Ask Our Experts Your Life Insurance Questions

LSM Insurance has been providing life insurance solutions to Canadians for just under 20 years.

Our team of experts helps unravel the mystery of life insurance and answer questions like the following:

  • How much life insurance do you need?
  • What is the best type of life insurance plan?
  • Which life insurance company has the the best rates?
  • Will my occupation effect my premium?
  • How much more will I pay because I smoke and how long do I have to quit smoking to get a non-smoker discount?
  • Which company should I go with if I have health issues like cancer, heart disease, or diabetes?
  • Does family history affect my premium?
  • Will my policy pay out if I die while travelling?

We are in constant contact with underwriters from the leading life insurance companies across Canada, including Manulife, BMO, RBC Insurance, and Empire Life.

Our team of specialists has expertise in estate planning, final expenses, life insurance, and insuring the hard-to-insure.

For more details on how LSM Insurance can help solve your life insurance needs, please contact us at 1-866-899-4849, or drop us a question below with no obligation and we will answer it as soon as possible.

LSM Insurance
LSM Insurance

You would have to check the provisions of your policy. Generally speaking when you change from Smoker to Non Smoker the insurance company also requires a health declaration and you may have to submit a blood or urine sample.

Your classification can not get worse than what you have now.

Dee S
Dee S

I have had a Manulife Universal Life policy for about 25 years. I can now apply for non-smoking rates on this policy. Will they make me answer other questions about my health (do I now have asthma, cancer, diabetes, etc?)? Could they end up INCREASING my rates as a result of a change in my health?

LSM Insurance
LSM Insurance

Thanks for the note Bradley. This should be possibly but you would have to check the policy or verify this with the insurance carrier. Some policies have minimum issue limits i.e the minimum face amount may be $50,000.


Can you reduce the face amount on a paid-up whole life policy (payments were limited to 20 years) and receive a proportionate amount of the cash surrender value?

LSM Insurance
LSM Insurance

Thanks for the note – AIG was puchased by BMO Insurance.

Their contact details are below. Regards, LSM Insurance

BMO Life Assurance Company of Canada
60 Yonge Street
Toronto, Ontario
M5E 1H5

Phone: 1-800-387-4483 (BMO Life Assurance Company) 1-866-360-


Hi: I have been reviewing my insurance and have been paying $9.95 per month on policy number from AIG ….. …. ….and I can’t find my policy information or contract. I need to know what the policy covers. I would be thankful to hear from you, Laura.