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Comparing Canada’s Top Disability Insurance Plans

We reached out to Tim Landry to provide us LSM Insurance with an in-depth analysis of Canada’s top disability insurance plans. Tim is been offering disability insurance solutions to Canadians for over 45 years and has a real passion for this market. Canada Life Plan Names: Lifestyle Protection Independence Market: Professional, White & Blue Collar Pros: "Build your own plan" product, fit product to budget, excellent policy wording; sickness coverage. Cons: ...
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funeral costs in Canada

Breaking Down The Cost of a Funeral In Canada

There comes a time in everyone's life when the subject of death has to be brought to the table. Nobody likes to think about it, let alone discuss the topic with their family, but putting off important decisions about final preparations will only make things more difficult for the loved ones you leave behind. Making final arrangements ahead of time will take a lot of pressure off your survivors. Planning ahead lets everyone know what arrangements have to be made and how much it will cost, ...
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We’ve Got The Answers: My Father Had A Stroke; Can He Get A Life Insurance Policy?

Today's Question: My father had a stroke; can he still get a life insurance policy? The short answer is yes, he should be able to get a policy. The long answer really depends on the type of policy, and the severity and time of the stroke. These factors can potentially affect the insurance application. If it was a serious stroke and one that occurredrecently, he is going to want to look at a simplified issue-type policy. These policieshave no medical tests and a series of ...
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Life Insurance and Foreign Travel

With the holiday season fast approaching, many people are looking to get out of dodge for a little rest and relaxation. However, past and future travel plans can have a big impact on life insurance premiums. The factors affecting the insurance company's decision will include the following: Which country the applicant is going to and their destination in that country? The purpose of their travel, is it for business or pleasure? The health of the applicant. The ...
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A Life Insurance Evolution: Intelligent Application vs Electronic Application

I recently had the opportunity to sit down with Michael Suska, the National Director of Sales for individual insurance with Humania Assurance Inc. We discussed Humania's intelligent application process and what really distinguishes it from electronic applications which have been around for many years. Basic Difference Electronic Application is essentially a fillable paper application. There are some unique advantages in that it makes sure that no questions are missed on the ...
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life insurance mistakes to avoid

The Biggest Life Insurance Mistakes

As part of our Life Insurance Expert series, we asked 10 Financial Experts what they think is the biggest Life Insurance mistake people make. Here is what they had to say: #1 Ellen Roseman – Personal Finance Columnist, The Toronto Star “A common mistake is to underestimate the amount of income you can earn from what appears to be a large amount of life insurance. In 2005, I did a column about a man who died at age 45, with $2 million in life insurance for his stay-at-home wife and ...
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What Makes Humania Assurance Inc Different – Q&A with Michael Suska

[caption id="attachment_14328" align="alignnone" width="300"] Michael Suska National Sales Director at Humania Assurance[/caption] Can you tell me a little bit about your background? How did you get started in the insurance industry? I started in the life insurance industry in January 1998 with Great West Life as a disability insurance specialist. I joined Humania Assurance Inc seven and a half years ago and I am currently the National Director of Sales for Individual ...
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good sleep lower insurance rates

How A Good Nights Sleep Could Save You Money on Your Life Insurance

To be happy, healthy and productive, you need to get enough sleep. People who take care of their health and aim for longevity deserve to pay less for life insurance and sleep is an important factor for good health throughout your life. Getting enough quality sleep can help protect your physical health, mental health, safety and quality of life. How you feel during your waking hours depends on how well you have slept. While sleeping, your body continues to work on maintaining physical ...
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What The Financial Experts Own – Chad Larmond

Bio Chad created Larmond Risk Management in 2011 to help business owners, professionals & executives in securing the future of their families and businesses.Chad prides himself on treating his clients with the utmost professionalism.His consultative approach to insurance planning allows his clients to feel confident in their coverage as they preserve and grow their wealth.His patience and keen attention to detail ensure that his client’s best interests ...
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Genetic testing life insurance

Why Genetic Testing Has Insurance Companies Up In Arms

Life insurance companies in Canada are once again initiating new measures to help protect consumers from discrimination based on their genetic profile. Critics, however, are not convinced the changes will ensure fair treatment. The voluntary pledge states that people applying for a life insurance policy of up to $250,000 will no longer be asked or required to provide information about previous genetic tests. Insurance companies are still allowed to use this information when applicants ...
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