Industrial - Alliance Life Insurance

Life Insurance for Non-Residents

Canadian insurance companies have developed insurance plans for all types of visitors to Canada. Whether you are a new immigrant, business traveler, visitor, foreign worker or student, there is an affordable life insurance plan designed to suit your needs. Industrial Alliance, one of the largest companies in Canada (founded in 1892), has a long history...
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accidental death insurance

Life Insurance with Accidental Death: Is it a Good Deal?

There is a new version of this article (summer/fall 2018) about Accidental Death and Dismemberment Insurance that explains in detail this insurance. It also compares costs of Accidental Death Insurance to other insurance types. Canadians are constantly bombarded with life insurance offers. Although having adequate coverage is important, many of these offers are for specialized...
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Top 10 Canadian Life Insurance Companies 2014

Last year, based on findings from Financial Post Business Magazine in June 2014, LSM Insurance is releasing its list of The Top 10 Life Insurance Companies for 2014. Not much has changed from last year. Great West-Life Co. still has the top spot, followed by Manulife Financial, Sun Life, and Industrial Alliance in the top...
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Term 100 Life Insurance vs. Participating Whole Life

“As attractive as term insurance might be due to the lower cost, it’s important to realize that most insurance needs will require permanent coverage,” wrote Tim Cestnick in his “Tax Matters”column for The Globe and Mail. Permanent policies can be divided into three distinct categories — whole life insurance, universal Life and term 100 insurance....
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Comparing Simplified Issue Term 20 Plans

When it comes to the term life insurance product segment, the Simplified Issue Term 20 space has become highly competitive. For example, Humania Assurance Inc., formerly one of Canada’s oldest life insurance mutual companies as LS Mutual, has entered the market. It already provides heavy competition in the guaranteed-issue no-medical insurance market to more established,...
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Evaluating Insurance Calculators from Canada’s Top Life Insurance Companies

At the end of each of our articles, LSM invites readers to go to our various life insurance calculator pages for a free quote. We also have a Needs Analysis Calculator that lets you know how much insurance you may need based on your own personal circumstances. However, we are not the only insurance...
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20-Pay Whole Life Insurance

Whole life’s 43% market share is significantly higher than universal life’s 28% and, in a lot of cases, it’s participating whole life’s investment component that consumers are attracted to. Participating whole life gives consumers an investment opportunity to “participate” in the profits of the sponsoring insurance company. For example, Sun Life Financial reports that they...
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Are Universal Life Rates on their Way Back Down?

Mortgage rates have begun to climb up in recent months. But, with The Bank of Canada keeping its interest rate the same and economists speculating that it will not go up until 2015, many wonder if this mortgage rate climb will lead to insurance companies forcing the rates on their Universal Life policies down. According...
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Increasing Longevity and Life Insurance

The Globe and Mail reports that a group of scientists in New York may have found the fountain of youth. Researchers at the Albert Einstein College of Medicine have discovered that by manipulating a protein in the hypothalamus in the brain of rats, they can extend the rats’ lifespan by 20 years, and during that time,...
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The Future of Whole Life Insurance

Life insurance companies in Canada have been under increasing pressure thanks to historically low interest rates. However, the Toronto Star reports that these low interest rates may soon disappear. Low interest rates are generally bad news for banks and insurance companies, as they begin to invest your premiums and deposits in long-term bonds and other guaranteed investment vehicles...
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