Life Insurance Canada News:

News from 2015

Why More Millennials Should Start Managing Their Finances

Being young in the current economy is no easy feat. With an economy still reeling from the effects of the post-9/11 recession and the recent effects of a weakening Canadian dollar, many millenials are struggling to build their financial future. The Generation-Y is facing high-levels of unemployment and underemployment. As a result, many have put off large life tasks like buying a car or house until later in life. This generation will also be faced with a world with far less job security ...
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Weekly Personal Finance Roundup For October 2, 2015

Happy Friday everyone! Featured this week on LSM Insurance was our latest infographic on theTop 5 Reasons To Buy Life Insurance, explaining the need to protect yourself from unpredictable financial losses and health issues that can affect your insurability in the future. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: The Insurance and Investment Journal revealed how you can find a lost life insurance policy, ...
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INFOGRAPHIC: Top 5 Reasons To Buy Life Insurance

Check out the infographic below for our Top 5 Reasons To Buy Life Insurance. We explain the need to protect yourself from unpredictable future financial losses and health issues that can affect your insurability. Getting life insurance locked in at low rates and reviewing policies at least once a year to keep coverage up to par are also key reasons that made the list. The Top 5 Reasons were previously featured by Pattie Lovett-Reid on CTV Canada AM.
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Weekly Personal Finance Roundup For September 25, 2015

Happy Friday everyone! Featured this week on LSM Insurance was our latest installment in the series What The Experts Own, featuringT.E. Wealth Vice PresidentMatthew J. Ardrey. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: The Globe and Mail explained why Canadians need to abandon the 20% down-payment rule when purchasing a home while revealing that leadersignored TFSAs and OAS changes during ...
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What The Financial Experts Own – Matthew J. Ardrey

Matthew J. Ardrey Vice President at T.E. Wealth 1. What Type of Life Insurance do you own? I currently own basic group coverage through my employer and a T20 policy privately, which I purchased about five years ago. I chose T20 because the premiums were relatively low and would remain constant regardless of any health change I may experience over the next 20 years. The choice to hold it privately also allows me to take it with me if I ever change employers. When the ...
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Weekly Personal Finance Roundup For September 18, 2015

Happy Friday everyone! We were happy to have been featured this past week on TheMoneyWeHave.com highlighting our article about five medications that could affect your life insurance application. Featured this week on LSM Insurance was our article on the Medical Insurance Bureau and your privacyincluding how the bureau works and common myths about the watchdog. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal ...
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Everything You Need to Know About the MIB and Your Privacy

Search ‘MIB’ on Google and most of the results are related to The Men in Black but that's not exactly the MIB we’re talking about. Formerly known as the the Medical Information Bureau, it maybe similar to The Men in Black, because they too are a secretive, non-governmental organization, but rather than keeping track of UFO activity they work to keep track of an individual’s insurance underwriting history. Established in 1902, the MIB Group, Inc. is a not-for-profit, member-owned ...
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Weekly Personal Finance Roundup For September 11, 2015

Happy Friday everyone! Featured this week on LSM Insurance was our article on the best and worst sports for life expectancy. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: The Winnipeg Free Post wrote about Intact Financial Corp.'s decision to work with car service Uber to create products tailored for the popular ride company. The Globe and Mail, citing a survey, reported that almost half of the Canadian ...
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The Best and Worst Sports For Life Expectancy‏

When you apply for life insurance, your life expectancy is the biggest factor that determines the cost of the premiums you pay.Insurance carriers prefer to deal with clients that are more likely to live longer and pay as much into their policies as possible. The longer your life expectancy, the lower your premium rates. On the flip side, a shorter life expectancy means that you’ll be hit with bigger premiums.While age is obviously the biggest factor when it comes to determining life ...
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Weekly Personal Finance Roundup For September 4, 2015

Happy Friday everyone! We were happy to have been featured this past week on MoneySense.ca where our Director of New Business Development Lorne Marrdiscussed the beset way to update your financial plan after having a baby. We were also featured onMyOwnAdvisor.ca where Mark Seed highlighted our article discussing the benefits of term versus permanent life insurance. Featured this week on LSM Insurance was our latest article on the top five regrets of the dying. We rounded up ...
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