LSM Insurance has been helping Albertans with all their life insurance and living benefits needs over 25 years. We serve customers across the province, including Calgary, Edmonton, Medicine Hat, and Lethbridge. No matter where you are in Alberta, our local, experienced brokers are here to help.
Calgary, AB, Canada
Edmonton, AB, Canada
Medicine Hat, AB, Canada
Lethbridge, AB, Canada
Banff, AB, Canada
Red Deer, AB, Canada
Insurance products we offer in Alberta:
Alberta is unique in its need for life and living benefits insurance. There are several reasons for this, including the costs of real estate in the two main cities (Calgary and Edmonton) and the prevalence of higher risk industries such as mining and forestry (which drive the need for higher insurance disability policies). Additionally, Alberta has been beset by a number of natural disasters recently, including flooding in Calgary and The Beast wildfire in Fort McMurray.
Working under the authority of the President of the Treasury Board and Minister of Finance, the Alberta Insurance Council (AIC, formed under the Insurance Act) has be operating in the best interest of Albertans for more than 30 years. AIC, at no cost to taxpayers, oversees the licensing and regulation of all insurance agents, brokers, and independent adjusters in Alberta. All LSM Insurance brokers are licensed through AIC.
Life insurance rates in Alberta, and across Canada, vary based on the type of policy, coverage, exclusions/ratings, and more. One thing that is consistent, however, is that there is a type of policy for every person, even if they have pre-existing conditions. Rather than thinking you won’t qualify for a policy, have a hassle-free, no-obligation talk with one of our professional brokers. With access to 30+ Canadian insurers, they can match you with the best policy for your needs and budget. Below are sample quotes for life insurance rates in Alberta.
Disclaimer: These are average rates only. Alberta life insurance rates depend on a wide variety of factors including but not limited to your age,health status, health pre-conditions, family health history, lifestyle, habits and more. The numbers depicted above could be higher or lower depending on your individual needs.
Life insurance rates help protect families in Alberta. Rates vary depending on the type of policy and the risk factors of the individual or group. Term life insurance in Alberta is the most affordable. A healthy 35-year old male with no health issues can pay as little as little as $22/month for a Term 10, $500,000 policy. The younger and healthier you are, the lower your rate; so, speak with a broker today about locking in a great rate for the long-term.
There is a thriving life insurance market in Alberta, and this means you have choices. You can go directly to a company like Manulife or IA, through an association such as CAA, through work (group insurance), through some banks (however the bank may be the beneficiary and not your loved ones), or through a broker. Choose a broker to have them compare the market for you, for free, and provide you with the widest range of choices.
Life insurance brokers must take and pass an exam to be licenced through the Alberta Insurance Council. Then they must successfully complete approximately 15 hours of ongoing learning per year, per license. Learn more at www.abcouncil.ab.ca.
In Alberta, you have several options for disability insurance: an agent (that only sells the products of one company), group insurance through your workplace, or as an association member, some banks (may be in the form of mortgage/loan insurance where the bank is the beneficiary), or an independent broker. A broker shops the market on your behalf and compares rates – for free. Brokers ensure you know all your options and find you the best rates.
