LSM Insurance has been helping people in Edmonton with their life insurance and living benefits needs over 25 years. We serve customers across the Capital city and its suburbs (Spruce Grove, Stony Plain, Sherwood Park, etc.) with our local, experienced life insurance brokers.
Edmonton, AB, Canada
Insurance products we offer in Edmonton:
Edmonton is known for having plenty of small businesses and entrepreneurs, along with a high density of oil and gas related jobs. The need for flexible, reliable benefits to cover both risky occupations and the self-employed workforce is very prevalent in this region. Our brokers have access to a variety of customizable insurance products to ensure those in Edmonton get the life, health, and living benefit insurance they need.
The Alberta Insurance Council (AIC), licenses and regulates insurance agents, adjusters, and brokers in Alberta. AIC was formed under the Insurance Act and derives authority from delegations from the President of Treasury Board and Minister of Finance. AIC is funded through examinations, licensing fees, and assessments in the insurance industry.
Insurance rates in Edmonton vary based on age, family health history, commute, and many other risk factors. To find the best rate for your needs, work with a broker that has access to a variety of carriers. A broker will search the market and compare the rates on your behalf. Below are sample average rates for different policies.
Disclaimer: Remember that life insurance rates are highly individual and depend on a number of criteria including but not limited to your age, health status, health pre-conditions, family health history, lifestyle/life habits and more.
Life insurance rates in Edmonton depend on the type of policy you choose, be that term or permanent, or a living benefit. Term is the cheapest policy. A Term 10 policy for a 43-year-old non-smoker female in good health is around $25/month for $500,000 in coverage.
Life insurance in Edmonton may be purchased directly from an agent or company, over the phone, online, or through a broker. Some companies or associations provide group insurance that includes life insurance. Consult with a broker to have them compare rates on your behalf and to review your existing coverage to ensure you are not over or under insured.
The Alberta Insurance Council (AIC), licenses and regulates insurance agents, adjusters, and brokers in Alberta. AIC was formed under the Insurance Act and derives authority from delegations from the President of Treasury Board and Minister of Finance. AIC is funded through examinations, licensing fees, and assessments in the insurance industry.
Disability insurance in Edmonton is often part of employee group plans, but it can also be purchased from a direct insurer, agent, or broker. Always consult with a professional that can not only shop the market for the best coverage and rates, but will also do a full assessment to ensure you are not paying for coverage you cannot use. Disability insurance from any source cannot exceed about 85% of your income; you cannot stack policies.
