Latest posts

LSM Insurance Turns 25: Serving Canadians from Coast to Coast

LSM Insurance – from 1993 to today LSM Insurance’s geographical coverage LSM Insurance team Our insurance partners LSM Insurance’s first steps in 1993 The story of LSM Insurance began in 1993. Upon graduating with an MBA from the University of Windsor, and with work experience from Metropolitan Life, Lorne Marr decided to launch LSM Insurance Services Ltd. He had a prior interest in the life insurance industry thanks to his long-term friend and owner of Toronto Mutual Group, ...
Continue reading

What Are the Differences Between a Broker And an Agent?

What is the difference between an independent life insurance broker and a captive life insurance agent? This infographic helps us figure that out:
Continue reading

Critical Illness Insurance: What Changes Should Insurers Make?

Critical illness insurance pays out a lump sum that you can use at your discretion if you are diagnosed with one illness on a list of critical illnesses, including cancer, stroke, and multiple sclerosis. But, in a recent article from the Financial Post, Mark Halpern of illnessPROTECTION.comreported that fewer than 25% of advisors have sold a living benefits policy (including critical illness) in Canada. So why hasn't critical illness insurance caught on in Canada? We asked some of ...
Continue reading

Buying Life Insurance From An Independent Agent vs. Captive Agent

When potential clients decide it’s time for them to purchase a life insurance policy, it's more than likely they don’t know where to start. At this point, they should decide if they want to deal with a captive agent or an independent agent. Both have their ups and downs, but ultimately the client needs to choose one. An independent agent is someone who has connections to multiple insurance companies, whereas a captive agent is only connected to one insurance company, therefore he or she ...
Continue reading

Canadians Aren’t Confident They Have Enough Life Insurance

Most Canadians don't really understand life insurance. It's no secret that the majority of Canadians don't really understand life insurance. And now there's a survey to confirm that trend. BMO Insurance released a poll in mid-july 2014, showing that88% of Canadians are not very familiar with the different types of life insurance. In addition,while 74% of those Canadians polled have some type of insurance either through their employer or personal policies, 70% of those ...
Continue reading

E-Cigarettes: Are They Beneficial?

Thinking about curbing your smoking habit? Or even just finding a healthy replacement for smoking? Well, guess what. You're not alone. There are more smokers in North America than you probably realize, and of course, most if not all would like to quit but find it relatively hard to do so. E-cigarettes are becoming popular among smokers and are used to help curb smoking habits. E-cigarettes are meant to be harmless and a better alternative to traditional smoking — or that's what we ...
Continue reading

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 ...
Continue reading

CIBC: Five Year Term Life Insurance Policy

CIBC's five-year term life insurance policy is underwritten by Manulife Financial. The policy is available in increments of $50,000, $75,000, or $100,000 and the premiums are fixed for the first five policy years. The plan is available to applicants who are 18 to 65 and also offers a built-in living benefit of up to $50,000. and a cancer benefit of up to $10,000, as well as the waiver of premium benefit. A couple of caveats with the policy include the fact that it is not convertible to a ...
Continue reading

VIDEO: LSM Broker Speaks About the Loss of his Father

Aman Kapur, an insurance consultant at LSM Insurance, spoke in the Toastmasters Club about the tragic loss of his father. He passed away after suffering a heart attack when Aman was just one year old. Watch this very inspirational speech he called "Never let the heart fail!" that is not only about Aman's loss and how it has affected him, but also about health and how the world has changed in terms of lifestyle since his father's passing. [fvplayer src="/video/Aman Kapur-sd.mp4" ...
Continue reading

Senior LSM Insurance broker interviewed on E-cigarettes

Senior LSM Insurance broker William Shung was interviewed by News Talk 770 in Calgary regarding the controversial topic of E-Cigarettes. Insurance companies are adding fuel to the fire by pricing all E-cigarette users as smokers. William takes the stance that these people should not be priced as smokers. Part of the dilemma for insurance companies is that they do not have enough data to analyze the risk. But as Chantal Marr, President of LSM Insurance, noted in a National Post article, ...
Continue reading