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Life Insurance and Drug Use History

Lorne: I have Mike Liem with me from Canada Protection Plan and we’re going to talk about an issue we run into on our site and with advisors: clients and prospective clients who have a history of drug use. How would CPP treat them, how can some of those people get coverage, what are some things you are looking for? Mike: That’s an excellent question, Lorne. We get that a lot now, especially since we released our new Express Elite app. Let’s say a client tried cocaine five years ago. We ...
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Life Insurance and Heart Attack

Lorne: I’m here with Mike Liem today from Canada Protection Plan, and we’re talking about different health issues and how you can qualify for life insurance. I was going to ask you about something we get inquiries on, and that’s heart attacks. Can you still qualify for life insurance, what kind of life insurance you can get, and would CPP be a good fit? Mike: An excellent question. We do get a lot of clients with heart conditions, whether it’s a stent has been placed in, an angioplasty, ...
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All You Need to Know About Life Insurance

I’m going to talk a little bit today about how life insurance works. It can be a bit of a basic question, but at the same time, there is a lot to look at with a life insurance policy, like the type of plan: there is term insurance, which starts off lower in cost and goes up as you get older, and then there’s permanent insurance, which starts off higher in cost and never goes up as you get older. Now, one of the things to look out for with a life insurance policy is the waiting period. A ...
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How does the CPP’s New Advisor Assist Program work?

 Lorne: Hi, I’m here with Mike Liem of Canada Protection Plan, and I wanted to talk to him a little bit about the new Advisor Assist Program and how that works. Mike: Great. Thanks again for having me, Lorne. The Advisor Assist Program came out on May 29th. It’s basically our own little better way to do business, let’s call it. We’ve decided to help advisors help themselves and help their clients because we hear the stories a lot, where, “oh, I’m an advisor and I’m going to set up my ...
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What You Must Know about the New CPP Express Elite Policy?

 Lorne: I’m with Mike Liem of Canada Protection Plan today. I know you guys have a lot of changes with your applications. I thought today would be a great day to go over some of the different plans and how your new Express Elite Program works versus your A-Z application. Mike: Great. Thanks again for having me, Lorne. Basically, the Express Elite was introduced on May 29th, and it’s targeted for healthy people ages 18-60. If someone turned 20 or turned 30 asks for the half-million-dollar ...
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All You Must Know about CPP’s A-Z Program and App

 Lorne: I’m here with Mike Liam today from Canada Protection Plan and we’re talking a little bit about some of their different plans. We are going to talk now about your A-Z program and how that works and how it fits in with some of the other things that you’re doing. Mike: Thanks Lorne, again, thanks for having me. The A-Z is basically our old existing app. It doesn’t change. We just renamed it because we introduced our new Express Elite app for healthy people. So, the A-Z app was ...
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We’ve got the Answers: What is the CPP Express Elite Plan?

 Lorne: I’m here with Mike Liam from Canada Protection Plan today. We are doing some video work and we are talking first about Canada Protection Plan’s new Express Elite plan. Why don’t you tell us a little about the plan, Mike, and what makes it unique and why you came out with it and all that fun stuff. Mike: Thanks, Lorne, for having us. We came out with it on May 29 for one particular reason. We are reaching out into what we call the “regular markets” now. It’s basically designed for ...
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Canadian life Insurance companies after Raptors NBA win | Infographic

The recent Raptor’s NBA Championship win has transformed not only Canadian basketball but also the entire life insurance industry. Here is our take on the current Canadian life insurance and living benefits provider landscape (with an obvious portion of humour). Big 3 Life Insurers: Manulife Financial, Sun Life Financial, and Canada Life (former Great-West Life Insurance, Canada Life Insurance, and London Life Insurance). Mid-Size Life Only Insurers: Humania Assurance, Empire Life ...
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Accidental Life Insurance: Everything You Must Know

You’ve likely seen “Accidental Life Insurance” or “Accidental Death and Dismemberment” on your employee benefit booklet or as a rider on an individual policy. What is this coverage and how does it differ from other forms of life insurance? Today we will discuss everything you need to know about Accidental Life Insurance / Accidental Death and Dismemberment, aka AD&D, so you can decide if this coverage should be a part of your insurance protection. What is accidental life insurance? Is ...
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Stack Life Insurance / Top up Life Insurance | What You Must Know

 Lorne: I am here with Mike today from Canada Protection Plan. We are having fun talking about life insurance, imagine that. We are talking about a great idea and a great point that Mike had – how clients who have health issues may actually stack their life insurance (i.e. buy several policies) with different life insurance companies and how that might work so it is a great opportunity to tell our audience about it. Mike: Absolutely, at Canada Protection Plan we only have half-a-million ...
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