Life Insurance and Illness:

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life insurance with cancer

What is Cancer Insurance?

According to a new report from the Canadian Cancer Society, approximately one out of every two Canadians will be diagnosed with cancer during their lifetime, and one in four are likely to die from the disease. The report estimates that 206,200 new cases of some form of cancer will be diagnosed this year and an estimated 80,800 will not survive. This makes cancer the leading cause of death in Canada. "Currently, every year we're seeing an increase in the number of cancer cases in ...
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UPDATE: Understanding Genetic Testing and Life Insurance

The life insurance industry in Canada recently announced new measures it will take to protect clients from discrimination in regards to genetic testing. However, skeptics caution that the changes will not protect consumers from being unfairly targeted. Anyone applying for coverage up to $250,000 will not be required to provide genetic testing information or results from previous tests. Companies may ask individuals for genetic testing information for greater insurance amounts, but ...
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diseases covered by critical illness insurance

INFOGRAPHIC: Diseases Covered By Critical Illness Insurance Policies

Many Canadians are unaware of how Critical Illness (CI) Insurance should fit into their financial plan. Hopefully our latest infographic helps shed some light on the diseases that are typically covered under a CI policy:
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5 Diseases That Make It Hard To Get Life Insurance

In many cases, insurance applications are approved with sub-standard rates or even declined if the applicant has a major illness or medical condition. Other than the main factors such as age, weight and gender, insurance companies will weigh an insured's health history in the underwriting process. Check out our infographic on 5 diseases that make it difficult to get approved at standard life insurance rates. 5 diseases hard to insure
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Life Insurance and Depression – Updated

Depression is a mental illness now being publicly addressed. Back in the day, people never talked about this mental illness. It was thought of as a shameful thing to discuss, and those who were going through depression were embarrassed to address it. By not addressing their depression, many fell victims to suicide, which could have been prevented by seeking help. The public is becoming more aware of depression — especially since famous people have unfortunately succumbed to this ...
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Leslie Beck’s 7 Ways to Lower Your Blood Sugar

Leslie Beck is one of Canada's leading nutritionists. While she still works in private practice as a registered dietitian, you may know her better for her weekly column in The Globe and Mail or her appearances as a nutrition expert on Canada AM. She is the author of 12 books on nutrition and healthy eating, including her latest, The Plant-Based Power Diet.She also has consulted for businesses and food companies around the world and has served as a nutritionist for the ...
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Life Insurance: An Unselfish Purchase

Many people wonder whether they should buy life insurance. To some, it seems like a waste of money. But if you have family members dependent on your income or if you are thinking of having a family, it's really a "no-brainer." Life Insurance is not like other purchases. It's not about you and your wants. It's about the other people — your family. It's an unselfish act that puts your dependents first and if anything were to happen to you, it ensures that they will be looked after and ...
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The Top 10 Reasons to Buy Life Insurance

Keep your house in order with these top 10 reasons to buy life insurance. The number-one question many brokers get when trying to convince a client to buy life insurance is probably, "Why do I need it?" After all, it's an invisible product and on its face, it seems like you're paying for something that you're not going to see the benefit of anyway. Well, that's not exactly true. Life insurance can benefit you while you're alive just as much as it can benefit your family when you ...
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What Canada’s Financial Experts Say About Mortgage Insurance

We've investigated and advised against mortgage insurance for years here at LSM Insurance, and it mostly comes down to one dastardly component of how it works — post-claim underwriting. Mortgage insurance is typically sold by banks when you get your mortgage as a means to pay off your mortgage when you pass away. However, the approval for the policy is done after you've already been paying the premiums, and often, people are denied coverage at the time they need it because the ...
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Qualifying for Life Insurance with HIV or AIDS

People with AIDS or HIV can still get insurance Most traditional life insurance companies will not offer life insurance to people with HIV or AIDS. What they don't tell you is, there is hope. Applicants with HIV or AIDS have three options for qualification: 1) Guaranteed Issue Life Insurance asks no health questions and has no medical tests. The premiums on these policies generally quote high and the face amounts are limited. 2) Simplified Issue Coverage also has no medical tests and ...
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