Life Insurance Canada News:

News from 2011

Insurance Policy Claims: The Necessary Steps

So something has happened to you or your family, but thank goodness, you have insurance, and now it's time to file a claim. But how is that done exactly? What do you need to do to prepare?Don't stress! We'll show you... Life Insurance Policies Filling out paperwork is the last thing you want to do when you lose a loved one who has named you his or her life insurance beneficiary, which is why we at LSM Insurance try to make the paperwork as painless as possible. Still, here are the ...
Continue reading

Insurance and Investment Journal: Embracing Young Clients

This article was published in July's Insurance and Investment Journal Embracing young clients When Lorne Marr began his career at metropolitan Life Insurance Co. of Canada 18 years ago, he spent a full year cold calling. He approached former fellow students, friends and colleagues, and built up a clientele of young professionals. "I knew a lot of young people just starting their careers like myself," he said in a recent interview. (more…)
Continue reading

New question in Life Insurance FAQ

New question in Life Insurance FAQ:Hello, My wife is 25 y/o healthy ns/nd. what type of life insurance should i be looking at. also i am looking in the range of 500,000 to 1,000,000. what type of monthly premiums would i be expecting. a further question is can i buy life insurance from the u.s. even though i live in canada. Thanks for the note. The premiums will depnd on the type of plan. Term plans start of lower and go up as you get older whereas Permanent plans start off higher ...
Continue reading

Free Accident Insurance

No, the title of this article is not a typo. It's true:Union of Canada is offering free accident insurance to insureds age fifteen days to six years. The base amount of accidental death coverage is $5,000, and there are a host of free accident-related fracture benefits, including fractures related to injuries of the foot, collar bone, shoulders, wrists, elbows, or upper arms. Additional services are covered for accidents such as chiropractic service, dental care, or ...
Continue reading

Term 100 Life Insurance with a Twist

Union of Canada offers a term 100 life insurance policy with a unique twist. Called Select Life, this policy generally has the best pricing and is available in base amounts of $200,000 or higher. There are no policy fees on the plan, and the premiums are guaranteed never to increase. What sets it apart from other Term 100 policies in Canada is that the insured has the option of taking a reduced paid-up amount of coverage equal to half the policy face amount after 15 years, assuming ...
Continue reading

Lorne Marr and Friends Help Raise Over $1,400 for Epilepsy

Lorne Marr and friends take a break from the action. On Friday, August 13, 2011, founder Lorne Marr and the team from LSM Insurance took to the diamond for a very special baseball game. They ran the bases and hit it out of the park for a very important cause. Care-Alive (The Caroline Cunningham Foundation for Epilepsy) was started in 2009 by the friends and family of Caroline Cunningham after her death from Sudden Unexplained Death in Epilepsy (SUDEP) at the age of 32. The ...
Continue reading

Why Life Insurance Looks Good During a Recession

With the Toronto index losing 9% in just the last three sessions and the Dow shaving off 635 points in one day, the recent economic turmoil has caused many Canadians to re-examine their investments and assets. However, life insurance can look very attractive during volatile markets or recessionary periods and doesn't need to be re-evaluated because, when life insurance is compared to other no-risk or low-risk investments, the internal rate of return can be favourable. (more…)
Continue reading

New question in Life Insurance FAQ

New question in Life Insurance FAQ:What does banded 20 year level term to age 100 plan type mean. Does coverage stop in 20 years or does it continue until age 100I think you are referring to 20 year term insurance renewable to age 100. This means the premiums are level for 20 years. After the 20 years the policy is guaranteed renewable to age 100 but the renewal rates will be significantly higher after the initial 20 years. Read more questions and answers about Life Insurance FAQ.
Continue reading

New question in Life Insurance FAQ

New question in Life Insurance FAQ: I had a few questions with regards to coverage on Life Insurance plan from Canada Life. if one takes the plan in Canada and later moves to an international location for e.g. Asia, would the 1)insurance coverage still be valid internationally and 2)If the person passes away in the international location, will the family still be able to claim the money out? Thanks for the questions 1) Yes your coverage would remain inforce as long as the policy is paid ...
Continue reading

BMOinsurance.com

Buy BMO insurance products direct through their website. It's patently obvious to everyone that BMOinsurance.com is BMO Insurance's website, but did you know it's also the destination for buying their insurance products direct? Their flagship direct life insurance plan is BMO Guaranteed Life Plus. This plan is a guaranteed-issue policy, which provides coverage with no health questions and no medical tests. However, the policy still has a death benefit, which is limited in the first two ...
Continue reading