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CityTV consumer investigator star Jee-Yun Lee talks life insurance with Lorne

Jee-Yun Lee's questions about life insurance
Click the play button above to see the video!

It was great working with Jee-Yun Lee. The topic of the show was "What You Need To Know When Getting Life Insurance". Jee-Yun Lee figured out the essentials of life insurance very quickly. Jee-Yun Lee's conclusion: "Life insurance can be great if you get a policy which works for you."

Canadian Life Insurance News:

Mixed Martial Arts in Canada – What Is the Risk?

Mixed martial arts are a sport with over a 100-year modern tradition. Its rules allow a wide variety of combat techniques to be applied in a single match. Thus, martial artists with different backgrounds can fight each other in the ring. This sport is full-contact and can be traced all the way back to ancient Rome.

Lately, doctors had something to say about this during the Canadian Medical Association’s general annual meeting in Niagara Falls. The doctors overwhelmingly expressed the opinion that this sport should be outlawed. Their arguments are that MMA is a dangerous sport with a large probability of injuries – much larger than boxing, for example.

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New question in Life Insurance FAQ

New question in Life Insurance FAQ:

Why should I buy from LSM Insurance?

LSM Insurance is committed to providing innovative and reliable insurance solutions. We have been in business for over 17 years and work with over 13 different insurance carriers that provide a whole host of term and permanent life insurance programs. We take a holistic approach when looking at your insurance needs and always try to exceed your expectations.

Read more questions about Life Insurance FAQ.

(New question in Life Insurance FAQ continued...)

FlexCare Manulife Enhancements Starting Sept.1

Monks Aid Rescue by SFT HQ
Manulife FlexCare is increasing
their benefit amounts.
Photo by SFT HQ

You've probably seen the commercials for Manulife FlexCare plans on television. Well, as of Sept. 1, 2010 various enhancements will be added to the program and the benefit to members will be increasing.

For those unfamiliar, these plans are non-medical health and dental plans that don't require the filling out of medical forms,  the undergoing of medical exams or the answering of health questions in order to qualify.

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BankRate.ca: Student accident insurance

bankrate logo

Insurance offer round the clock coverage
This type of insurance not only covers accidents that happen at school, but anytime anywhere, even during summer holiday. Coverage is 24/7.

"It's a fairly niche product and there are not a lot of companies that offer it in Canada," says Lorne S. Marr, founder of LSM Insurance in Markham, Ont. "It tends to be sold through direct marketing and there is not a lot of broker networking involved."

Most programs in Canada are underwritten by Vancouver-based Industrial Alliance Pacific (IAP) and Hamilton, Ont.-based Reliable Life Insurance.

Reliable Life Insurance operates the parent-friendly website, InsureMyKids.com, where families can choose from a variety of plans -- Bronze, Gold, Silver and Platinum. The IAP Kids Plus program includes the Active Plan, as well as the cost-conscious Value Plan.

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Non-Medical Life Insurance Myths

fortune teller
Myths permeate non-medical life.

Non-medical life insurance policies are often misunderstood. The following are five of the most common non-medical life insurance myths:

Myth 1. Non-medical life insurance means that there are no medical tests or health questions. Non-medical life insurance policies are broken down into two categories, guaranteed issue life insurance, which has no medical tests and no health questions, and simplified issue plans, which have non-medical tests and three to 12 health questions.

Myth 2. All no medical life insurance plans are priced the same or very similar. Guaranteed issue policies are generally much more expensive than simplified issue policies, and even among simplified issue policies, there can be sharp differences in premiums -- often up to 50% or 60%.

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