LSM Insurance and COVID-19:

News from 2020

Life Insurance in Canada and COVID-19: Industry Perspective

A number of industry experts and thought leaders weigh in on how COVID-19 is impacting the life insurance industry, and what can be expected in the future. Click on the thought leader’s picture below to explore their perspective. Terri Botosan Chief Executive Officer of HUB Financial Inc. Doug Paul Vice President, National Sales and Distribution, SSQ Insurance Mike Aziz Chief Distribution Officer - Canada Protection Plan Sébastien Dupuis President and CEO - ...
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Why Now Is a Good Time to Buy Life Insurance?

Life Insurance has become a top of mind topic for many as people start to consider their own mortality. Dr. Moira Somers, a psychologist and executive coach at Money, Mind & Meaning in Winnipeg was recently quoted in the Globe and Mail saying “one way of settling death anxiety is by knowing that you’ve done everything you can to tend to people you care about; obtaining life insurance can help individuals exert that control." Taking aside the psychological component, now is an ideal ...
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Getting Life Insurance During the COVID-19 Pandemic | 5 Reasons to Act Fast

The COVID-19 Pandemic in Canada The number of people affected by Coronavirus (COVID-19) around the world exceeded a million by April 3rd, and the death toll continues to climb. Canada still affected with thousands of cases and multiple deaths daily which is terrible for all Canadians. How is this affecting the life insurance industry? Insurers protect against risk and use data and records to determine those risks. Unfortunately, COVID-19 is a new disease with no previous data. This ...
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Life Insurance Claims and COVID-19 | Will Your Claim Be Paid?

COVID-19 Pandemic in Canada The Coronavirus (COVID-19) pandemic continues to spread around the world with over 1,000,000 infected and more than 50,000 deaths to date. Although Canada appears to be escaping the brunt of the impact, our country is still affected with over 3,000 cases and 30+ deaths as of March 25, 2020. With numbers rising sharply in some countries such as Italy (~ 75,000 cases / ~7,500 deaths) and America (~70,000 cases / 1,000 deaths), and with no vaccine in place ...
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Life Insurance and Coronavirus (COVID-19) | What You Must Know

What is Coronavirus and why is it so scary for life insurers? The entire insurance business is based on risks and the ability to evaluate them. At the same time, life insurance companies do not like situations where they do not have enough information and statistics about risks related to their potential customers. People who have or had Coronavirus (also called COVID-19) represent this case. The current outbreak of Coronavirus has already infected over 70,000 worldwide resulting, so ...
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