Life Insurance Canada News:

News from 2015

The Best Online Budgeting Tools

For many Canadians, trying to budget for bills, short-term investments, retirement savings and life in general can be mind boggling and frustrating at times. Proper budgeting requires an ongoing process of fact-finding, setting goals and monitoring progress. There is a lot for the average Canadian to keep up with when it comes to their personal finances.Luckily, there are online budgeting websites and tools that can help you cut the stress of budgeting down to a minimum. Here's ...
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Weekly Personal Finance Roundup For July 24th 2015

Happy Friday Folks! Check out our Weekly Roundup below: This week on the LSM Insurance blog we published an infographic on illnesses that are covered under most critical illness insurance policies. Yesterday, we posted a fun piece showcasing 11 people who defied death in fatal scenarios. The entire team at LSM was grateful to be selected as the #8 managing general agent (MGA) in Life Health Pro Magazine's list of Top 10 MGAs in Canada. We rounded up other recent articles below, ...
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11 People Who Barely Escaped the Grim Reaper

Falling out of a flying plane, having nails wedged into one's head, or getting struck by lightning seem like surefire ways to die, but the people in our list of death-cheaters have done all of the above and lived to tell the tale. Here is our countdown of the 11 most amazing stories who have danced with death and luckily made it out alive: 11. Reshma Begum Coming in at number 11, is Reshma Begum. In April 2013, 17 days after the collapse of a garment factory in Bangladesh, which ...
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diseases covered by critical illness insurance

INFOGRAPHIC: Diseases Covered By Critical Illness Insurance Policies

Many Canadians are unaware of how Critical Illness (CI) Insurance should fit into their financial plan. Hopefully our latest infographic helps shed some light on the diseases that are typically covered under a CI policy:
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Weekly Personal Finance Roundup For July 17th 2015

Thank Goodness, Friday is finally here! To kick things off on the LSM blog this week, weupdated our coverage of Canadian marketplace lenders to include new B2B player Lending Loop. Later in the week, I discussed recent findings that people age at different rates and how this could eventually affect life insurance pricing. We collaborated with our online partners at Insureye.com, to help create an infographic detailing the life insurance options available to applicants with ...
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Life insurance aging

People Age At Different Rates, So Why Do We All Pay The Same Price For Life Insurance?

What does a 33-year-old look like? After using Microsoft’s free age-guessing tool,I was shocked to find out that looks can be deceiving.I recently ran the tool using a photo of myself in my mid-20’s, amidst an unhealthy phase in my life. The tool guessed age 30. So sad. Then I ran the tool using a photo from last year when I was 32 years old and much more physically fit than I was in my 20's. The tool guessed age 29. Less sad. Microsoft’s fun little tool was on to ...
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Weekly Personal Finance Roundup For July 10th 2015

Happy Friday everyone, hopefully your week is going great! This week at LSMInsurance.ca we launched a giveaway for a free ticket to the 2015 Canadian Personal Finance Conference, which takes place on October 17-18 in Toronto. Check out the best Canadian personal finance articles from the past week: Tax & Estate Planning specialist Jamie Golombek was quoted in the Toronto Star discussing how annuities can resolve the fear of outliving your resources. This interesting piece at the ...
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Weekly Personal Finance Roundup For July 3rd 2015

We hope everyone had a fun Canada Day on Wednesday! This week on the LSM blog we discussed consumers hitting record debt levels in Canada and how this could impact life insurance companies and policyholders. LSM broker andcertified financial planner,Saeed Ally, was featured in The Toronto Star talking about coaching the less fortunate to build a financial safety net. Our director of marketing, Syed Raza, was quoted in the Life Health Professional magazine discussing ...
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Record Debt Levels and Their Impact on Life Insurance Companies

Record Debt Levels and Their Impact on Life Insurance Companies

You’ve probably heard about how we’re dealing with record debt levels in Canada, but how does this impact life insurance companies and you as an individual or family? To help answer this question, we’ll take a look at how the debt level is calculated, how it affects Canadians, and how it impacts life insurance companies. How Debt Level is Calculated The two factors used in the debt level equation are household credit and disposable income. • Household credit: Credit such as ...
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Weekly Personal Finance Roundup For June 26th 2015

This week on the LSM blog we featured life insurance expert Rob Gawthrop's recommendations on life insurance. On Wednesday, we asked the question, are all medical marijuana users considered smokers for life insurance underwriting purposes? The Globe and Mail featured a story on poor tax planning that led to a big headache for one deceased's heirs. Romana King of Moneysense, shared a fun list of items you wouldn't expect to becovered under home insurance plansbut actually ...
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