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Weekly Personal Finance Roundup For January 22, 2016

January 22nd, 2016
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We rounded up recent articles below from the past week, featuring insights and advice from the brightest minds in personal finance:

The Toronto Star reported on the Loonie's rise for a second consecutive day off rising oil prices. In the United States, unemployment applicants rose to a six-month high, the Winnipeg Free Press reported. The rise is also being felt around the world with the UN chief saying global unemployment numbers are "alarming".

The Financial Post detailed one way that the low Loonie will benefit you as a cross-border shopper. They also revealed details about the CRA's new auto-fill feature, which will help speed up your tax filing.

The Canada Business Review revealed five reasons to review your credit before expanding your business.

The Globe and Mail published a great piece on how to keep your grocery bill in check as prices rise.

Macleans wrote an informative piece about how far the Canadian stock market will fall.

Weekly Personal Finance Roundup For January 15, 2016

January 15th, 2016
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We rounded up recent articles below from the past week, featuring insights and advice from the brightest minds in personal finance:

Marketplace lender Borrowell released results from an interesting survey on how credit card debt affects Canadians and covered the interesting story behind Blue Monday, statistically the most depressing day of the year.

The Globe and Mail discussed five myths about borrowing money to invest, including the common-known thinking that all debt is bad, regardless of what the money was for.

The Financial Posts's Jonathan Chevreau wrote an amazing guide to RRSPs while MoneySense Magazine answered questions related to withdrawing money from a spousal RRSP.

Huffington Post Canada revealed some great tips on how to manage household finances during uncertain times and the Toronto Star explained why internet and TV service prices keep rising.

In an overview, the Canadian Press explained why financial literacy is more crucial then ever. wrote about how cluttered offices actually cost money.

The Windsor Star wrote about some easy ways to improve disability savings plans.

Have a great weekend!

What The Financial Experts Own – Lawrence Ian Geller

January 7th, 2016

lawrence geller headshot
Lawrence Ian Geller

Lawrence Ian Geller

President - L.I. Geller Insurance Agencies Ltd. 

1. What Type of Life Insurance do you own?

Whole life, non participating and universal life using 0 interest rate assumption, all quick pay (10 years). All but one policy is paid up and that one was a conversion of a T5 policy that was done in 2015.

2. What factors did you consider when determining the coverage amount?

We are good savers and have no children. We began our policies in the late 1970's and were buying enough coverage to allow my wife to continue our lifestyle in the event of my early death. We now have no real need for the coverage but hate to give up a good thing.

3. Do you believe in Life Insurance for Children?

Yes. My grandfather and then parents purchased insurance on my life when I was very young and, although the amount now seems insignificant, the policies have good cash values and currently are directed to charities.

4. What is The Biggest Life Insurance mistake people make?

Assuming that they will only need insurance for 10 years or less for their family income needs. Few, if any, of our clients have ever been in a position to cancel their insurance after the initial 10 year term although many delude themselves by thinking, just another 10 years. Many, as they approach normal retirement realize that they haven't saved enough and when they die their spouse is often in a position where more funds than are available are needed.

5. Outside of Life Insurance what other types of individual insurance are often over looked?

Disability Income Replacement; Loss of Future Earnings Disability coverage; Critical Illness Insurance; Business Overhead Disability Insurance; Out of Province / Out of Country Travel Insurance.

Lawrence Ian Geller is the President of L.I. Geller Insurance Agencies, where he provides client oriented service, offering unbiased, third party analysis and recommendations on request.

Lawrence has contributed to several industry publications, including the Globe and Mail, Physician's Financial Monthly, The Health Insurance Underwriter Magazine, Health Insurance Underwriter Magazine and The Toronto Life Underwriter. He is also the Founder of, an internet based discussion board for members of the financial services industry.

<Back to Life Insurance – What The Experts Own

Weekly Personal Finance Roundup For December 25, 2015

December 25th, 2015
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We rounded up recent articles below from the past week, featuring insights and advice from the brightest minds in personal finance:

The CBC reported that Canada is poised to be the hub of Islamic banking.

Yahoo Canada Finance explained how wage garnishment works.

The Business News Network revealed their top financial reads of 2015.

The Globe and Mail wrote about four mortgage trends to watch in 2016.

The Inside Toronto blog revealed five ways to have a frugal winter fun in Toronto.

Forbes predicted that the number of people using non-bank options to manage their finances will increase in 2016.

The Times Union had a great piece on how financial literacy is sagging worldwide.

Merry Christmas Everyone!

Weekly Personal Finance Roundup For December 18, 2015

December 18th, 2015
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We rounded up recent articles below from the past week, featuring insights and advice from the brightest minds in personal finance:

Huffington Post Canada revealed five thrifty and thoughtful holiday gift ideas.

The Financial Post featured a great piece telling us how to make this holiday season about the big gifts like family heirlooms or even cash. They also revealed the Charities of the Year report card 2015, which you can review here.

The Globe and Mail reported on two currencies that are having a worst year than our Canadian dollar.

Yahoo News Canada wrote about the the financial cost of attempted suicide, depression, and getting better.

Toronto Life wrote about a cafe manager/artist who survives living in Toronto by making only $24,000 a year, well below what you would think is required, right?

The Motley Fool Canada wrote about the recent purchase of Wind Mobile by Shaw Communications and what it means for the two companies.

