Life Insurance Canada News:

News from 2015

7 Tricks to Reduce Group Insurance Rates for Small Business

Health insurance is a double edged sword for most businesses but more so for small businesses with a limited cash flow. On the one side, it’s a major expense just to be able to do business. On the other, it’s not something they can do away with if they want to keep key employees. The best employees know the importance of health care benefits and if it gets cut, they’ll leave and work for another business that has a package in place. Employees are the most valuable part of a business, ...
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Weekly Personal Finance Roundup For November 6, 2015

Happy Friday everyone! We were happy to have been featured on CBC Radio’s here. Featured this week on LSM Insurance was our latest infographic detailing the costs of a funeral in Canada,including the sometimes forgotten expenses like thank you cards or your obituary, which can cost hundreds of dollars. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: Personal Finance Expert Sean Cooper made ...
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INFOGRAPHIC: How Much Does a Funeral Cost in Canada?

As explained in our infographic below, there many costs associated with a funeral in Canada including transportation and flowers to name a few. Young or old, you can still fund a funeral by using your life insurance to cover the costs:
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Weekly Personal Finance Roundup For October 30, 2015

Happy Friday everyone! We were happy to have been featured in MoneySense magazine this past week, where our Director of New Business Development discussed estate planning and legacy building. Featured this week on LSM Insurance was our latest article on whether life insurance agents should stop selling products of companies that compete with them. It featured some top personal finance experts who shared there knowledge and opinions on the topic. We rounded up other recent articles ...
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Should Life Agents Stop Selling Products of Companies That Compete With Them?

The exponential growth of the internet has brought about more direct selling of products online and this process is starting to move into the insurance industry as well. In fact, how insurance products are sold to consumers has many different faces today. There are some insurance companies that are starting to sell insurance products directly to the public via the internet without using agents and brokers at all in the process. Some companies only sell insurance products via their own ...
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Weekly Personal Finance Roundup For October 23, 2015

Happy Friday everyone! Featured this week on LSM Insurance was our latest article titledWhat You Wear Could Affect Your Life Insurance Premiums which detailed an insurance company's decision to issue wearable technology to new life insurance policy holders. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: After the Liberal Party's election earlier this week, CanadianManufacturing.com reported on possible higher ...
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What You Wear Could Affect Your Life Insurance Premiums

Earlier this year, John Hancock Financial, an American subsidiary of the Canadian insurance company Manulife Financial, made headlines in the life insurance industry when it started to hand out a Fitbit to its new life insurance policyholders. A Fitbit is an electronic wristband that can track the wearer’s daily physical activity. This includes being able to sense how many steps a wearer takes, the number of calories burned, floors climbed, heart rate levels and the ...
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LSM Insurance Featured in Forum Magazine’s October Issue

LSM Insurance Director of Marketing Syed Raza was featured in the October issue of Forum Magazine discussing how insurance companies and advisors are missing the mark when it comes to dealing with younger adults. Raza explains how to create, connect, and engage with your online community as one solution.
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Weekly Personal Finance Roundup For October 16, 2015

Happy Friday everyone! We were happy to be featured in Forum Magazine this past week where our Director of Marketing explained howinsurance companies and advisors miss the markwhen attemptingto sell insurance to Gen Y. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: Peter Henderson from The Canadian Press reported on how companies are resorting to cyber insurance after high profile data-breaches like the one ...
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Weekly Personal Finance Roundup For October 9, 2015

Happy Friday everyone! Featured this week on LSM Insurance was our latest article on Why More Millenials Should Start Managing Their Finances, which revealed that millenials are the most under-insured generation yet. We were happy to have it featured on MyOwnAdvisor.ca under weekend reads. Robb Engen of BoomerandEcho.com, who was featured in the same article, wrote about the plight of Generation Y and the difficulties they face not to mention when it comes to how they handle ...
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