Life Insurance Canada News:

News from 2014

What Canada’s Financial Experts Say About Mortgage Insurance

We've investigated and advised against mortgage insurance for years here at LSM Insurance, and it mostly comes down to one dastardly component of how it works — post-claim underwriting. Mortgage insurance is typically sold by banks when you get your mortgage as a means to pay off your mortgage when you pass away. However, the approval for the policy is done after you've already been paying the premiums, and often, people are denied coverage at the time they need it because the ...
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Jim Ruta | Speaker, Coach and Media Host at

Jim Ruta Speaker, Coach and Media Host at 1. What type of life insurance do you own? I own a combination of Whole life, Level COI Universal Life, and Term Insurance valued in seven figures. Frankly, I wish it were all Whole Life, but I didn’t quite understand the value of Whole Life until the cost for the amount I wanted was out of reach. Now that I have been in the business for more than 35 years, it turns out that all the stories I was first told about life insurance ...
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What Type Of Life Insurance The Experts Own: Jamie Golombek

Jamie Golombek Managing Director, Tax and Estate Planning at CIBC Private Wealth Management 1. What type of life insurance do you own? Term Life, Whole Life, and Disability. 2. What factors did you consider when determining the coverage amount? Replacement income needs for term life insurance and disability, investment savings, tax-sheltering, and affordability for whole life insurance. (more…)
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Top 5 Healthy Restaurants in Toronto

Now and then, everyone enjoys indulging in a restaurant meal, but sometimes the foods you eat at restaurants can leave you feeling a little less than healthy. Here’s a list of the five best places in Toronto where you can eat delicious foods and feel satisfied without compromising your healthy lifestyle. (more…)
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What Type Of Life Insurance The Experts Own: Jack Larmond

Jack W. Larmond Consultant,The Benefits Company 1. What type of life insurance do you own? I own the following life insurance and living benefit insurance policies: Term 10 Life Insurance policy, Universal Life, Disability Insurance, Critical Illness Insurance, and Long Term Care Insurance. (more…)
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insurance winter car accident

Insurance Coverage For Winter Accidents

The average snowfall in Ontario ranges from 31 inches (Chatham-Kent) to over 120 inches (Wawa), and where there is snow, there is winter driving. Driving on snow and ice contributed to the over 400,000 collisions reported by the Ontario Ministry of Transportation (2010 report). We cannot avoid adverse driving conditions, but we can be prepared to deal with them. Safe driving practices in a mechanically sound car with winter tires will go a long way in keeping you safe on the ...
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What Type Of Life Insurance The Experts Own: Tony Vidler

Tony Vidler Adviser to the Advice Industry, Strictly Business Ltd. 1. What type of life insurance do you own? $410,000 in life insurance coverage with the majority at a level premium, $450,000 in trauma insurance with the majority also at a level premium, $450,000 in accelerated total and permanent disability coverage and $11,000 a month in income protection, and disability income coverage at a level premium. This last one is a blended contract where the first six months of ...
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Free Book Giveaway: Stop Over-Thinking Your Money

Preet Banerjee - Stop Over-Thinking Your Money For Globe and Mail columnist and Million Dollar Neighbourhood host Preet Banerjee, keeping your personal finances healthy is just like trying to lose weight — everyone knows what they need to do, it's just a matter of actually doing it. However, with so many books and buzz words out there, the world of financial health can be a very confusing one. (more…)
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What Type Of Life Insurance The Experts Own: Sheila Walkington

Sheila Walkington CFO and co-founder of Money Coaches Canadaand co-founder of the Women's Financial Learning Centre 1. What type of life insurance do you own? My husband and I have term life insurance (10-year). My business partner and I also have “key person” term life insurance on each other to help the business cover costs and hire help in order to replace Karin or I if one of us should pass away. (more…)
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What Type Of Life Insurance The Experts Own: Big Cajun Man

Big Cajun Man The Clown Prince of Financial Blogging, "All my best financial decisions have been completely accidental.” 1. What type of life insurance do you own? I own life, disability, and medical insurance through work, as well as car and home insurance. I also use term life as "Mortgage Insurance." (more…)
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