Life Insurance Canada News:

News from 2010

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 ...
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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. We are also very active when you need us most – ...
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FlexCare Manulife Enhancements Starting Sept.1

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, the Combo Plus Starterplan is anon-medical health and dental plan that does notrequire the filling out of medical forms, the undergoing of medical exams or the answering of health questions in order to qualify. (more…)
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BankRate.ca: Student accident insurance

May Alexander knows all about kids and accidents. As mom to two active boys, ages five and seven, she's seen her fair share of bumps and bruises. Those she can handle, but it's the big things - major accidents or injuries - that scare her: first and foremost the horror of her children getting hurt, but also how she'd cover the cost of everything from rehabilitation to prosthetics. As a result, this Toronto mother invests in accident insurance ... just in case. "Anything that says ...
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Non-medical life insurance policies

Non-Medical Life Insurance Myths

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 ...
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Long-Term Care Insurance: Why you Need it More Than Ever

Canadians are living longer than ever before, and while this is good news, it does have a financial impact. According to Statistics Canada, one in every seven Canadians is 65 and over. Provincial health insurance plans do not have the resources to pay the full cost of long-term care. They provide no coverage for private facility care and pay only a limited amount for care at home. Expenses for private nursing, cleaning, shopping, travel, etc. are primarily the insured's ...
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New question in Life Insurance FAQ

New question in Life Insurance FAQ: Is Life insurance tax-free? Life insurance death-benefits are tax-free. the premiums on life insurance policies are generally paid with after-tax dollars, rather than pre-tax dollars. However, with Permanent Life insurance policies, there is cash value that grows (within the tax exempt limits of Canada) on a tax-sheltered basis. This money can then be used to offset future premiums. The net-effect premiums are then once again being paid with pre-tax ...
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BMO’s Children’s Life Insurance Plan

BMO Insurance offers a children's life insurance plan sold directly via its call center and not its broker network. The plan is called the “Headstart in Life Plan.” (more…)
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Five Facts about BMO Insurance

BMO Insurance’s Easy One plan is a non-medical life insurance - simplified issue plan sold directly via the BMO call center and is not available through its broker network. The plan features are below: (more…)
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New question in Life Insurance FAQ

New question in Life Insurance FAQ: What is Universal Life insurance? Universal Life insurance is an unbundled form of Permanent Life insurance, which means the life insurance and the investment component are separate. Most insurance companies allow the insured to choose from a wide variety of investment options and the investments can grow on a tax-sheltered basis. Read more questions about Life Insurance FAQ.
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