Critical Illness

A Breast Cancer Survivor Discusses the Impact of Critical Illness Insurance

LSM Insurance Independent Broker, Beirong Xiong has learned to take the good with the bad when life’s surprises come knocking at her door. After finishing her Master’s in Agricultural Economics and Business at the University of Guelph, Beirong moved to Ottawa (Ontario) to pursue a career in financial services. It was on a daily elevator...
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the power of critical illness insurance

The Power of Critical Illness Insurance

Company benefits and the Canadian Health Care System give people a sense of security. They know that if they become ill, their medical expenses will be covered. In most cases, company benefits will also provide a regular pay cheque during recovery time. So, why would anyone need critical illness insurance? The answer is simple –...
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credit-card

Why You Should Avoid Life and Critical Illness Insurance for Credit Cards

Life insurance or critical illness insurance attached to a credit card is sold as a way to pay off your outstanding credit card balance, but in the fine print you’ll discover it’s mainly a lucrative money-making scheme for the issuing banks at the expense of policyholders. A one-stop shop for covering your credit card balance...
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The Basics of Critical Illness Insurance

Life is great isn’t it? You’re working hard to support your young family. You just bought your new dream home and got the promotion you’ve been waiting for. Then BAM! You’re diagnosed with cancer. What will you do then?  If you don’t have the proper insurance coverage in place you may find yourself in a detrimental situation. When...
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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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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.
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5 Medications That Could Affect Your Life Insurance Application

If you are take powerful medications for a serious illness or condition, it may not be easy for you to get a life insurance policy at the standard premium rate.
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The Financial Cost of Cancer and What You Can Do About It

It’s not hard to guess that cancer is the leading cause of death in Canada, accounting for 30% of all deaths. It’s probably no surprise to any of us that 191,300 new cases of cancer and 76,600 deaths from cancer will occur in Canada in 2014. This includes 40,000 Canadian men and 36,600 women. If you...
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Top 5 High Risk Diseases That Will Make it Difficult to Get Life Insurance

Looking for life insurance with a high risk disability or disease is a difficult task. Often, insurance companies will only offer expensive premiums and others will decline your application all together. There are many variables that are considered when determining to accept an application. Some factors include, age, weight and gender. Companies also rate the...
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hospital-kid

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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