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Benefits Of Using An Insurance Broker

Benefits Of Using An Insurance Broker

By Canadian LIC, March 10, 2022, 8 Minutes

An insurance broker will solely look after your interests and sell you different types of policies at the best rates that suit your budget and specific needs.

Below-mentioned is some of the benefits of an insurance broker in Cambridge:

One of insurance brokers’ primary areas of focus is protecting you from financial risk. Our insurance brokers in Cambridge have years of experience helping you get the best insurance plan that suits your lifestyle.

Canadian LIC insurance brokers have built a solid relationship with various Insurance Companies across Cambridge to get you the best rates on insurance policies. While Keeping your budget and requirements in mind, Canadian LIC will offer you a range of policies to choose from and make a well-informed decision. The multiple options give you the freedom to choose the coverage plan and select the protection you want. Unlike an insurance agent who works for one Company, you will not get that from Canadian LIC insurance brokers in Cambridge.

Suppose you are looking for Travel Insurance, Critical Illness health insurance, business insurance, or any other kind of insurance plan. In that case, you can rely on Canadian LIC insurance brokers in Cambridge to help with any type of insurance requirement you may have. Working with a Canadian LIC insurance broker ensures peace of mind, and you can also end up saving money as they look after your best interests.

When it comes to any insurance plan, an insurance broker has expert Knowledge in this domain. Searching for the best and most affordable insurance plan can be time-consuming and expensive. Canadian LIC insurance brokers in Cambridge will help you get the protection you want and need. We will also try to get every discount available to you, ensuring substantial savings. Our goal is to help you save time and money.

When you choose to work with a Canadian LIC insurance broker, you can rest assured; the service will be quick, efficient, and straightforward. Canadian LIC insurance brokers in Cambridge will explain the coverage in detail, making sure you clearly understand all the insurance jargon. Additionally, we also help clients navigate through complicated insurance experiences with ease.

Canadian LIC Insurance brokers provide a service the way you want it. Via Zoom, phone, email, or in-person, we understand that our clients lead busy lives, and you may be required to resort to some form of technology to serve their needs.

Most insurance brokers nowadays do not offer a personal service to their clients, and it can be frustrating. We must keep in mind that the client’s needs and time must be valued. At Canadian LIC, our insurance brokers in Cambridge are not only experienced but also professional and friendly and will respect your interests, ensuring you get the best service possible. Each time a client gets in touch with us with a query or a claim, we ensure to resolve their needs in the best possible manner.

Canadian LIC insurance brokers have years of experience in the insurance market and know exactly how to meet your insurance needs. We represent several insurance firms that have a solid reputation and give them a fair opportunity & Knowledge to our clients to purchase their insurance plans. Every Company provides different strategies at different prices. Our job as insurance brokers is to assess the quotes and offer advice if we think this policy meets clients’ budgets and needs. Keep in mind that a low-cost plan can cost you much more than a slightly higher insurance plan. You can have peace of mind knowing that Canadian LIC insurance brokers are advisors and not salespeople. Your  & Your family’s financial protection is our aim. We will not convince or force you to buy an insurance policy that does not meet your budget and needs.

When it comes to insurance, you require the help of an insurance broker. Canadian LIC insurance brokers in Cambridge are licensed and experienced professionals who have taken all the required professional courses to grow and develop their skills. At Canadian LIC, insurance advisors must attend weekly seminars and meetings to keep them up with the insurance market. Our insurance brokers know a whole deal about insurance and are here to help.

Because we represent various insurance companies, we do not have a loyalty to sell insurance products of only One Company. Remember, we do not work for an insurance company; we are independent brokers, and our commitment lies with our customers.

It can be a hassle when making an insurance claim. As clients, You want to know when the issue will be resolved. Canadian LIC insurance brokers in Cambridge know the claims process all too well and will assist you in navigating through the complicated process of claims resolution. Canadian LIC work on your behalf, including communicating with the insurance company to help get things resolved as quickly as possible. We are always happy to help.

In a few instances, when you purchase an insurance plan, you don’t usually hear from the Company again until it’s time to renew the policy. Canadian LIC insurance brokers in Cambridge do not operate like that. Our commitment towards providing our clients with ongoing care is second-to-none. You can rely on us to offer assistance whenever you require it.

