Brokers

LSM Insurance Turns 25: Serving Canadians from Coast to Coast

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, Andy Zwolinski. The first decade of the business saw Lorne doing exactly what he had envisioned: helping thousands of Canadian families have a brighter and more secure future. LSM Insurance quickly racked up numerous awards and Lorne earned a perennial qualifier for the Million Dollar Round Table.
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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:  
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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.com reported that fewer than 25% of advisors have sold...
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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...
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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 that 88% of Canadians are not very familiar with the different types of life insurance. In addition, while 74%...
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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...
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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...
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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....
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Bill 157: The Insurance Experts Weigh In (UPDATED)

UPDATE: Since the following article was first published, Bill 157: The Financial Advisors Act has passed its second reading in the Ontario Legislature. Our article has also been the subject of much discussion and debate on Twitter, including a comment from the Toronto Star‘s Ellen Roseman: @LSMinsurance Thanks, Chantal. I agree with Ami Maislish’s comments....
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Long-Term Care Insurance Makes Good Financial Sense

Tim Landry is passionate about Long-term care.   Tim Landry started in the insurance business in 1969 with Crown Life and is now a living benefits consultant. “I have no interest in retirement. I say to a lot of people that I’ll retire three weeks after I die. I’m blessed to like what I do,” he...
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