Why do we need medical and dental insurance?

If you don’t have individual or group medical and dental insurance, medical bills can go up quickly. The provincial plan OHIP does not cover many medical services, such as dental treatment, massage, vision, hearing, etc. So one has to pay out-of-pocket if required and buy a private medical and dental insurance plan.

How much medical and dental insurance costs?​

According to a Monster Job Board survey, Canadians spend about $2,000 on medical, and about $4,000 on medical and dental. Fortunately, many companies offer medical and dental benefits to their employees. These are called benefits, and benefits help keep workers for a long time.

Let’s look at the frequently asked questions of medical and dental insurance plans.

There are two types of health and dental insurance plans.

Individual medical/health and dental insurance plans – As the name itself specifies, individual plans are for single or family. Individual plans are more expensive than group plans, but not from the annual health and dental treatment cost.

Group plans – Some companies offer on job benefits, called group health and dental insurance plans. Group plans are cheaper than individual plans, and medical underwriting is comparatively easier.

We have individual, family and group plans available, does not matter if you are looking for Manulife health and dental, SunLife health and dental insurance, green shield health and dental plan, or any other provider, we have all companies at the cheapest prices. Contact us today, let’s design the best health and dental insurance plan as per your needs.

Does the provincial healthcare cover dental treatment?

No, they do not cover dental treatment under provincial health care in most provinces of Canada. However, depending upon circumstances, limited coverage is available for low income Canadians.

Can we get dental treatment for free?​

Yes, there are programs available in Ontario, such as healthy smiles, but available for a few families, those meet certain requirements. Otherwise, dental treatment is not free.

Is Health and Dental Insurance Necessary?​

Insurance is a security, more coverage, better security. According to data from Monster Job Board, annually, an average Canadian spends $2000 on dental and $4000 on health and dental plan, which is way more than the cost of health and dental insurance.

Are you looking for an individual health and dental plan? We got a no obligation quote for you.

Click here for medical and dental insurance quote

A RESP Child Plan is the best way to invest in your child’s educational future

The Registered Education Savings Plan is offered by the government of Canada for the purpose of saving for your child’s higher education. With this tax-advantaged plan and a grant from the government of Canada, you can save enough to pay for college fees.

What are the benefits of RESP?​

Main benefits of RESP are

• Tax-sheltered growth.

A RESP account is a tax-free account, so the growth is tax-free. Withdrawals are taxable, but since your child’s income falls into a lower bracket, the taxes are minor.

• Government Grant.

In addition to what you contribute, the government also puts extra money into it, which contributes to growth. Nevertheless, expert advice can help you to find out how much your child will receive as a government grant.

• Provider Bonus or growth.

Money invested in RESPs grows faster than traditional investments.

• Funds can be used for all educational purposes.

You can use the accumulated funds for full-time education, part-time education, or any other mode of learning.

• It is hard to pool money without RESP

Even though it is difficult to save money, RESPs are not big investments, giving you the opportunity to deposit small amounts on a regular basis.

How many types of RESP, Child plans are there?​

The RESP, registered education savings plan can be categorized into three types.

• Individual RESP – As the name specifies, the individual RESP is for single beneficiaries.
• Family RESP – A family RESP is for more than one beneficiary, in other words, a plan for two or more children. Each beneficiary has access to the entire amount accumulated.
• Group RESP – Is for one beneficiary, but there may be more than one contributor. Multiple family members can contribute to one RESP and save for one child.

Can RESP be transferred?​

If your child does not wish to pursue higher education, you may transfer the RESP to another child.

Is there any limit on RESP contribution?​

A lifetime RESP contribution limit is $50,000, but there is no annual contribution limit on RESPs. Contribute about $2500 a year to maximize your CSEG.

RESP age limit​

You can contribute to an RESP, registered education savings plan for up to 31 years. However, the CSEG is up to 18 years.

What is the RESP withdrawal limit?​

There is no cap on withdrawals for PSE (Post-Secondary Education). Withdrawals from the EAP (Education Assistance Payment) are limited to $5000 for full-time and $2500 for part-time students.

Is RESP a great idea?​

Yes, a RESP is the best investment for your child. Let us help you fulfill your child’s education dreams today.

Wana to save for your kids education today? Use our RESP Calculator tool and find out how much you can save. Or contact us for further assistance

Emergency Medical Travel Insurance – 10 Million coverage, starting $45/Year, Click any company name to buy now

If you want complete package, prices starting at $29/Month, please click the following link to get a quote

Why is Medical Insurance for Truck Drivers is Required?​

First, the Canadian provincial health plans do not cover medical care outside of the provinces or provide limited coverage outside of the provinces. Nevertheless, most of truckers drive across Canada or to the USA.

In addition, if a trucker is involved in an accident outside of the home province, particularly outside Ontario, one might have to pay the hospital bills out of pocket. So,this could result their family may face financial hardhsip.

