Life Insurance Canada News:

News from 2017

Promod-Sharma

Charitable Giving with Life Insurance

As we approach and enter retirement, planning our legacy becomes more pressing. Philanthropy becomes more important. The biggest gift we can give is our time, with money as a close second. When we’re gone, we can’t give charities our assistance in person but we can still leave them a lot of support through life insurance. Why Life Insurance? There are 6 major reasons to use life insurance for charitable giving: 1. Leverage: small insurance premiums buy a large death benefits, ...
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Depression-Life-Insurance

We’ve Got The Answers: How Does Depression Impact My Premium?

Today's Question: How does depression impact my life insurance premium? Depression can definitely have an impact on your life insurance premium depending on the severity of the depression. If it is your standard depression that is well controlled, things are stable (i.e. medications), and you have not been hospitalized in the past 10 years, there is a good chance you could qualify for standard rates. On the other hand, if an individual has bipolar depression or other more serious ...
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LSM-SSQ-Rawlicious-Lunch

Healthy Eating in the Office

It's no surprise that healthy, clean eating has a massive impact on your overall health, but does it impact your work as well? Believe it or not, healthy eating does play a large role in productivity. A study done in 2012 conducted with about 20,000 employees found that those who ate an unhealthy diet were per cent more likely to report productivity loss. How exactly does this work? Diet has an effect on your cognitive performance. Nutrients such as carbohydrates, glucose, and protein ...
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Cut-Insurance-Rates

Today’s Question: How Can I Cut My Life Insurance Rates?

Today's Question: How can I cut my life insurance rates? You might be wondering why I have a cut softball in my hand and I am proud to say, I am the cause of the state this softball is in. This softball hit the top of the fence and got sliced in half on its way over. Now, I am no Roy Hobbs, but it certainly was an impressive moment for me and it made me think about a question that came in on how you can cut your life insurance rates. A great way to cut your insurance rates if you are ...
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Mortgage Balances on the Rise

Mortgage Balances on the Rise: How Best to Protect Yourself

In a recent report from TransUnion Canada, the average amount Canadians owe in mortgage debt is up by nearly five per cent, even though real estate sales have declined. The average balance for new-mortgages during the first quarter of 2017 was approximately $280,093, up 8% from the same period a year ago. The increase in mortgage amounts is mainly due to rising house prices. According to TransUnion research director Matt Fabian, despite increasing balances consumers have been able to ...
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Mike Aziz Insurance Agent

What The Financial Experts Own – Mike Aziz

Mike Aziz Senior Vice President of Sales,Canada Protection Plan Michael’s career spans over 20 years in the financial services industry including investments, life insurance and living benefits. Prior to joining Canada Protection Plan, Michael spent 15 years at a large Canadian insurance company working in various roles, including Regional Vice President, Wealth Management and Insurance where he lead national teams of Regional Sales Directors who consistently exceeded their ...
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life-insurance

Is Whole Life Insurance Right for You – What You Must Know

Whole life insurance is a great option for some people, but it may not be the right choice for everyone. Some people believe the advantages far outweigh the disadvantages, while others believe just the opposite. What is whole life insurance? It is a life insurance policy that insures you as long as you live. It is both a life insurance and savings product - this policy accumulates value that you can get, either when you surrender policy (i.e. end the policy) or if you decide to borrow ...
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Youth-Without-Shelter-BBQ

LSM Insurance and Youth Without Shelter 3rd Annual BBQ

My team and I at LSM Insurance recently took part in our 3rd Annual Youth Without Shelter BBQ and as always, it was a great success. We wasted no time firing up the grill and creating delicious meals for kids in need. It is always rewarding to give back to the community when we can and Youth Without Shelter surely is a great organization to give back to. What is Youth Without Shelter? Youth Without Shelter is an emergency residence and referral agency serving homeless youth. YWS ...
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LSM-Alcohol-Life-Insurance

Today’s Question: I’m A Recovering Alcoholic, Can I Get Life Insurance?

Today's Question: I'm a recovering alcoholic, can I still qualify for Life Insurance? The short answer is yes, you absolutely can qualify for Life Insurance if you are a recovering alcoholic. The long answer is, what policy? Determining what policy is best for your individual situation is imperative before you jump right ahead on any policy. There are two types of policies you must fully research and understand. The first plan is a traditional fully underwritten policy. These ...
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How-To-Build-Centres-Of-Influence

Today’s Question: How Do I Build Centres of Influence?

Today's Question: How do I build centres on influence? This question actually comes from a life insurance broker, but really applies to any business. Having an influence on your community is key when it comes to growing your business both online and off. Building centres on influence involves aiding others in building their influence which in turn, they can reciprocate. You must look at it from the other person's perspective- how can you aid them in growing their business and what ...
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