Get The Best Insurance Quote From Canadian L.I.C

Call 1 844-542-4678 to speak to our advisors.

The above information is only meant to be informative. It comes from Canadian LIC’s own opinions, which can change at any time. This material is not meant to be financial or legal advice, and it should not be interpreted as such. If someone decides to act on the information on this page, Canadian LIC is not responsible for what happens. Every attempt is made to provide accurate and up-to-date information on Canadian LIC. Some of the terms, conditions, limitations, exclusions, termination, and other parts of the policies mentioned above may not be included, which may be important to the policy choice. For full details, please refer to the actual policy documents. If there is any disagreement, the language in the actual policy documents will be used. All rights reserved.

Please let us know if there is anything that should be updated, removed, or corrected from this article. Send an email to [email protected] or [email protected]

Why You Should Use An Insurance Broker?

Why You Should Use An Insurance Broker?

By Canadian LIC, February 14, 2022, 8 Minutes

Insurance brokers are licensed professionals who help individuals with their insurance needs, including identifying the right policy based on their specific needs and budget.

What is an Insurance Broker, and what do they do?

A professional who is an expert in the field of insurance and provides professional advice and continuous service as per the needs of its customers whenever required is an insurance broker. If you are new to the world of insurance and don’t know what to do, then an insurance broker can make everything quite simple and smooth.

They research and provide the best possible insurance solutions as per individual needs. You get access to insurance which offers the best value and peace of mind with the knowledge of an insurance broker. An insurance broker looks after all your insurance needs, thus saving you your time, money and all the worry. They will suggest you a variety of products within your budget after assessing your exposure to risk.

You can gather more information on insurance brokers through the government website as well.

Who should go with an Insurance Broker?

The below-mentioned types of buyers get the most benefits from using an insurance broker to buy insurance:

Top 11 Benefits of Insurance Brokers in Canada

Below mentioned are the reasons you should use an insurance broker in Brampton:

Can we trust an Insurance Broker?

Insurance brokers usually get commissions from the insurance companies for the many types of insurance they sell if they are able to sell it successfully. These insurance agents work with a number of insurance providers, so there are very few chances of them having a monetary bias for any one particular product. Hence they are unbiased and impartial parties and provide you with a policy that would be in your budget as per your requirements from so many different insurance companies in their knowledge.

Do Insurance Brokers Understand the Products They Sell?

You will definitely be able to make a much better decision if you buy insurance through an insurance broker rather than directly from any insurance company. An insurance broker’s job is to have all the best knowledge about the best insurances available in the market from the best insurance companies and hence will advise you for one which is perfect for your budget. These insurance brokers in Canada are very well aware of the application requirements, coverage terms, and pricing.

Whatever insurance you are looking for, be it critical illness insurance, disability insurance, life insurance, etc., you can easily buy through an insurance broker in Ontario after comparing them with each other. Mostly all the insurance brokers cover all types of insurance, but you might find a few who specialize in specific ones. So if you want an expert opinion on a particular insurance, you can go to these types of insurance brokers in Canada.

The Benefits of Working with an Insurance Broker in Toronto

Alongside helping you choose the ideal insurance policy for you and your family, working with expert insurance brokers has its advantages. Here’s how you will benefit from hiring an insurance broker in Toronto before choosing a policy:

Get The Best Insurance Quote From Canadian L.I.C

Call 1 844-542-4678 to speak to our advisors.

Some Tips On Choosing The Right Insurance Broker​

Although there is no established formula for finding the right broker for your insurance needs, what you should look for is someone who has a minimum set of attributes to shift through several policies and identify the right option for you. Here are some tips that can help you hire an insurance broker:

Process of Application

During the Application process, certain documents will be needed from you, such as:

There are certain insurance policies that might even require you to go for a Health Exam before the issue of the policy, but it has become really rare now. 

