It was last October when I decided that it would be a good idea to protect my pay and acquire disability insurance to cover my greatest asset, my income. After searching the internet, I found LSM Insurance on the web and quickly realized that I was at the right website.
I was referred to Andrew Burdi, LSM's living benefit expert, who took the time to explain how I could protect my retirement from life's uncertainties, such as cancer, heart attacks or simply being too hurt or sick to work.
We set a meeting and Andrew came to my house and we went through evaluating my needs in the event of a critical illness and or disability. We applied for coverage and I was approved.
Ninety days had passed since Andrew delivered my critical illness policy and it was time for my annual physical. Unfortunately, testing concluded that I had advanced colon cancer. Within 5 days of being diagnosed, I had to go for surgery.
Fortunately I took Andrew's recommendation. Andrew asked me if I was comfortable with the idea to have him come to the hospital to complete the claim forms to get things moving. I signed off to have Andrew assist me with the claim and he was instrumental in doing just that, gathering information then calling all the specialists involved.
Today I am fortunate enough to have a $ 100,000 tax free cheque delivered to me by Andrew Burdi from LSM to simply allow me to focus on getting better which give me the financial freedom to focus on my recovery which is now my first priority.
Four months ago I knew nothing about critical illness coverage until I met with LSM. Thanks to Andrew and LSM today I received a cheque for $ 100,000.
Thank you again for all your support and your willingness to assist with the claim personally.
Warm regards,
Susan Mast
Very good point on the monthly premium factor. We should probably to a article on the that
As to be expected, the “policy fee” reduction has its greatest impact at lower face amounts, younger ages and “preferred” demographic parameters. By definition, the reduction is diluted as the face amounts and insurance ages are increased. Incidentally, I wonder when insurers will lower their modal factor loads (financing charges) from the current general APR of 18.565% APR, paid normally with after-tax dollars for the pleasure of financing term insurance premiums in monthly installments. Premium rates on level premium life insurance for life policies have been increasing steadily due to the decline in interest rates; however, it remains a question… Read more »