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Weekly Personal Finance Roundup For November 20, 2015

Featured this week on LSM Insurance was our latest post covering thebasics of Critical Illness insurance. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: Tim Cestnick of The Globe and Mail rounded up 6 tips employeesshould consider before year-end to save on taxesincluding by negotiating a home office or reducing taxable car benefits.On retirement, the paper outlined which retirement savings ...
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The Basics of Critical Illness Insurance

Life is great isn’t it? You’re working hard to support your young family. You just bought your new dreamhome and got the promotion you’ve been waiting for. Then BAM! You’re diagnosed with cancer. Whatwill you do then? If you don’t have the proper insurance coverage in place you may find yourself in a detrimentalsituation. When you’re shopping for insurance you want to make sure you cover all your bases and one veryimportant coverage is critical illness ...
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Weekly Personal Finance Roundup For November 13, 2015

Featured this week on LSM Insurance was our latest post revealing 7 Tricks to Reduce Group Insurance Rates for Small Business. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: Macleans Magazine wrote an interesting piece on how to become a millionaire. CTV News reported on howentrepreneurs are turning to crowdfunding to finance businesses. The Toronto Star wrote about how drivers inquiring about the new snow ...
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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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