Super Visa Insurance

Plan on applying for a Super Visa for Insurance? Know someone who is?

The new Super Visa makes it easier than ever before for parents and grandparents to visit family members in Canada, allowing them to remain in the country for up to 24 months at a time, without having to renew their status. This visa is valid for 10 years and can permit a single entry or multi-entries into Canada.

One of the key requirements for obtaining the Super Visa for Canada is insurance. Super Visa applicants must submit proof that they have purchased private medical insurance from a Canadian insurance company which is valid for a minimum of one year and offers a minimum of $100,000 in coverage for health care, hospitalization and repatriation.

Permanent Life Insurance

Permanent life insurance is a policy that provides coverage for the whole of the life of the life insured, rather than for a specified term.

There are three forms of permanent insurance:

• Whole Life
• Term-100
• Universal Life

Each of these policies requires the payment of premiums in excess of the actual mortality costs in the early policy years and the accumulation of a fund, known as a policy reserve or an accumulating fund. These accumulated funds (including investment income) are used to pay the high mortality costs experienced in the life insured's later years. The treatment of the policy reserve fund varies significantly between the three types of permanent life insurance.

Applicants can apply online or just as easily by call: 905-614-0666 | Direct: 416-827-3333 | Fax: 1888-632-5740 | Location: 362-33 City Centre Drive Mississauga Ontario L5B 2N5