Trusted Insurance Brokers In Burlington

Trusted Insurance Brokers In Burlington

There’s something that you should know about Insurance Policies. They can be very tricky to choose, especially the paperwork can be very confusing if you don’t know much about this. And if you still go ahead and try to buy a plan all by yourself, you may end up shelling more money than you thought you would. Also, you might not get the benefits that you were looking for. That doesn’t sounds good but it can happen. What you can do to avoid this is to hire our professional Insurance Brokers at Canadian LIC. Our team members have in-depth knowledge of all the policies that we offer and we can help you choose an ideal option for you based on your needs.This way, you create your financial safety net for you and your family whilst not worrying much about expenses. If you want to know more, contact our office to get service in Burlington, we will be more than happy to share all the details f the policy that you’re looking for. Schedule an appointment today!

Why do you need insurance?

The question should be why wouldn’t you need insurance. We all know that life is very unpredictable. One day you have a well-paying job that helps you secure your finances and provide a comfortable life for you and your dear ones; and the next day, you might lose it due to various reasons, or you may not be able to go to the office due to an accident or for some sort of illness.

Now, if you are the only person who has to take care of the finances of your house, then the future might look difficult. But it doesn’t have to be that way. If you buy a policy, the Insurance Company can compensate your pay and you can concentrate on recovery. An Insurance Policy can help you and your family avoid a financial crisis. In addition to that, some Insurance Policies also have a cash component to it which you can use for anything you want; be it a long-awaited holiday or buying a new car. For more details about the benefits of Insurance, contact Canadian LIC to get service in Burlington.

A complete range of Insurance Policies for you to choose from

Canadian LIC has an extensive range of Insurance Policies and Investment Plans that you can choose from. Also, you would be pleased to know that all policies can be tailored as per your exact insurance requirements. Have a look at the wide range of policies that we have to offer you. Personal Insurance Types

Critical Illness Insurance

Critical illness insurance plan gives you a one-time, lump sum payout up to the limit of policy. This insurance is to help make sure your family can continue to meet financial obligations if one of the sources of income is lost due to a critical illness or surgery

Disability Insurance

A disability insurance plan is a way to replace a portion of your income should you find your are unable to work due to a disability. No one ever knows when they’re going to become disabled nor do we know what will cause it, but this kind of insurance is designed specifically to help you despite all the uncertainty you may be facing during this time to cover your minimum payments & Daily expense

Term Life Insurance

The term life insurance plans we offer the least expensive and simplest type of life insurance you can find. Whether you need something immediately or are thinking for the future, term life insurance gives you a variety of opportunities to make sure you’re always covered no matter what you choose from 1oyrs, 20yrs or 30yrs or pick a Term

Whole Life Insurance

Whole life insurance is the permanent life insurance policy and paid out to a beneficiary or beneficiaries upon the policyholder’s death, provided that the premium payments were maintained. Whole life insurance pays a death benefit, but also has a savings component in which cash can build up, which can be taken out if needed

Mortgage Insurance

Mortgage insurance is a type of insurance that protects the family or policy holder. This plan protects you financially in the event you cannot make your mortgage payments mark of sickness or Injury so you do not default and can protect your credit score

Loan Protection Insurance

Loan protection insurance is a policy that helps a policyholder financially in times of need. If you are unable to pay your loan due to illness or due to an accident that has led to disability. By investing in this insurance, you can help pay for your monthly loan and protect yourself from being tagged as a defaulter and protect you Credit. Limit are upto 5000 for personal expense and $5000 for business expense

Universal Life Insurance

As a holder of a universal life insurance policy you have options on the terms of the contract you sign. You can select a policy that allows you to take a loan against the cash value the policy has accumulated. You can also, potentially, withdraw some or all of the cash value of the policy.

Money Back Life Insurance

If you are wondering, what happens to the premium for your life insurances plan if you survive the whole term, well, you will be pleased to know that both Whole Life Insurance and Universal Life Insurance have a built-in cash value. This comes under the money-back life insurance policy and you can get it back.

Super Visa Insurance

Super visa insurance provides medical insurance coverage for parents and grandparents of permanent Canadian citizens and residents. Super visa insurance typically covers: Emergency medical. Hospital care. Emergency dental care

Travel Insurance

Travel Insurance is a type of insurance that covers different risks while travelling. It covers medical expenses, lost luggage, flight cancellations, and other losses that a traveler can incur while travelling. Travel insurance provides comprehensive coverage against things that are likely to spoil your trip

Visitor Insurance

Visitors insurance is short-term insurance, focused primarily on medical coverage, to cover visitors during visits to Canada. The plans will generally cover new and unexpected medical conditions.

International Student Insurance

When you are applying for international student health insurance, you should know that Canadian healthcare rules and regulations differ from province to province. International student do not get Health Card, this student plan covers them all

Key Person Insurance

Key person insurance is a life insurance on the person who runs the business or is an integral part of it. If you are running a small business, which entirely depends on a key person, it is important that you get him insured

Group Insurance

Group insurance plan provides better coverage and ensures that the physical, mental and financial health of your insured employees are taken care of. It also provides you with a peace of mind and reassures your employees. Group insurance also provides cover to family members of employees. This helps employees to done Taxes

Buy Sell Agreement

A buy and sell agreement is a legally binding agreement between co-owners or shareholders. In case one of the co-owner dies or decides to leave the business, the surviving partner can buy the remaining shares of the business

Estate Planning Policies

Life insurance plays a very important role in estate planning. Estate planning also provides financial stability for your dependents and family members. It can also be used to pay taxes, fees or clear any debts

That’s not all though. You can also invest your hard-earned money in three types of accounts, these are, TFSA, RESP and RRSP, and they can be used as a saving vehicle for your children’s education, your retirement years or just as a savings account.

RESP

The Registered Education Savings Plan is ideal for any parent who wants to give their children the best college education that is possible. A nominal investment amount every month can sum up to a lot by the time your kids are ready for college. And did we mention that the Canadian government will also contribute to this programme? Contact us for more details.

RRSP

The Registered Retirement Savings Plan can be used as a savings vehicle for your retirement years. You can invest when you’re earning then when you are retired, you can reap the benefits of this plan.

TFSA

Finally, the Tax-Free savings account is exactly what the name says it is. The money you transfer into this account after Tax money, Which you invest in market & Growht earned is not taxed

With Canadian LIC, you get an extensive range of options, unlike any other Insurance Brokerage firm. We take pride in the high level of service that we offer to each of our clients no matter how big or small their needs are. Customer satisfaction has always been our top priority.

You are eligible for a Free Consultation

That’s right! If you would like to get in touch with one of our MDRT qualified Financial Advisors, just submit all your details and we will contact you as quickly as possible. You can email as well.

FAQs

A: It is advisable to keep a life insurance policy; it can help you avoid a financial crisis. Consult with our financial advisors before cancelling a plan. We can offer better options. But yes, you can cancel your plan at any time.

A: If there is a money-back clause in the policy plan, then you will get a part of your premiums. You can also renew your policy and continue with us. Contact Canadian LIC to get service in Burlington for more details.

A: It would depend on the type of policy you have purchased. You would have to get in touch with our team members for more details about this matter.

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