Frequently Asked Questions

According to IRCC (Immigration, Refugees and Citizenship Canada), Super Visa applicants must have private medical insurance from a Canadian insurance company with:

• Minimum $100,000 coverage for healthcare, hospitalization, and repatriation
• Coverage valid for at least 1 year from date of entry
• Policy must be paid in full or show proof of payment

As a licensed visitor visa insurance advisor, I help you find IRCC-compliant coverage at the best rates.

Coverage for pre-existing conditions varies by insurer and policy type:

• Stable conditions (no change in treatment for 90-180 days) may be covered
• Some policies offer pre-existing condition waivers at higher premiums
• Unstable or acute conditions are typically excluded

I specialize in finding visitor insurance policies that cover stable pre-existing conditions. Contact me for a personalized super visa insurance quote.

LICO (Low Income Cut-Off) is the minimum income sponsors must demonstrate. For 2024, the LICO+30% requirements are:

• 1 person: $29,380
• 2 people: $36,576
• 3 people: $44,966
• 4 people: $54,594
• Each additional: +$8,200

Combined with valid Canadian travel medical insurance, meeting LICO requirements is essential for Super Visa approval.

Yes! Most visitor visa insurance policies offer full or partial refunds if:

• Your Super Visa or visitor visa application is denied
• Request is made before the effective date
• No claims have been submitted

I work with Canadian insurance companies that offer flexible refund policies for peace of mind.

Term Life Insurance:

• Coverage for a specific period (10, 20, 30 years)
• Lower premiums, higher coverage amounts
• No cash value builds up

Whole Life Insurance:

• Lifetime coverage that never expires
• Builds cash value over time
• Higher premiums but includes savings component

As an LLQP-licensed insurance advisor, I can help determine which product suits your needs.

A common rule is 10-15 times your annual income, but consider:

• Outstanding mortgage and debts
• Number of dependents
• Children's education costs
• Future income replacement needs
• Funeral and final expenses

I offer free needs analysis consultations to calculate your ideal coverage amount.

It depends on the policy type and coverage amount:

• No-exam policies: Available for smaller amounts, quick approval
• Simplified issue: Health questionnaire only, no physical exam
• Fully underwritten: Requires medical exam for larger amounts, best rates

The exam is typically free and done at your convenience. I'll guide you through the best option.

Segregated funds are insurance products with unique benefits:

• Principal guarantees: 75-100% of your investment protected at maturity
• Creditor protection: Assets may be protected from creditors
• Estate bypass: Proceeds go directly to beneficiaries, avoiding probate
• Death benefit guarantee: Beneficiaries receive guaranteed minimum

Unlike mutual funds, segregated funds are offered by licensed life insurance advisors.

The best choice depends on your situation:

• Choose RRSP if: You're in a high tax bracket and expect lower income in retirement
• Choose TFSA if: You're in a lower tax bracket or need flexible access to funds
• Maximize both if possible for optimal tax efficiency

Most Canadians benefit from using both. Book a consultation for personalized advice.

LLQP stands for Life License Qualification Program. It means I am:

• Provincially licensed to sell life insurance and segregated funds
• Required to complete ongoing education each year
• Regulated by provincial insurance councils
• Bound by a code of ethics and professional standards

You can verify my license and ensure you're working with a qualified insurance professional.