Don't Let Your Medical Expenses Eat
Into Your Savings.

Make CanadaLife Benefit your unwavering ally in achieving a profitable future as you set out on this path towards tranquilly. If you are looking for cheap life insurance Canada, then you can examine our extensive programs now and enjoy the endless benefits they provide, which open the door to both security and luxury. Furthermore, you can customize the plan to your budget and requirements to start  your financial security and future-proofing journey.

With our canadian life insurance plans on various aspects, you can best terms to keep yourself and your loved ones insured for life. Here is a demonstration of what coverage our plans offer. 

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1.) Disability Insurance

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Let's examine the benefits that disability insurance offers:

• As payment for lost income resulting from temporary impairments, a weekly benefit is given up to the policy period during which the benefits become available. 

• Depending on the terms of the disability insurance, the insured will get a specific percentage of the total amount covered in the event of an accident-related disability. 

• As part of the basic coverage, a disability insurance policy may additionally include a premium waiver. 

• Disability insurance recognizes blindness, low eyesight, leprosy, hearing impairment, mental diseases, and other conditions as qualifying disabilities.

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2.) Whole Life Insurance

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Permanent insurance offers lifetime coverage. If you maintain your insurance until death, the amount paid to your beneficiary is tax free. In most cases, permanent insurance has a cash value, which is the amount available to you if you cancel your policy. It is sometimes possible to borrow against this cash value without cancelling your insurance.
 
Permanent life insurance, ideal for giving your loved ones the means to:
 

• Repay your outstanding debts.

• Pay the taxes on inherited assets, such as a property which has increased in value over the years.

• Cover your funeral expenses.

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Whole Life Insurance covers the following:

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• Provides coverage for the insured individual's entire life.

• Tax-free death benefit paid out to beneficiaries in case of policyholder's death.

• Cash value accumulates over time, accessible through loans or withdrawals.

• Premiums are typically fixed and guaranteed not to increase over the policy's life.

• Some policies may pay out dividends to policyholders, which can be used to reduce premiums or accumulate as cash value.

• Death benefit helps heirs cover estate taxes.

• Policyholders can borrow against the policy's cash value for various purposes.

• Death benefit and cash value growth are tax-free.

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3.) Accident and Sickness Hospitalization

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Canadalife Benefit’s Accident and Sickness Insurance addresses the following:

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• Covers injuries from accidents like fractures (For a lump sum $$$ benefit), dislocations, burns.

• Provides financial protection for medical expenses related to covered illnesses.

• Allows a percentage of the insured's income to be replaced during sickness or recovery.

• Covers expenses for physical and occupational therapy to aid recovery.

• Provides financial support for hospital stays.

• Covers medical treatments received outside of a hospital setting.

• Provides financial protection for emergency medical care.

• Offers lump-sum payment or ongoing benefits in case of permanent disability.

• Provides lump-sum payment to beneficiaries in case of the insured's death.

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4.) Health Insurance

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Health Insurance Coverage Overview

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• Covers costs of hospital stays, including room charges and nursing expenses.

• Covers expenses for medical tests, diagnostic procedures, and laboratory work.

• Covers fees charged by healthcare professionals for consultations, surgeries, and follow-up visits.

• Covers costs of prescribed medications, offering financial assistance for essential drugs and pharmaceuticals.

• Covers vaccinations, screenings, and wellness check-ups.

• Covers ambulance charges, emergency room visits, and urgent care.

• Covers prenatal care, childbirth, and postnatal care expenses.

• Covers therapy and counseling.

• Includes routine check-ups and necessary treatments.