum coverage of $100,000 Has validity for each entry to Canada and is available for review by a port of entry officer Discuss with a reliable insurance brokerage company about the super visa medical insurance cost . How Can You Become Eligible for A Parent and Grandparent SuperVisa? The applicant should be the parent or grandparent of a Canadian citizen or permanent resident of Canada  The applicant should have a signed letter from...