Harpinder Sidhu

  A question that we often at a young age find mind-boggling is the actual meaning and purpose of life insurance. Most of us think that buying an insurance policy is nothing more than squandering money over something unneeded. However, that is not the case. In fact, life insurance is one of the most important and rewarding assets that we can ever invest in throughout our life. Now, if you’re thinking about how, this post would answer most of your questions in a simplified manner. Ques. 1. What exactly is life insurance? Life insurance is simply a contract between an insurance policyholder (buyer) and an insurance company (seller) in which the insurer agrees to pay a quantity of money in exchange for a premium upon the demise of an insured person or after a specific amount of time is known as life insurance. Hope you must have understood now that a life insurance policy is a contract or an agreement. Ques. 2. How does it work? When you buy a life cover or life insurance, you pay a...

I t is not at all surprising, that only 10% of people properly predict their likelihood of becoming disabled, according to research by the Council for Disability Awareness, so you're not alone if you do. TMA Insurance Trust provides the following alarming data: In their lives, one in eight workers will be handicapped for at least five years. A group long-term disability claim typically lasts for 34.6 months. Disease, not accidents, is to blame for 90% of impairments. The abovementioned is enough to make people understand how important it becomes to get yourself covered by taking the right disability insurance. Don’t worry Harpinder Sidhu is a top-ranked, undisputed d isability insurance broker Calgary who would make you understand how important coverage can be and would help you choose the right type of policy according to your needs. Short Term Vs. Long Term Disability Insurances Six months or fewer of incapacity are covered under short-term ("ST") disability insuranc...

  What is RESP? If you're unfamiliar with the abbreviation RESP , it stands for Registered Education Savings Plan . This Canadian government initiative assists Canadian children with post-secondary education. RESP is the ideal program for you if you want to save for or invest in higher education for yourself or your loved ones. The great thing about RESP funds is that you may invest in them in a variety of ways. Furthermore, if you use the money for tuition, the investment proceeds will not be subjected to income tax. However, there are certain things you must know before you invest in RESP, like: Transferring RESPs to a third party is only possible if the third party is a sibling. Anyone, as long as they and the beneficiary are both Canadians, can create an RESP. It makes no difference who has had access to a child's SIN so far. With the help of an RESP broker , you can start an RESP at most banks. Who is an RESP broker? An RESP broker in Canada refers to an individual who in...

Your most precious asset is your capacity to earn a livelihood. You can't keep your house and car in good repair, send your kids to college, or save for retirement if you don't have it . So, as a result, you must protect it as you would any other valuable asset. This is where disability insurance comes into play. Disability Insurance can help you a lot with the cost of caring for yourself and your family when living with a disability. What is the exact definition of ‘ DISABILITY ’ ?    The definition of disability varies depending on the insurance company. Even amongst various insurance policies from the same firm, the definition might change. Generally, if you are unable to return to work, certain disability plans may require you to participate in a rehabilitation program. To find out what your plan's definition of disability is, approach Calgary insurance quotes, the best Insurance Company Calgary Downtown . What is Disability Insurance and How Does It Work? If you ar...

When arranging for a vacation, it is critical that you must be well-prepared and well-informed of what the destination has to offer. Although Canada is a safe place for tourists, terrible situations may occur during your visit. So, what would you do then? Allowing yourself to be caught off guard in the event of an emergency is not a good idea. Make sure you're financially prepared for the worst-case situation so you're not caught off guard. And travel insurance for visitors to Canada when purchased online can assist you in dealing with any issues that may arise during your excursion. Remember, these are contingency plans for events that may or may not arise, but it's better to be cautious than to feel sorry in the end. Even if you are in an unfamiliar location and around strangers, travel insurance for visitors to Calgary , Canada coverage helps you feel safer. You may be planning a trip to Canada for the vacation of a lifetime, and you very well may! But keep in mind tha...

T he premium is the amount of money you pay in return for insurance coverage. Insurance plans, unlike many other items, do not have set prices. Rather, each insurance has its own premium. Premiums are one-of-a-kind since they are based on hundreds of variables. The premium is influenced by factors including location, claims history, accessibility to fire hydrants and even the plumbing in the property. Every insurance company has its own method of calculating rates, but the basics are typically the same. Here, we'll go through some of the elements that Mr. Harpinder Sidhu, one of the Best Insurance Brokers in Calgary considers when determining rates for the insurance we sell. Size Of The house: The size of your home is important since home insurance premiums are determined in part by the cost of repairing or rebuilding the structure. In the case of a claim, larger residences would need more materials and labor. Time Of Construction & Type Of Materials: As a house becomes old...

L ife insurance is certainly a subject that can stir emotional reactions and bring differences in opinions. A lot of people think that getting life insurance is fritting away the family income. This is perhaps because they reckon that “if I would die, why would I need money”. Well, you’re absolutely right but what about your family? How would they be able to make both ends meet if the breadwinner passes away? Everybody understands that the loss of a loved one not just takes a mental toll but costs the loss of family income too.  This is where life insurances kick in. Your family can reap several benefits from your life cover. Following is the list of benefits that Calgary Insurance Quotes , the best life insurance company in Calgary has listed down that life insurance would assuredly bring: Financial Protection Of Your Family - Life insurance is designed to assist safeguard the financial future of your family. Even if you have resources, they are unlikely to be sufficient to meet ...

L ife insurance is certainly a subject that can stir emotional reactions and bring differences in opinions. A lot of people think that getting life insurance is fritting away the family income. This is perhaps because they reckon that “if I would die, why would I need money”. Well, you’re absolutely right but what about your family? How would they be able to make both ends meet if the breadwinner passes away? Everybody understands that the loss of a loved one not just takes a mental toll but costs loss of family income too. This is where life insurances kick in. Your family can reap several benefits from your life cover. Following is the list of benefits that Calgary Insurance Quotes, the Best Life Insurance Company in Calgary has listed down that life insurance would assuredly bring: 1.       Financial Protection Of Your Family - Life insurance is designed to assist safeguard the financial future of your family. Even if you have resources, they are unli...

What is mortgage insurance? Mortgage insurance is a type of insurance that protects a mortgage lender or title holder in the event that a borrower fails on payments, dies, or is otherwise unable to satisfy the mortgage's contractual obligations. Why is having mortgage insurance important? There are plenty of reasons why having a mortgage cover could prove to be your smartest move. However, whether or not it is profitable to get mortgage protection insurance is primarily determined by your individual circumstances. If you're a homeowner with underlying health issues that might have a long-term impact on your well-being, MPI might be a terrific option to bring peace of mind to you and your loved ones if you work in a high-risk profession or if you're a young person having trouble getting accepted for a life insurance policy. How does it work? Mortgage insurance is provided by mortgage insurance firms to lenders. You will almost certainly not deal directly with your mortgage i...