Whatever situations you might be facing for the type of insurance you are dealing with, you will have complete guidance and support from the insurance broker in Toronto you are working with. A few things to consider before making your decision to buy your policy are as follows:

If in case you have missed anything or want to add to your plan, your broker should be able to do that for you effortlessly. Once you have made up your mind, the insurance broker will complete the application process and will proceed with the payment process for you. If you are required to make a claim, the broker might also support you after the coverage gets life.

To learn more about the application process, you can read – Getting an Insurance Policy.

What is the cost of buying Insurance from the Best Insurance Broker in Canada?

An insurance broker is paid by insurance companies and not by clients. They cannot charge a fee; if they do, then it might be a scam. 

You only have to pay the fee for the insurance policy you buy but not any fee to the broker. The prices of different insurance policies vary to a great extent as per their type and coverage.

In fact, if you buy insurance from an insurance broker in Canada, it might be cheaper than buying directly from the insurance company. This happens because the insurance broker provides you with various discounts and also negotiates the price of the plan. You can even take the benefits of rebates by bundling different policies together.

Thus to put it in simple terms, you might experience a vast difference in the cost of insurance when you buy it through a broker but not in any case, you will have to pay fees to the broker. You will only have to pay the price of the insurance policy you are buying after you have made the decision to buy it.

Get The Best Insurance Quote From Canadian L.I.C

Call 1 844-542-4678 to speak to our advisors.

Other Insurance Buying Options​

You can even buy your insurance directly through the insurance company or work with an agent if you are not interested in buying through a broker. But if you do so, then you will lose the biggest benefit of comparing different insurances available in the market. If you decide to work with an agent, it is best advised to do your proper research so that you are able to grab the best deal for your plan. 

Final Thoughts

Hiring an insurance broker can be difficult, but if you choose our team at Canadian LIC in Toronto, you will be hiring a team of professionals who can help you get a tailored insurance policy at affordable premium rates. Please schedule a consultation today; we look forward to meeting you. We are based in Toronto.

The above information is only meant to be informative. It comes from Canadian LIC’s own opinions, which can change at any time. This material is not meant to be financial or legal advice, and it should not be interpreted as such. If someone decides to act on the information on this page, Canadian LIC is not responsible for what happens. Every attempt is made to provide accurate and up-to-date information on Canadian LIC. Some of the terms, conditions, limitations, exclusions, termination, and other parts of the policies mentioned above may not be included, which may be important to the policy choice. For full details, please refer to the actual policy documents. If there is any disagreement, the language in the actual policy documents will be used. All rights reserved.

Please let us know if there is anything that should be updated, removed, or corrected from this article. Send an email to [email protected] or [email protected]

What is super visa insurance and what does it cover?

Who and all are eligible to open an RESP in Canada?

By Canadian LIC, January 21, 2022, 3 Minutes

The start of 2011 saw the government of Canada allow parents and grandparents of permanent residents and Canadian citizens to visit their dear ones in the country through a Super Visa. This visa gives them the freedom to visit the country multiple times without going through the hassle of applying for a visa with every re-entry. The visa is valid for ten years, and the individual can stay up to two years at a time. The process is simple; the person that is applying for a super visa must purchase an insurance plan from any Canadian insurance company, and they must also present proof that their child/grandchild will take care of them financially during their stay in the country. They must also have a sufficient amount of income in the bank under the guidelines of the Immigration Refugees and Citizenship Canada (IRCC).

Once the IRCC approves your super visa application, and you have purchased the insurance policy, they are free to enter Canada as many times as they like for the next ten years. Unlike a straightforward visit visa, where the person can stay for up to only 6 months, the super visa allows the person to stay in the country for a maximum period of two years upon their arrival. Another benefit of super visa insurance is that it is affordably priced.

With super visa insurance, you can rest assured; your parents or grandparents will get the necessary medical attention in the event of an unfortunate medical emergency during their stay in Canada. The insurance plan gives them access to some of the best healthcare facilities in the country that the residents use.

What does super visa insurance cover?

Super visa insurance provides medical coverage for grandparents and parents of permanent residents and Canadian citizens. Below-mentioned is what a super visa insurance plan typically covers:

Please keep in mind that every super visa insurance policy is different and ensure that you get expert help from the professionals at CanadianLIC to help you, especially if you have any pre-existing medical conditions.

