Canadian Lic

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About Canadian Lic

If you are new to the insurance world and don't know where to begin. Canadian LIC insurance Advisors can guide you in choosing the right insurance for your needs. We offer a wide range of insurance plans from Life Insurance to Health Insurance, RESP to RRSP, Home Insurance to Super Visa Insurance. Experts at Canadian LIC can make your insurance journey pretty smooth, especially if you are new to the insurance world and don't know how to start.

Keep It Or Cash Out? Making The Right Choice With Whole Life Insurance In Canada

Canadian Lic16 Sep, 2025Finance

In Canada, whole life insurance plans provide both protection and growth in cash value. However, should you cash out or keep your policy? In order to help Canadians make an informed decision, this article examines the long-term advantages, tax ramifications, and advantages and disadvantages. This guide assists you in making the best decisions for your future, whether you're thinking about creating legacy wealth or financial flexibility.

10 Major Changes in Higher Education Finance You Need to Know About

Canadian Lic18 Jun, 2025Finance

Find out 10 key changes to college finance that are eviscerating how families and students plan for college in 2025. Between increasing tuition rates and changes to government aid, we walk you through everything you will need to understand to get ahead. Whether you are a student, parent, or educator, understanding changes will help you make better choices and plans when you make decisions in education in the future. Read now, and plan ahead!

Can Parents Work On Super Visa In Canada

Canadian Lic13 May, 2025Finance

Wondering if you can work while on a Super Visa in Canada? This article explores the key aspects of the Super Visa, including its purpose, eligibility requirements, and limitations. The Super Visa permits the parents and grandparents of Canadian citizens or permanent residents to stay in Canada for up to two years, but it does not allow them to work. If you're looking for an opportunity to work while visiting Canada, there are other visa options to consider. Learn about alternative permits that may allow employment, as well as the application steps involved. Whether you're hoping to reunite with family or explore work opportunities, this article offers a helpful overview of Canadian immigration options.

Can I Use RESP Funds for Apprenticeship Programs

Canadian Lic09 May, 2025Education

Did you know RESP savings aren't limited to universities? If you are looking for trades or apprenticeship programs in Canada, it is possible to still be eligible to use your RESP savings. This article clarifies how to access RESP benefits for hands-on training, what programs are eligible, and how you can use your funds wisely. A must-read for aspiring tradespeople and savers, and parents!

When To Cancel Term Life Insurance

Canadian Lic05 May, 2025Finance

Is this the right time to end your term life insurance? This article discusses the considerations before canceling, including changes in life, debt, and family obligations. Find out when coverage is no longer needed or when it makes more sense to convert to a permanent policy. Learn best practices for checking financial needs and making the best decision for protection down the line. Discover when to cancel term life insurance to stop paying for coverage that isn’t truly needed.

Should both husband and wife get Term Life Insurance

Canadian Lic02 May, 2025Finance

Term life insurance is an important aspect of financial planning for families. But the question is, should both husband and wife have coverage? In this article, we are going to look at the advantages for both partners to have term life insurance, taking into account income, children, and financial objectives. PC financial situations change over time. See why and how joint coverage can help your family when the unexpected occurs in the future. Plus, determine the best way to make decisions regarding insurance that is aligned with your family's budget and situation.

Guide to Term Life Insurance

Canadian Lic25 Apr, 2025Finance

Get everything you need to know about term life insurance with this guide from Canadian LIC. You can learn all the benefits, how it works, and if it will be right for you and your family. Whether you are learning about this for the first time or looking to make the best decision for your family, this article may help you summarize and understand term life insurance policies. Read more at Canadian LIC and enjoy securing your financial future today!

What Are The Advantages Of Short Term Life Insurance

Canadian Lic24 Apr, 2025Finance

Considering short-term life insurance? With flexibility and affordability, this coverage provides a short-term option for individuals who want a temporary solution. Whether you are in-between jobs, are a student, or simply want transient coverage for a few years, this life insurance can provide you with the peace of mind and coverage you need without a long term commitment. In this blog, we explore a few of the benefits including lower premiums and simplified application processes. If you want to find out more check out our blog about the benefits of short-term life insurance.

Group Term Life Insurance & Individual Term Insurance

Canadian Lic14 Apr, 2025Finance

Not sure whether Group or Individual Term Life Insurance is right for you? We've summarized some key differences in our blog so you can understand the features and limitations of each option. Essentially, Group Term Life Insurance is offered through your employer, whereas an Individual Term Life Insurance policy will often provide a more customized product for your unique protection needs. Keep reading more on each term life insurance pros and cons, when to assess your individual needs to purchase insurance, and which term life insurance coverage option is best for the situation. All the information you need to make an informed decision is here!

Can You Cash Out a Term Life Insurance Policy

Canadian Lic25 Feb, 2025Finance

Term life insurance policies generally don't provide a cash value or payout unless the insured person dies during the term covered. Rather, the term is the temporary protection compared to whole life. There are some policies, nevertheless, with a "return of premium" option, where one gets back the premiums paid if the policyholder survives the term. The terms must be reviewed thoroughly to understand what policy options are available for your consideration and talk to an insurance expert. Many more are in depth on our blog about cashing in a term life insurance policy.