life insurance question

[breeze123]

Hi everyone,

Me and my fiance both have permanent full time jobs in Canada and we both have company's health insurance. We want to purchase life insurance for each other for spousal sponsorship (me myself is not PR ). I was wondering if this could be okay that we just add our names under the company's insurance plans ( i.e. for my insurance plan, my fiance is the beneficiary person; and for him at his insurance plan, I am the beneficiary person).
Thank you guys for giving me suggestions in advance! Have a good day!

 

[CdnandTrini]

Reply: life insurance question

Hi everyone,

Me and my fiance both have permanent full time jobs in Canada and we both have company's health insurance. We want to purchase life insurance for each other for spousal sponsorship (me myself is not PR ). I was wondering if this could be okay that we just add our names under the company's insurance plans ( i.e. for my insurance plan, my fiance is the beneficiary person; and for him at his insurance plan, I am the beneficiary person).
Thank you guys for giving me suggestions in advance! Have a good day!

This is perfectly fine as long as you take copies of each policy (or a confirmation letter from the ins. company or each of your respective companys's HR reps.) demonstrating proof of beneficiary. Then simply include copies of these as part of your application package. You are welcome in advance and you have a good day too ;D! Blessings.

 

[breeze123]

thanks very much for your help

 

[CdnandTrini]

thanks very much for your help

My pleasure