Get The Best Insurance Quote From Canadian L.I.C

Call 1 844-542-4678 to speak to our advisors.

The above information is only meant to be informative. It comes from Canadian LIC’s own opinions, which can change at any time. This material is not meant to be financial or legal advice, and it should not be interpreted as such. If someone decides to act on the information on this page, Canadian LIC is not responsible for what happens. Every attempt is made to provide accurate and up-to-date information on Canadian LIC. Some of the terms, conditions, limitations, exclusions, termination, and other parts of the policies mentioned above may not be included, which may be important to the policy choice. For full details, please refer to the actual policy documents. If there is any disagreement, the language in the actual policy documents will be used. All rights reserved.

Please let us know if there is anything that should be updated, removed, or corrected from this article. Send an email to [email protected] or [email protected]

What are RESPs, and Reasons to Open an RESP?

What are RESPs, and Reasons to Open an RESP?

By Canadian LIC, December 8, 2021, 8 Minutes

A Registered Education Savings Plan (RESP) is an education savings plan initiative from the Canadian government that gives individuals the opportunity to save for their children’s post-secondary education. This tax-free savings plan allows you to save money periodically and help your children go after their professional dreams without you having to break the break by paying for high-interest loans. As mentioned above, the investment made in this savings plan is free from taxes, which means there will be no taxes on income on interests, capital gains. The most significant advantage of a Registered Education Savings Plan in Canada is that the government contributes a portion to the education savings plan. Over the life of the RESP, you can get up to $7,200 from the government.

To find out more details on RESP, please do not hesitate to reach out to our team at Canadian LIC today.

Who and all are eligible to open an RESP in Canada?

This savings plan offers a lot of flexibility to the applicants. The plan can be opened by your parents, grandparents, relatives, or even friends. Please note – The beneficiary and the person who opens the account must be a Canadian citizen.

Reasons to open a Registered Education Savings Plan (RESP)

Give Canadian LIC in Brampton a call today at 416 543 9000 to open an RESP in Canada or schedule an appointment with our team.

Get The Best Insurance Quote From Canadian L.I.C

Call 1 844-542-4678 to speak to our advisors.

The above information is only meant to be informative. It comes from Canadian LIC’s own opinions, which can change at any time. This material is not meant to be financial or legal advice, and it should not be interpreted as such. If someone decides to act on the information on this page, Canadian LIC is not responsible for what happens. Every attempt is made to provide accurate and up-to-date information on Canadian LIC. Some of the terms, conditions, limitations, exclusions, termination, and other parts of the policies mentioned above may not be included, which may be important to the policy choice. For full details, please refer to the actual policy documents. If there is any disagreement, the language in the actual policy documents will be used. All rights reserved.

Please let us know if there is anything that should be updated, removed, or corrected from this article. Send an email to [email protected] or [email protected]

How to Apply For a Super Visa Insurance?

How to Apply For a Super Visa Insurance?

By Canadian LIC, December 3, 2021, 8 Minutes

Super Visa Insurance is a unique insurance for parents and grandparents of citizens and residents of Canada who have been staying in Canada for a long duration. Whatever medical emergencies arise during the stay of your parents and grandparents are taken care of by Super Visa Insurance.

What is a Super Visa and Super Visa Insurance?

A visa that allows the parents and grandparents of Canadian citizens or residents to come to stay in Canada to meet them is what is known as a Super Visa.

Usually, someone coming to Canada can only stay for a duration of six months if he/she has a visitor’s visa, but a super visa allows the visitors to stay in Canada for as long as five years, and they can also come again a number of times within the five years time.

The best part is a super visa holder can also get a two-year extension if they apply for it. After your approval, your super visa insurance will stay valid for up to 10 years. Isn’t it amazing?

Now let’s come to Super Visa Insurance. Super Visa Insurance is a particular kind of travel medical insurance for super visa holders that helps in paying for any medical emergencies coming up when your relatives get sick or hurt during their stay in Canada. This type of insurance is specifically made to meet the super visa requirements, so it is essential to have sufficient insurance if you want a Super Visa.

