These two insurance policies are among the most sought-after insurances amongst our clients. With Term Life Insurance, you will have the option to keep insurance coverage for up to 30-40 years, while with Whole Life Insurance (as the name states), you will have coverage for the entirety of your lifetime. Both insurance policies come with death benefits. However, the advantage of Whole Life Insurance over its counterpart is that with this policy, you also get a cash component that you can use as a savings vehicle.
These two insurance policies are among the most sought-after insurances amongst our clients. With Term Life Insurance, you will have the option to keep insurance coverage for up to 30-40 years, while with Whole Life Insurance (as the name states), you will have coverage for the entirety of your lifetime. Both insurance policies come with death benefits. However, the advantage of Whole Life Insurance over its counterpart is that with this policy, you also get a cash component that you can use as a savings vehicle.
If you, as a professional worker, cannot go to the office or do your work due to a disability, Disability insurance can help you and your family with monthly expenses. This policy works on top of your standard life insurance policy, and it can help you lead a standard lifestyle during difficult times.
A Loan Protection Insurance is what it sounds like. The main objective of this policy is to protect you from being a defaulter while you pay off a loan. Emergencies do not come with a warning sign, and due to this, if you are not able to pay your monthly repayment once, the insurance company will take care of it.
Planning to study in Canada? If your answer is yes, it is mandatory for you to purchase this International Students’ Insurance. It will act as your health insurance while you study here. You can contact our team at Canadian LIC in Kitchener for more details; we will be more than happy to help you
With Key Person Insurance, your customers, stakeholders, and employees can be reassured that your business will still continue even after the loss of a key figure. The benefit received can be used to pay off loans and manage creditors too. Key Person Insurance sees to it that your daily operation keeps on running smoothly even after a key-business person has departed.
If you are running a corporation, you would already know the function of a Buy-Sell Agreement; it can be looked at as a legally binding contract that states how the shares of a business partner would be segregated or reassigned in the unfortunate of them passing away. Other circumstances that can come under this contract can be the partner leaving the business or being physically incapable of not continuing with the business. Our team can help draw out a buy-sell agreement Insurance that can also stipulate the available shares to be sold to the remaining partners.
Tax-free saving accounts are great if you want to shelter your hard-earned cash from the Tax department. You can contribute a certain percentage of your annual income to this account and see it grow over time without being taxed for it.
RRSP or Registered Retirement Savings Plan can be the ideal savings vehicle for you to start saving for your golden years. With this policy, you can be financially independent when you have retired from your day job or business. You will have the option to withdraw before as well, in case you need funds for any type of emergency.
At Canadian LIC, we offer personalized service and multiple insurance options to our clients. Let our team help you with your insurance needs, book an appointment today!
Call us at 1 844-542-4678 to request a free quote or apply online!