Insurance FAQs

We are independent Insurance Broker deal and Represent All Major insurance Companies Likewise Manulife , Canada Life , IA , Desjardins , Travelance , TUGO , Destination , Allainz , Sunlife , Ul Mutual Etc.

Policies for supervisa are very flexible , Client get 100% back if visa refused and there will be partial refund if insured returned back home before expiry date , Conditions Apply

Deductible is the amount of money , insured have to pay from his own pocket at the time of claim. Some of the companies have deductible per claim and few of them have ded. per policy , even there are companies waive off ded. also if insured stays in hospital more than 48 hrs .

it all depends nature of claim and how big is the claim but most of the time when person is hospitalized and amount is too much , claim admin. pay directly to service provider , but yes every claim hv to be underwritten before paid , These are not pre-approved policies

Yes , There is partial refund options with All companies if client return back home before expiry date of the policy ( Conditions Apply )

Emergency means any unforeseen accident or sickness that requires immediate Treatment to Prevent or Alleviate Exisiting issue to health or life .

Benefits and Exclusions wise both have same policy wordings but for supervisa policy , as per cic guidelines person have to purchase policy for a year ( Annually or Monthly ) but should be valid for a year but in case of visitor to Canada policy , client can buy for any specific duration or days the person is travelling or staying in Canada.

Immigration Canada recommends at least $100,000 of medical insurance coverage as hospital costs for visitors to Canada can run $3,500.00 - $5,000 per day , But there is no obligation , client can purchase from $10,000 To $300,000 , Any Amount he can choose !

Most Visitors Insurance policies can be extended. Just call us or your insurance company prior to the expiration of the policy. The insured person must be in good health and not have any pending medical claims for further extension.

Insurance premium is the same whether the plan is purchased directly from an insurance company or through a broker , Working with a broker gives you some advantages: - We offer compare one stop shopping for Visitors to Canada Travel Medical Insurance. - We work for our clients, not for an insurance company. - We offer claim support for our clients. - We offer experience and knowledge to help you make the right decision.

To make a claim, you will need to complete a claim form and attach the original medical bills, receipts and invoices (always make a copy for your record) and mail them to your insurance company. All claims should be reported as soon as possible and all original documents have to be transmitted to the insurance company within 90 days. All insurance companies have Claim Assistance telephone numbers. For more information on how to make a claim, please, call Us or claim assistance number mentioned on confirmation page

Every insurance carrier has its own investment philosophy, financial strength, culture and expertise. It’s important that your insurer: has a conservative investment philosophy so you can be sure the proceeds of your insurance are well protected for your beneficiary, is financially stable, and is focused on you, the client. Industrial Alliance, which is among the top 4 Canadian Insurers, underwrites the EquiBuild plan. With over 125 years of experience, $170 billion in assets under administration, and their dedication to prudent financial management, iA’s aim is to be known as a Canadian insurer that, together with its distributors, continuously meets and exceeds clients’ expectations.

Author: The Link Between You and your spouse may share a bank account, a home, or a business. How about an insurance policy? There are good reasons to consider joint insurance coverage – commonly known as ‘joint last-to-die’, a single contract based on the lives of two or more individuals. This type of coverage makes sense when the individuals insured share a common liability that will only arise upon the death of the second person, usually a spouse. Compare this to single life coverage which is based on the life of one individual and provides funds on death to cover an immediate need – an appropriate form of insurance coverage for many. It is common tax planning to “roll” assets to the surviving spouse on death. This defers the tax liability on any inherent capital gains until the death of the surviving spouse. Purchasing joint last-to-die insurance matches the receipt of the tax free insurance proceeds to the payment of the tax liability. Aging generations traditionally invest in fixed-income products and as a result need to balance a low rate of return with higher tax rates and possibly the sale of assets. These events increase today’s tax burden and ultimately erode the estate you intend to leave. Putting a joint insurance product in place may work better in this situation, if the survivor doesn’t immediately need the cash. Does joint insurance coverage cost more? The good news is that joint coverage is less expensive than purchasing single life coverage on either lives. Because the Joint Life Expectancy for two individuals is longer than for a single person, the cost of insurance for a joint policy is lower than either single life cost. And like single life coverage, that cost is fully guaranteed! Your advisor can introduce you to a variety of strategies that utilize joint coverage in order to address the intergenerational transfer of wealth, charitable giving opportunities and other legacy planning objectives. After all, your mutual goal is to ensure that the surviving spouse is well looked after. Contact your advisor to discover whether joint insurance coverage is right for you.