LSM Insurance in Media outlets

Why long-term care insurance is slow to catch on with Canadians – The Globe and Mail

October 19, 2017

InsurEye in MoneySense

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 own from one of Canada's largest insurance companies… Read more


How life insurance can shave your capital gains tax

September 22, 2017

InsurEye in MoneySense

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 in 2018 and they wonder if that is a reasonable decision. An insurance expert Lorne Marr helps the couple to make a decision… Read more


When critical illness insurance may make sense | The Star

July 24, 2017

InsurEye in MoneySense

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?

July 17, 2017

InsurEye in MoneySense

"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. Find answer from insurance expert Lorne Marr."… Read more


When purchasing critical illness insurance policy could make sense | CTV News

July 17, 2017

InsurEye in MoneySense

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 work so they could move from Toronto to Ottawa where she underwent an experimental procedure that has allowed her to walk again without assistance… Read more


Cut tax while cashing in a whole life policy

April 21, 2017

InsurEye in MoneySense

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 insurance if he has any suggestions to help minimize the share the taxman will get. The insurance expert provides the couple with the insights… Read more


When should you stop paying for life insurance?

January 30, 2017

InsurEye in MoneySense

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 paying and just leave the policy alone. Lorne Marr, an insurance professional, answers this question… Read more