LSM Insurance in Media outlets

Unknown withdrawal from your bank account from BMO? Don’t panic

Don’t panic, say brokers form LSM Insurance. “It’s just part of the official transition from AIG Canada to Bank of Montreal.” AIG Canada policy holder Dawn Thompson is not happy – “Do you not think AIG could have had the courtesy to notify me? What if I want to speak to someone at BMO about...
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When critical illness insurance may make sense | The Star

It was about eight years ago that Brooke Robinson bought a critical illness insurance policy due to her family’s history of breast cancer, only to trigger it six years later for an entirely different and unexpected reason.
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Does a 21-year-old need life insurance?

“Brenda M., a 21-years-old full-time student, wants to know when is the right time to get life insurance. Brenda works in the banking services industry and hears a lot of her customers discussing their insurance details with her and how she should get life insurance. She wonders if she really needs life insurance this young....
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How life insurance can shave your capital gains tax

Mary B. and her husband bought life insurance in 2008, where Mary is a primary insured and her husband is included as a spouse. They discovered that in 2018 their premiums will become unreasonably high. They don’t see any point to keep the policy with such high rates, so they are both planning on cancellation...
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When should you stop paying for life insurance?

Chris R.’s mother is 97 years old, in excellent health and living independently in her own home. For a very lengthy period of time, she’s paid for a whole life insurance policy. The premium is paid semi-annually. Chris asks whether she really needs to continue to pay premiums on this policy or she can cease...
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Cut tax while cashing in a whole life policy

Roy and his wife both have whole life insurance policies. Her cash surrender value with paid up additions is around $200,000. His policy is about $190,000. They have no children. They both have pension plans and comfortable assets. They are looking at surrendering one if not both insurance plans. They ask Lorne Marr of LSM...
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When purchasing critical illness insurance policy could make sense | CTV News

It was about eight years ago that Brooke Robinson bought a critical illness insurance policy due to her family’s history of breast cancer, only to trigger it six years later for an entirely different and unexpected reason. Today, she credits her critical illness payout for allowing her and her husband to take three months off...
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Why long-term care insurance is slow to catch on with Canadians – The Globe and Mail

Between an aging population, longer lifespans and medical advances, there’s a growing sense in financial planning that a sound retirement plan must include a way to address the costs of care for people who can’t look after themselves. Long-term care insurance is one option, but you soon won’t be able to buy it on its...
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