For more than 25 years, LSM Insurance has helped people in Ontario with their life, health, and living benefits needs. Whether you live in Toronto, Ottawa, Windsor, London, Markham, Hamilton, or Brampton; whether you live in an urban area or out by the one of the beautiful lakes, there is an LSM broker ready to customize a policy just for you.
Toronto, ON, Canada
Mississauga, ON, Canada
Ottawa, ON, Canada
Kingston, ON, Canada
Hamilton, ON, Canada
Sudbury, ON, Canada
Insurance products we offer in Ontario:
While life insurance is important for everyone, the structure of that insurance varies from person to person. In Ontario, the high cost of real estate often means long and expensive mortgages. Life insurance is vital protection; if the breadwinner dies, it can be the difference between the family retaining the home or losing it. The cost of living in Ontario is also higher than in many other provinces – especially for those living in Toronto. Life and living benefits expenses greatly help mitigate your financial risk. Read on to learn why life insurance in Ontario is important for these, and other reasons.
The Financial Services Commission of Ontario (FSCO) regulates and licenses agents and brokers in the province. It also provides access to a page where you can check the current licensing status of each life insurance broker in Ontario.
Life insurance rates in Ontario are driven by your personal risk factors and financial goals. Since there are many variables that affect your application, talking to a broker that will compare the policies on the market for you is the best idea. Broker services are free and provide you with the widest range of options. Following are sample quotes for a variety of scenarios.
Term has the cheapest life insurance rates in Ontario. It expires and renews at a higher rate, so lock in as long of a term as possible, or only get a term that covers your years of greatest risk. A healthy 40-year old male non-smoker can pay as little as $27/month for a Term 10 policy with coverage of $500,000.
Life insurance in Ontario is available through agents, brokers, group providers (employee benefits, association benefits, etc.) and even some banks. Brokers shop the market for you and present your best option, as opposed to a bank or agent that only sells the products of one company.
Financial Services Commission of Ontario (FSCO) regulates and licenses agents and brokers in the province.
Disability insurance in Ontario is available through group insurance, from an agent, a broker, or a bank. A bank may term this as mortgage or debt insurance. Note that such insurance through a bank usually lists the bank as the beneficiary, not you or your family.