Weekly Personal Finance Roundup For December 11, 2015

December 11th, 2015
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Earlier this week, we launched our partnership with InsureEye, highlighting the importance of online reviews and how it has changed the way consumers research insurance products compared to a time before internet.

We were happy to have been featured on Barry Choi's blog, where our President Chantal Marr wrote a guest post on 10 ways to spend less money on insurance.

We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance:

The CBC revealed details of an investigation into insurance and suicide attempts, discussing why you may not covered in certain cases. Sadly, they later reported that the suicide rate in Alberta climbed 30% just after massive oil-patch layoffs.

The Globe and Mail featured a piece explaining how to purchase your first home without killing your retirement. They also reported on Canada’s tightened mortgage rules which were unveiled this week.

Modest Money posted a great article posing the question: Will Facebook determine if you get your next loan?

Maclean's posted an amazing piece with the most important charts of 2016.

LSM and InsurEye Partner Up To Serve Consumers

December 10th, 2015
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Insureye Founder Alexey Saltykov and LSM's Lorne Marr

LSM Insurance and InsurEye have launched a partnership highlighting the importance of online reviews and how it has changed the way consumers research insurance products compared to a time before internet.

The purpose of the partnership is to make the life insurance experience available to all Canadians. We understand that it takes time out of your day to write a review, which is why LSM Insurance and InsurEye will enter your name into a draw to win an iPad or $1,000 travel voucher for each properly completed review.

“We are proud to be part of this initiative. We think it’s a great thing to incentivize consumers to come forward and share their past and current experiences with Canadian insurers.” said LSM Insurance Director of Marketing Syed Raza.

Why are we doing this you ask?

The internet has helped LSM Insurance connect with clients and simplify the process of getting an insurance quote online. Reviews help you get a good read on an insurance company way before making a claim—when most positive and negative experiences occur.

This public platform from Insureye allows real consumers to share their experiences. It gives consumers a place to vent their concerns and puts everything out on the table. With the power of social proof and impending threat of disruption in the life insurance industry, consumers will inevitably be given what they need.

The carriers and advisors who choose to listen and provide real solutions will benefit in the end as well. It’s about time policyholders and their beneficiaries get a public forum to speak when they feel no one is listening, hosted by unbiased party. 

Submit your review and enter the contest here.

How To Submit a Complaint

December 10th, 2015

complaint form

At LSM Insurance, we strive to serve our clients with the highest level of professionalism and advice.

Please do not hesitate to reach out to us should you ever have an unfavourable experience with any of our agents or representatives. We apologize for your inconvenience and promise to make things right.

Alternatively, please contact us directly by mail, email or phone:

Head Office Address:
LSM Insurance
2900 John Street Suite 302
Markham, Ontario
L3R 5G3

Phone: 1-866-899-4849


If you have not been able to reach a resolution with LSM Insurance, you have the right to seek an Independent Third Party Resolution:

OmbudService for Life and Health Insurance (OLHI) 

Address: 401 Bay Street, Suite 1507 P.O. Box 7 Toronto, Ontario M5H 2Y4

Phone: 416.777.9002

Toll Free: 1.888.295.8112 (Canada wide)

Fax: 416.777.9750

Weekly Personal Finance Roundup For December 4, 2015

December 4th, 2015
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We rounded up recent articles below from the past week, featuring insights and advice from the brightest minds in personal finance:

The Globe and Mail had a great piece on how you can give your kids the gift of money this holiday season by setting up an allowance or an RESP. They also revealed that foreign buyers are increasing their appetite for Canadian condos.

The Winnipeg Free Press wrote about how and why Canadian snowbirds should make sure their finances and estates are in good order before going south, including by calculating your cash on hand and whether you are prepared for a financial emergency. On a lighter note, they also reported on average milk price's in Canada.

The Financial Post wrote about a couple who put all their money into their business, but it turned out to be a huge mistake.

MoneySense Magazine reported on a new rule which will increase the minimum down-payment required on a home purchase from 5% to 10%.

The Toronto Star's Ellen Roseman wrote about one couple's $1 million dollar hospital bill after a premature birth. Although they had travel insurance, it didn't help., citing a report from Equifax, reported that Calgary had the highest consumer debt in Canada, with an average debt per resident totaling over $25,000 dollars.

Weekly Personal Finance Roundup For November 27, 2015

November 27th, 2015
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We rounded up recent articles below from the past week, featuring insights and advice from the brightest minds in personal finance:

The Canadian Personal Finance Blog wrote about rising food prices in Canada, revealing that Canadians paid at least 4.1% more in October than usual. The Canadian Money Saver blog wrote about how Canada's next generation is starting to side hustle.

The Globe and Mail detailed how much benefits parents would get under the proposed child benefit program, which combines three seperate programs into one. They also reported on whether you will pay more or less taxes under Prime Minister's Justin Trudeau's middle-class tax cut proposal.

Global News reporter Tania Kohut wrote a great piece for millenials which offered many great tips on how to build a bright financial future.

The Common Cents Mom wrote about three ways you can save money on Black Friday by looking around for sales and keeping your credit card safe, which will protect you from becoming a victim of fraud.

Personal Finance columnist Ellen Roseman detailed her coverage of Financial Literacy Month [November], which is ending soon.

The Freedom Thirty-Five Blog wrote about hiding your success by using this simple advice: "Live it. Don’t flaunt it."

Head Office: 2900 John Street Suite #302 Markham, L3R 5G3
Office 1-866-899-4849, 905.248.4849 Fax 905.300.4848

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