Everything You Need to Know
See Frequently Asked Question
What services does Prakash Financial provide?
We offer Life Insurance, Mortgage Insurance, Disability Insurance, Critical Illness Insurance, Travel Insurance, RRSP & RESP Planning, Retirement Planning, and personalized financial solutions.
Do I need life insurance if I already have coverage through my employer?
Employer-provided coverage is often limited and may not be enough to meet your family's long-term financial needs. A personal policy can provide additional protection and remains with you even if you change jobs.
How do I choose the right insurance plan?
Our advisors take the time to understand your financial goals, family situation, and budget before recommending coverage that's right for you.
What is the difference between RRSP and RESP?
An RRSP helps you save for retirement while providing tax benefits, whereas an RESP is designed to help families save for a child's post-secondary education.
What is Critical Illness Insurance?
Critical Illness Insurance provides a tax-free lump-sum payment if you're diagnosed with a covered serious illness, helping you manage medical expenses and recovery costs.
Why is Disability Insurance important?
Disability Insurance helps replace a portion of your income if you're unable to work due to illness or injury, helping you meet your financial obligations.
Do you offer travel insurance for international trips?
Yes. We offer travel insurance plans that can help protect you against unexpected medical emergencies, trip cancellations, and other travel-related expenses.
How often should I review my insurance coverage?
It's a good idea to review your coverage whenever you experience major life changes such as marriage, buying a home, having children, changing jobs, or planning for retirement.
Can I schedule a free consultation?
Yes. We offer personalized consultations to understand your needs and recommend financial solutions that align with your goals.
How can I get started?
Simply contact our team through the website or book a consultation. We'll discuss your needs and guide you toward the right insurance and financial planning solutions.
