Life Insurance Canada News:

News from 2015


Kevin Cahill | Founder of Canadian Legacy Builder

Kevin Cahill Canadian Legacy Builder Kevin Cahill, B.Sc.(Hons), CFP, CHS, CLU, EPC Founder, Canadian Legacy Builder 1.What type of Critical Illness insurance do you own? I own $250,000 face amount of coverage to age 75. 2.What factors did you consider when determining the coverage amount? In November 2001, my soon to be father-in-law's mother passed away. She was in her 70's when she was diagnosed with a brain tumour. Three months later my father-in-law, who was a business owner, ...
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Weekly Personal Finance Roundup For March 20th 2015

Our infographic this week is aboutGuaranteed Issue life insurance. We describe what it is, who sells it and who is suitable for this policy. We also had an article about free life insurance benefitsyou might have that you are not taking advantage of. In the article, Chantal goes into detail of what kind of benefits you might have. LSM is in the news! Lorne Marr was quoted in the February/March 2015 issue of MoneySense. Lorne was quoted by Julie Cazzin in her article, the ...
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Giveaway: MoneySense Retire Rich 2015

MoneySense is returning it's Retire Rich Event this year on Wednesday, April 8th, 2015. The event will be held in Oakville at the Oakville Conference Centre on 2515 Wyecroft Rd. The event will take place between 5:30 p.m. - 9:30 p.m. Retire Rich is an event hosted by MoneySense to help you live a rewarding life in retirement. Personal finance experts come together to bring one night of practical advice and insights. At Retire Rich, you will learn financial tactics money plans that can ...
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Lorne Marr Quoted In MoneySense: The Only Insurance Guide You Need

Insurance can be a confusing but necessary purchase. To help mediate the confusion, MoneySense put together an insurance guide for all your needsin their February/March 2015 issueby Julie Cazzin. She covers the topics of disability insurance, auto insurance, life insurance and much more. In the MoneySense guide, Lorne Marr, our Director of New Business Development, offered his insights on how you should treat your life insurance policy and how to save a few thousand ...
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Completely Free Life Insurance Member Benefits You Need To Know About

Owning a life insurance policy can have its perks and advantages. Life insurance companies often offer their policyholders special benefits for free or at discounted costs. These benefits can include different items and will vary from company to company. When purchasing a life insurance policy, make sure you ask your life insurance company if they’re willing to offer any extra free benefits or perks to their customers. While some life insurance companies will simply present you with ...
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The Ins & Outs Of Guaranteed Issue Life Insurance

Guaranteed Issue Life Insurance is a no medical life insurance plan that does not require a medical test, or health questions, in order to get approved. This is similar to a Simplified Issue plan. The difference between the two is that a Simplified Issue plan requires a health questionnaire to be answered before approval. A Guaranteed Issue Life Insurance policy is a great fit for those that are already ill or have recently been diagnosed with a serious medical condition such as, ...
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Weekly Personal Finance Roundup March 13th 2015

Our articles for this week offers advice on purchasing your life insurance policy and how the life insurance industry can appeal to a younger generation. One life insurance tip is to ask about the 10-Day Free Look Period. In the article, we explain exactly what this is and how it may help you if you get stuck in a bad life insurance policy. We also looked into the disconnection between life insurance companies and millennials. One way toclose the gap between life ...
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How The 10-Day Free Look Can Resolve Life Insurance Buyer’s Remorse

It’s not an uncommon occurrence to see people applying for an expensive life insurance policy and then immediately regretting their purchase afterwards. If you find yourself in this situation: don’t panic. There’s an easy way out of this predicament. Most life insurance policies come with a “free look” period which entitles policyholders to a right of rescission. This period lasts for 10 days immediately following the delivery of your policy. During the free look period, you’re ...
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Insurance Carriers Missing The Mark On Millennial Consumers

Insurance companies have consistently missed the mark when it comes to attracting millennial consumers. If you're unaware, the term 'millennials' is used to describe people born between 1980 and 2000, and they are one of the most underinsured groups of individuals in society today. The disconnection between millennials and insurance companies can be attributed to several factors. Insurers Don't Fully Understand Millennials First of all, many insurance companies haven't yet figured out ...
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Life Insurance in St. John’s, Newfoundland and Labrador

St. John's is the capital city in Newfoundland and Labrador. According to National Geographic, the city is considered to be one of the top ten oceanic destinations. The population of St John's has reached211,724 in 2014. Making it the second largest metropolitan in Atlantic Canada and 20th largest in Canada overall. The name of St John's comes from the feast day of John the Baptist. The main industry of St. John's was previously fishing. However, the collapse of the fishing industry ...
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