If you’re trying to secure a Super Visa for your parents or grandparents, then you’re well aware that you’ll have to invest in Super Visa Insurance. Although it’s a necessary cost, there are certain methods using which you can save a bit of money without cutting corners on protection.
- Consider the coverage you need
You would be happy to know that Super Visa Insurance by Manulife offers a minimum of $100,000 in coverage, with some plans offering more. Of course, having the highest coverage sounds good, but do you need it? Having only the basic amount of coverage will save you money especially if parents or grandparents are healthy and don’t have pre-existing conditions that raise their risk, requiring higher coverage.
- Choose a higher deductible
Another way to reduce the cost of Super Visa Insurance from Danforth Insurance is to get a plan that has a higher deductible. This will make you pay more in case there is a filed claim, but then the monthly or annual premiums will be lower. It is a bit of a gamble, but if your parents or grandparents usually are healthy, it could be worth considering.
- Pay annually instead of monthly
Paying the premium of insurance annually instead of monthly can also realize savings if one has the budget for such payment. This is the case because some providers charge extra fees when paying monthly. Though Super Visa Insurance Canada is a must, there are intelligent ways to try and keep the costs at a bare minimum.
For more information, you can visit our website https://danforthinsurance.com/ and call us at 647-350-0332