A third reason is that trucking is a hard job, prone to hazardous situations, because it involves being on the road, dealing with inclement weather, and working long hours.

Finally, you need insurance to support your family, since expenses, mortgages, and bills continue even if you cannot work.

Which medical insurance is good for truck drivers?

Insurance bundles that cover travel, accidental death, dismemberment, disability, soft tissue, and illness are the ideal for truckers. Besides these add-ons and benefits, some insurance companies also offer extras, such as health benefit plans in group policies.

Optional Add-ons in medical insurance for truckers bundle

Illness Cover– In trucking, especially long haul drivers, are prone to illnesses, because of cab shivering and plastic interiors. So, the illness coverage is not pinching, it is worth it to save your enterprise.

Total Disability– A lump sum payment plans are also available and it can be a top up in the package, one time paid out and offered by most disability insurance companies.

Even more addons such as lifestyle protection enhancer, health and dental benefit plans, and family coverage plans are also available in the market.

Almost everyone is eligible for a trucker insurance package, with a valid status in Canada.

An experienced insurance advisor can help you choose the right medical insurance plan. We specialize in Truck Driver Medical Insurance, and work with all major insurance companies.

Individual vs group emergency medical insurance for truck drivers.​

For trucking companies, group plans are cheaper than individual plans. You can get a great discount if you have over 20 drivers and the discount increases with the number of drivers. Talk to our expert about emergency medical insurance for trucking companies. We have already designed a lot of plans. Now let’s start yours.

Things to keep in mind when buying emergency medical insurance for a truck driver.

– Always buy a multi trip plan.
– Make sure that you buy disability insurance based on your income, because the benefits are based on it.
– Buy the right ‌insurance. If you already have a policy, let us review it for you.
– Prefer a policy with 24-hour coverage, as it will provide coverage in the event of an accident outside the truck.

The following are the basic components of every coverage.

– 5 million emergency hospital coverage.
– 24 hour support.
– Hospital food and accommodation.
– Ambulance call.
– Lab tests.
– Prescription medicines.
– Healthcare equipment.
– Unlimited trips.
– Return home in case of an emergency.
– Emergency air travel.
– Travel of companion to the home.
– Return of the vehicle home.
– Emergency dental treatment.

Buy online now, Click on the Edge Express Quote.

Now, it opens up in a new browser(make sure pop-ups are not blocked). Click on the “INCOME REPLACEMENT BENEFITS” as pointed in the picture.

Fill up your details, click “SAVE AND CONTINUE” as shown in picture: age, gender, employment type, income type, annual income, monthly benefit amount you would like to receive and waiting period. Please note that they already set the benefit period to age 70 in the online quote. Select “ACCIDENTAL Select ” ACCIDENTAL DEATH AND DISMEMBERMENT” and select the type and amount you would like to receive in the pop up, and click “save and continue” as shown in the picture.

Now click “MONTHLY TRAVEL/ANNUAL TRAVEL” and select monthly travel and single and click “save and continue” as shown in the picture.

Now on the last screen, click “continue to Summary” and it will redirect you to the last page, as shown in the picture. You have two options: “Email Quote” “Buy Now”, select which one you want, “Buy Now” to complete the purchase or “Email Quote” for detailed information.

Contact us for more information and to prepare an emergency medical insurance plan. Let’s make a plan for you, add a multi life discount and customize it according to your budget and needs. We are available on our social contacts.

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How much life insurance do I need? Click here to calculate. Or read the complete article.

What is Life Insurance?

This is an agreement between two parties, the policy owner and the insurer. If the insured dies, the insurer pays the benefit to the beneficiary. An insurance contract or agreement is a written agreement between two parties, where the first party or insurance company assesses the other party or the insured’s financial, health and living conditions and provides life insurance at the request of the applicant.

Highlights

• The policy starts when two parties enter an agreement or a legal contract.
• In most cases, the insurance policy remains in force until the insured dies, or the last premium, or until the insured surrenders the plan.
• As per the contract, the benefit amount may change or stay the same to the maturity.
• The insurer’s guarantor pays benefits to the insured in case the insurance company files bankruptcy.

In terms of life planning, life insurance is the most important decision. Mishaps can occur at any stage of life, including birth, marriage, childbirth, and old age. We offer plans that fits every stage of life so that you and your family are prepared.

Why it is required?​

There are many reasons for life insurance, such as

Financial protection:- This is the best and cheapest way to secure your financial security, as we mentioned earlier. If you are concerned about the financial future of your loved ones, then you should purchase life insurance to ensure that they can easily pay off your debts, final expenses, and taxes.

Legacy for family:- Buy life insurance to leave a legacy for your family and children. We offer life insurance plans with cash value and investment options.

Tax-free payments:- If you pass your house or property to your children, it will be taxable under the rules, but life insurance benefits are tax free, as long as they named the beneficiary in plan.

