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Chantal Marr Quoted in the Investment Executive

Chantal Marr, president of LSM Insurance, was quoted in the Investment Executive on October 2014. The newspaper quotes her in an article calledInsurers to tackle “denied claims” stigma, written by Megan Harman. The article covers the issue of negative effect generated by denial of the insurance claims. (more…)
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The Dumbest Insurance Fraud Attempts Ever: #10

Four Women Faked Death of a Fake Man There are many insurance fraud cases where the fraudster fakes injury or even death. However, four women from Los Angeles decided to bring insurance scam to another level by faking not only that a person died but even the person who was supposed to die. The elaborate scheme included making up fictitious people, purchasing insurance policies, waiting for them to mature, arranging fake funerals with caskets filled with various items to simulate the ...
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Dan Wesley | Blogger, OurBigFatWallet.com

Dan Wesley Blogger, Our Big Fat Wallet 1) What Type of Life Insurance do you own? My employer provides a termlife insurance policy as part of their benefits package. Under their basic coverage package, I am covered for 2x my salary. I also buy travel insurance to use when travelling out of the country. 2) What factors did you consider when determining the coverage amount? In the event that I pass away, I would want to make sure my wife and I's major financial ...
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Life Insurance and Depression – Updated

Depression is a mental illness now being publicly addressed. Back in the day, people never talked about this mental illness. It was thought of as a shameful thing to discuss, and those who were going through depression were embarrassed to address it. By not addressing their depression, many fell victims to suicide, which could have been prevented by seeking help. The public is becoming more aware of depression — especially since famous people have unfortunately succumbed to this ...
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Sean-Cooper

Sean Cooper|Pension Analyst and Financial Journalist

Sean Cooper Pension Analyst and Financial Journalist, www.seancooperwriter.com 1. What type of life insurance do you own? My employer provides group life insurance and accidental death and dismemberment (AD&D) coverage. The basic coverage is my eligible earnings times one, up to a maximum coverage of $1,000,000. This means if I make $60,000 a year, I would be covered for $60,000. I am also automatically covered for AD&D in an amount equal to my basic life insurance. ...
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Sean-Cooper

Sean Cooper | Pension Analyst and Financial Journalist

Sean Cooper Pension Analyst and Financial Journalist, www.seancooperwriter.com 1. What Type of Disability Insurance do you own? My employer provides me with group disability coverage in the event that I’m injured or ill and unable to work for an extended time. The plan comprises two parts: short-term disability (STD), which pays a benefit for up to 6 months (this is the elimination period), and long-term disability (LTD), which begins to pay a benefit after 6 months. For any validated ...
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Jim-Yih

Jim Yih | Retirement Consultant, RetireHappy.ca

Jim Yih Blogger, Fee-Only Advisor, Best-Selling Author –RetireHappy.ca 1. What Type of life insurance do you own? I own term insurance to fund a shareholders agreement and key man insurance. My business partners will get the business and my wife will get the value of the shares in cash. I also own a whole life and a universal life policy that I bought back in 1992, when I first came into the business. My whole life policy has performed the best and, in retrospect, I wish I would have ...
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The Pros and Cons of Permanent Life Insurance

Permanent insurance is not an insurance product that can be taken lightly. It's a product that is only right for certain insurance needs and circumstances that could help or hurt you, depending on how it is used. The Globe and Mail publisheda piece on the "Pros of Permanent Insurance" and, while all of them are true, they're only telling half of the story. We've outlined the pros and cons of permanent insurance below, so that you have all the information and can truly select the right ...
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Top 5 Term Life Insurance Mistakes People Make

Sometimes it’s easy to make the following mistakes when you make a term life insurance purchase, or it could be that you didn’t do it right. Most clients are unfamiliar with life insurance and usually require the assistance of an agent to aid them in the process. In our previous article,Independent Agent vs. Captive Agent, we address the issue that agents and their clients must and should maintain a good relationship. (more…)
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Kevin Cahill | Founder of Canadian Legacy Builder

Kevin Cahill, B.Sc.(Hons), CFP, CHS, CLU, EPC Founder, Canadian Legacy Builder 1. What type of life insurance do you own? I own a combination of Permanent Cash Value Whole Life and Term Insurance. I am worth significantly more dead than I am alive, but I know that my debts and obligations will never outlive me. I do plan, as time evolves, to convert it all to a permanent plan, as the only effective life insurance is the one that is in force the day you die. Every person who has ever ...
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