If you want to know about Canadian Super Visa Insurance in detail you can read – Everything You Need To Know About The Canadian Super Visa Insurance

What are the Super Visa eligibility requirements?

To meet super visa eligibility, the person who is applying for it must:

What are the requirements for super visa insurance?

Mentioned below are the minimum requirements for a Super Visa Insurance:

Click here to learn more about Super Visa Insurance and what it covers.

Learn in Detail on How to Apply for Super Visa Insurance.

Super visa is for those individuals who applied for the Parents and Grandparents Sponsorship Program (PGP) but did not get it or for those who did not apply at all. It is the next best option that does offer the applicant permanent residency, but they can stay for up to five years. This multi-entry visa is valid for up to ten years, explicitly designed by the government for parents and grandparents visiting Canada. 

Contact Canadian LIC today to learn more about Super Visa Insurance.

How can I apply for Super Visa Insurance?

Now let’s review again and clearly understand the process of applying for a Super Visa Insurance in detail.

The Immigration Refugees and Citizenship Canada (IRCC) requires applicants to meet the following criteria when applying for super visa insurance:

Do not worry; Canadian LIC can offer the right insurance plan to suit your super visa needs.

1) Letter of invitation from the host:

2) The host must meet the minimum income requirements set by the IRCC

3) Biometrics

When applying for a super visa, the applicant has to give their biometrics (photograph and fingerprints). The host can apply for super visa insurance for their parents or grandparents in two ways:

Get The Best Insurance Quote From Canadian L.I.C

Call 1 844-542-4678 to speak to our advisors.

Applying for a Super Visa online

If the applicant decides to apply for a super visa online, they should:

Applying for a Super Visa by paper

Unlike the online process, where everything is automated once the documents are uploaded, applying for a super visa has to be done manually. The applicant must fill out all the forms and pay the fee. Below mentioned is the procedure for applying for a super visa by paper:

After applying for super visa insurance for your parents or grandparents, they must send in their visa application and wait for the update on the website. To find more information on super visa insurance, please do not hesitate to contact the team at Canadian LIC today to schedule an initial consultation. Based in Brampton, we offer Super Visa Insurance in Brampton and all over the country.

If you are not able to make a decision for yourself and you need some expert guidance, then we are here for you. We will be happy to hear all your queries and provide the best possible solution as per your conditions. Book an appointment with us today, completely free!

Get The Best Insurance Quote From Canadian L.I.C

Call 1 844-542-4678 to speak to our advisors.

Is it necessary to buy a Super Visa Insurance policy in Canada?

No, you do not have to buy super visa insurance in Canada physically. The only thing you have to ensure is to purchase it from a Canadian insurance provider. However, you can purchase the policy from Canada or anywhere else but you can only apply for the visa from outside Canada.

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Accordion Title Two

Anim pariatur cliche reprehenderit, enim eiusmod high life accusamus terry richardson ad squid. 3 wolf moon officia aute, non cupidatat skateboard dolor brunch. Food truck quinoa nesciunt laborum eiusmod. Brunch 3 wolf moon tempor, sunt aliqua put a bird on it squid single-origin coffee nulla assumenda shoreditch et. Nihil anim keffiyeh helvetica, craft beer labore wes anderson cred nesciunt sapiente ea proident. Ad vegan excepteur butcher vice lomo. Leggings occaecat craft beer farm-to-table, raw denim aesthetic synth nesciunt you probably have not heard of them accusamus labore sustainable VHS.

The above information is only meant to be informative. It comes from Canadian LIC’s own opinions, which can change at any time. This material is not meant to be financial or legal advice, and it should not be interpreted as such. If someone decides to act on the information on this page, Canadian LIC is not responsible for what happens. Every attempt is made to provide accurate and up-to-date information on Canadian LIC. Some of the terms, conditions, limitations, exclusions, termination, and other parts of the policies mentioned above may not be included, which may be important to the policy choice. For full details, please refer to the actual policy documents. If there is any disagreement, the language in the actual policy documents will be used. All rights reserved.

Please let us know if there is anything that should be updated, removed, or corrected from this article. Send an email to [email protected] or [email protected]