Creditor protection:- If they properly drafted the policy, its death benefits and cash values are protected from creditors. If a business owner wants protection against bankruptcy, creditor protection is an important feature.

Living benefit:- If an insured is diagnosed with a terminal illness, the policy can become a living benefit.
If you are worried about mortgage, bills, taxes, daily life expenses and legacy for kids, then you need it for sure.

As per BNN Bloomburg, only 38% Canadians have group or individual plans, and one third of Canadians have no coverage. The one third number is big, every life is important.

Types.

Term life insurance

As the name implies, term insurance has a defined duration, such as 10 years, 20 years, 30 years or more. Since it has a fixed duration, term plans are cheaper.
Note: We can also use term life insurance as mortgage insurance

Further, the term life insurance can be divided into:

Decreasing Term – The amount of coverage decreases overtime, and our liabilities also start decreasing after a certain age, so term plans are applicable in those cases.

Variable or Convertible Term Life Insurance – The term type allows the insured to switch to permanent insurance at the end of the term.

Renewable Term Life Insurance – The annually renewable policies, where the premium increases every year, being cheaper in the beginning and becoming more expensive as the policy grows.

Permanent life insurance​

This policy will last for as long as the policyholder continues to pay the premiums or surrenders the policy. Since it does not have a time limit, it is expensive than term life. 

We can further divide the permanent plans to: –

Whole life insurance:- The life policy with a cash value and death benefit are comes under this category. In the other words, it is called money back life insurance policy, in which the insured can access the accumulated fund and keep their policy in force as per contract terms.

Universal Life Insurance:- It is a flexible policy with the investment options and a good amount of coverage. The insurer can deposit higher premiums in the UL policy, those leads to investment and coverage. Some other features for UL plan include flexible payment plan, short-term payment options such as 10, 15, 20 year pay, and higher growth funds.
Indexed Universal and Variable Universal are two other types of permanent life plan.

Term VS Permanent Life Insurance

• It is inexpensive, comparatively one can buy more coverage with the same amounts. 
• Temporary coverage from the financial impact of death. 
• Young families, homeowners with the mortgage, and business loan owners are the buyers.
• Convertible to permanent, return of premium options are the key points.- Lifelong coverage from the financial impact of death.
• Adults with long life goals, and want to invest in the legacy, are major buyers.
• Lifetime coverage, bit more expensive, but comes with better investment and growth opportunities.
• Permanent coverage, short term pay off options are the key points.

Now, questions come up to our mind, like how much insurance do you need? How much coverage do I need? How much can I save by investing in the UL policy? 

We have answers to all questions, and work with the best life insurance companies such as sunlife, IA, rbc, manulife. 

Let’s sit together and plan a perfect solution for you. Our experts are available online and offline as per your convenience.

Why do we need 3 Month Waiting Period Health Insurance?​

If you are entering Canada for the first time or have lived outside Canada for 182 days (212 days in Ontario), you must wait 90 days for provincial coverage and probably need 3 Month Waiting Period Health Insurance​ while waiting for provincial coverage. Which is commonly known as 3 month waiting period insurance.

We got a competitive plan, which will protect you from unexpected expenses and cover your health problems.

If you are a landed immigrant, or Canadian citizen returning to Canada after a long stay in abroad, you will need insurance to see a doctor in an emergency. One option is you can pay out of pocket, but Canadian healthcare system is very expensive, that is why it is hard for a new immigrant to pay the hospital bills.

How much does it costs?​

The 3 Month Waiting Period Health Insurance is not that expensive, on an average, it costs around $60/Month, but the hospitalization is expensive, almost impossible to pay out of pocket. You are welcome to check for free how much emergency medical insurance will cost?. This is not only the emergency health insurance quote, it also includes pricing, scope of coverage, policy wording and a link to purchase.

Can I cancel or extend emergency medical insurance?​

Yes, our providers are quite flexible, you can cancel with some reasons. Sometimes, you may need to apply for extension also, in health card delayed, or forgot to apply on time.

Can I buy visitor insurance after landing in Canada?​

Yes, you can still buy it if you arrived in Canada uninsured, provided you are ready to bear some wait times.

Visitor insurance vs Emergency medical insurance for returning Canadians.​

There may be a difference in duration, mostly visitors need longer coverage than returning Canadians. You can get a no obligation quote now and purchase according to your needs.

Provincial healthcare outside your home territory/province.​

The provincial health care has some limitations out of the province. Some workers, such as truck drivers, out of province travelers might need an extra layer of protection. Luckily, private health insurance or emergency medical insurance is available to protect us.

For example, if you are in the province of Ontario and need access to emergency medical services, while you are physically present in Manitoba, you can get those services with the insurer.

We have special plans available, such as emergency medical insurance truck drivers, health insurance international students and temporary workers.

Contact us for package deals, or job specific plans.

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Good news, now you do not need 3 Month Waiting Period Health Insurance​ as per this announcement.