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When the Insurance Journal talked to insurance experts on the recent concerns about AIG Life of Canada, Lorne S. Marr was among those interviewed by the magazine.
Read the whole Insurance Journal article and find out what Lorne had to say about AIG Life Insurance and why the existing clients with current AIG policies should not switch.
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."
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Our campaign for the 4 day work week turned up in the Globe and Mail last week as full page article in the business section. We were honoured that they chose Jack and I as the lead photo.
We were also thrilled to see that other companies are moving to a four day work week as well. Our staff is more productive than ever. Unfortunately for the moment we are finding that the four day work week doesn't apply to company owners.
Writer Kira Vermond analysed the Monday to Thursday work week in her piece "How Green is your four-day work week?". Some key findings:
34% of workers prefer a condensed work week
four-day work weeks are more difficult in a service business (that's us)
many people work part of the extra day from home
people don't necessarily go car-free on their extra day off
We at LSM Insurance will always be here to help you five days a week though. If someone is taking off Friday, somebody else is taking off Monday.
Read the full article attached below the fold.
(LSM 4 Day Work Week Featured in Globe and Mail continued...)
Following the potential bankruptcy rumours swirling around AIG, Lorne S. Marr was interviewed by the Toronto Sun. Lorne was talking about Assuris, as he put it, a "safety net" for the insured.
Here is a short excerpt form of the article:
"Broker Lorne Marr, president of Lorne S. Marr Insurance in Markham, said he's been flooded by e-mails and phone calls from clients and he's tried to ease their worries. Bottom line, he points out, is the insurance industry has a safety net, called Assuris, which is similar to the Canada Deposit Insurance Corp. (CDIC) that guarantees up to $100,000 in deposits in individual banks."
CBC News has again featured our four day work week initiative as a good example of how to combat high fuel costs. Now, Nova Scotia is looking at a four-day work week for government employees as a way to save energy, the online news service says.
Energy Minister Richard Hurlburt is reported to have said that his department is preparing a report on how how much the province would save in energy costs.
The article, among others, reads:
In Canada, some companies, such as LSM Insurance in Markham, Ont., have decided to offer employees a condensed work week to reduce commuting costs as gas prices soar.
Click here to read the full CBC report on our four day work week.
Newspapers and community websites continue to report on our initiative of introducing four day work weeks to combat skyrocketing gas prices.
Following our appearance on the front page of the Globe and Mail, the Business News Network also ran the story on our four day work week.
For full details, you can read our press release complete with images and a video footage on our four day work week.
Canada's national newspaper, Globe and Mail brings a lengthy report on how companies are combating soaring gas prices. The paper interviewed our Senior Insurance Consultant, Jack Bendahan on his view of our decision to move to a four day work week.
Here's an excerpt from the article:
Life insurance broker Jack Bendahan, for example, has switched to a four-day work week and now parks his Mitsubishi Eclipse convertible at home on Fridays — saving roughly $250 a month on gas.
"There's a lot of driving in this business. I'm all over the place," said Mr. Bendahan, who also co-ordinates his appointments and plans his routes more carefully now to avoid excessive mileage. He has eased up on the gas pedal, as well.
His company, LSM Insurance of Markham, Ont., had given employees the option of compressing their work into a four-day schedule a year ago, "but I only got on board on that three months ago."
Mr. Bendahan is trying to sell his car, which takes premium gas, and is thinking about purchasing a more fuel-efficient Toyota Yaris.
Read the whole Globe and Mail article on our four day work week in PDF format.
Canadian media reacted promptly when they learned about the condensed four-day work week we instituted to reduce the cost of commuting.
Our business co-ordinator Elisabeth Prosper was interviewed on CBC radio last week (listen to the CBC radio report), the four day work week story was featured in depth on CBCNews.ca.
CBC Radio has featured our 4 day work week as a great example of how to combat high fuel costs and save money.
Listen to the whole story!
People in Toronto work long hours and long days. In the face of ever higher gas prices and unstable financial markets, many people are working more days and even longer hours.
Here at LSM Insurance, we have moved to four-day work weeks to combat high gas prices. All the team members welcomed the initiative, saving hundreds of dollars a month in gas costs. CBC Radio has aired our story and we also let the major Canadian newspapers know about our endeavour.
We have been featured for our efforts to help employees reduce commuting, save on fuel costs, reduce pollution and enjoy life more: we have instituted a voluntary 4 day work week. And our staff love it.
CBC radio also produced a story about our four day work week in July. Listen in by pressing the play button below.
Lorne S. Marr was quoted again in the Insurance Journal. This time, Lorne talks about seg funds' reset option, which allows clients to change their investment's guaranteed value to keep pace with market value.
You can read the whole article if you click the above pictures, but here is also a short excerpt from the piece.
Lorne Marr, president of LSM Insurance Services Ltd., an insurance brokerage in Markham Ont., notes seg funds' reset option allows clients to change their investment's guaranteed value to keep pace with market value.
This reset option also makes the guarantee on death a powerful feature. "Say your client is 65 and puts $100,000 into a seg fund... At age 67, its market value is $125,000. When your clients turns 70, the market drops and the market value becomes $80,000. Your client dies and his beneficiary receives $125,000, the amount of the guarantee on death."
Mr. Marr says half of his clients are over age 55 and many inquired about seg funds this RRSP season. He saw about $1.2 million of AUM go into seg funds between Nov. 1, 2007 and the end of February 2008, about $300,000 in new money and $900,000 in transfers from other products.
I was delighted when the June iPod winner turned out to be a family with a small girl. The Azaraev family all came together with their beautiful daughter who was thrilled with Dad's prize. They were kind enough to send me a thank you letter about their LSM experience.
"Wow! Such great news; I can't believe we actually won something.
We're often hesitant to put our names in on-line raffles or draws because they usually come with a catch.
Thanks to you and LSM Insurance we not only won a brand new iPod but we also received a terrific advice and service.
We look forward to working with you in the future."
Congratulations Richard and Irena!
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