Life Insurance Canada News:

News from 2011

Canadian Tire Accidental Insurance Coverage

Canadian Tire offers term life insurance and accidental insurance underwritten by Canada Life and sold directly via their call center. The hardware store's accidental insurance coverage is similar to most accidental insurance coverage, in that it is available without a medical exam. The acceptance on the policy is guaranteed and the insured can also get up to $200,000 of coverage. The premiums on the policy are as low as $7.75 per month. In addition, based on $100,000 of coverage, the ...
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Who Hasn’t Raised Their Universal Life Rates?

The rates below were as of the time the article was written and have since changed. Assumption Life discontinued sales on it's Universal Life plan. RBC Insurance is no longer offering new Universal Life plans via it's broker network the policy is still available for Term conversion purposes. Which companies haven't raised their Universal Life rates? In the past few months, several of the leading life insurance companies in Canada have raised their universal life ...
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Profit Magazine: The Wealthy Entrepreneur

10 essential strategies for every business owner who wants to be rich and stay rich Profit Magazine in their March edition published a handy checklist of wealth-management moves for entrepreneurs, explaining why, when and how to make each one. LSM insurance was included! By Julie Cazzin, February 16, 2011 in ProfitGuide.com (more…)
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Critical Illness – LSM Insurance’s Andrew Burdi Examines Critical Illness Loophole

LSM's Andrew Burdi knows all the critical illness loopholes. LSM Insurance advisor Andrew Burdi discussed three little known Critical Illness Insurance Loopholes. Burdi says they are an increasing number of Critical Illness providers in Canada who offer guaranteed renewable Critical Illness coverage. These policies differ from non-cancelable policies because the premiums may be adjusted on a class line basis. Non-cancelable policies offer guaranteed premiums for the life of the ...
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IA Excellence: No Medical Life Insurance Policy

With IA Excellence's non-medical plan, a doctor will not examine you before you qualify. IA Excellence offers a non-medical life insurance policy. The plan is geared towards people who have health problems and are unlikely to qualify for traditional life insurance, as well as people who prefer being able to obtain life insurance without a medical. The main policy features include: (more…)
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Critical Illness Providers: LSM’s Andrew Burdi Discusses the Secret Benefits.

LSM insurance broker, Andrew Burdi was recently interviewed to discuss some of the little known benefits and unique features of Critical Illness providers in Canada. He listed some of those unique benefits to give for or readers: (more…)
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IA Excellence’s Universal Loan Insurance, an Alternative to Creditor Insurance

IA Excellence's Universal Loan Insurance is a unique alternative to traditional creditor insurance. To qualify: 1. The insured must be between the ages of 18 and 59. 2. Hold full-time work or be on parental leave. 3. Be an individual or corporation. 4. Have a spouse who works full-time if they themselves are without paid work. (more…)
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Critical Illness: Is Return of Premium a Good Deal?

LSM's Andrew Burdi says Critical Illness Insurance has a healthy rate-of-return. The return-of-premium feature on Critical Illness policies gives the insured the option to get all of the money if he or she remains healthy. We recently interviewed LSM Insurance Critical Illness specialist Andrew Burdi to get his take on the main on the Return-of-Premium option offered on Critical Illness coverage. (more…)
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Medavie Blue Cross: Easy Access and Preferred Access Simplified-Issue Policy

Medavie Blue Cross offers both an Easy Access and Preferred Access Simplified-Issue policy. (more…)
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Standard Life Terminal Illness Benefit

(Effective January 1, 2012, Standard Life will no longer sell individual life insurance and critical illness policies). Standard Life has a Compassionate Benefit Program for its term and permanent life insurance policies. If the insured suffers from a terminal illness that reduces his or her life expectancy to 12 months or less, the insured can receive an advance on the payable death benefit. (more…)
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