Disability Insurance:

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IA-Jackie-Nemethy

Why Is Disability Insurance So Important?

LSM Insurance reached on to Jaclyn Nemethy - Regional Sales Director at IA Excellence to get her insights. Jaclyn is known for her thorough knowledge and providing her advisors with exceptional support and training on all the living benefits solutions IA Excellence can offer. She sits on the Advocis Toronto Chapter Board as a Director. She recently attained her CHS designation and is now working towards her CLU designation. Do you feel as if Canada's disability insurance market is ...
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Comparing-Canadas-Top-Disability-Insurance

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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10 Facts You Need To Know About Disability Coverage

10 Facts You Need To Know About Disability Coverage

Imagine not being able to work and earn a living for your family. It's not something most people want to think about on a daily basis. Protecting your livelihood with adequate disability insurance can mean the difference between maintaining your standard of life or being forced to make drastic cuts in household spending after being hit with a life-changing injury or illness. Your ability to earn a income is your single greatest insurable need. Being prepared for the worst and having ...
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Andrew McKeown | Insurance Consultant, Great-West Life

Andrew McKeown | Insurance Consultant, Great-West Life

Disability Insurance Expert Andrew McKeown Andrew McKeown Insurance Consultant,Great-West Life 1. What type of disability insurance do you own? I own a Non-Cancellable Great-West Life Professional Disability Plan. 2. What factors did you consider when determining the coverage amount? I didn’t want to buy a crap plan that I was sure wouldn’t pay. Insurance is expensive enough, why would you cut costs on something as important as disability insurance. It’s like buying a ...
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Mike Castagna | Consultant, J.W. Larmond Life Insurance and Benefits

Disability Insurance Expert Mike Castagna Mike Castagna Consultant,J.W. Larmond Life Insurance and Benefits 1. What type of disability insurance do you own? I own a professional series disability policy that is non-cancellable, payable to age 65, with a 90 day wait period. I also made sure to add the future income option and cost of living adjusted benefit riders to my policy as I am young and wanted to guarantee my future insurability if I have a change in health. 2. What ...
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Why Being Financially Unprepared for a Disability Could End Up Costing You

A recent poll conducted by RBC revealed a disturbing fact: 48% of Canadians said that they weren’t prepared to be off work due to a disability. This stat shows that many Canadians still don’t take the threat of losing their income due to a disability very seriously. Many individuals, especially those from younger age groups, feel like they aren’t at risk from serious disabilities and don’t need to have contingency plans in case they are ever unable to earn an income due to a long-term ...
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Disability Insurance Definition Demystified thumbnail

INFOGRAPHIC: Disability Insurance Demystified

As explained in our infographic below, there are some important definitions and points in a disability insurance policy that would confuse an applicant because of the fine print involved, or in a worse-case scenerio, prevent them from paying you a cent because you didn't understand the insurance contract.
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6 Insurance Policies Self-Employed Professionals Should Consider

6 Insurance Policies Self-Employed Professionals Should Consider

Being self-employed has its perks. You have a flexible schedule, control your own income potential and make decisions based on your own self-interests. But, when it comes to being insured, that’s where being self-employed can be a little tricky. Working for an employer usually allows you to be a part of a group insurance plan that covers you and your family for a variety of insurance products. If you decide to take the self-employed route, you will usually be cut off from these group ...
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The Financial Stress Test That Canadians Are Failing

The Financial Stress Test That Canadian Are Failing Are you prepared to support yourself or your family if you sustain an injury in the workplace? According to recent research, the majority of Canadians say, “no”. Over 75 per cent of Canadians admit that they would actually be financially devastated if they were forced to leave work due to a disability, and while many people have had to take disability leave for not more than 90 days, anyone who was considered disabled for more than 90 ...
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Five Disability Insurance Loopholes

How well do you know your disability insurance policy? What happens if you answered your policy questions incorrectly? Do you have illness protection, or only injury protection? When does your coverage expire? Having disability Insurance is critical, and it’s something everyone should have in order to protect some of their biggest assets, such as their mortgage; but do you know everything about your policy?Are you fully protected? What if something goes wrong? Below are ...
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