Life Insurance Canada News

What The Financial Experts Own – Jonathan Jubida

What type of life insurance do you own? I own a combination of Limited Pay Whole Life Permanent Insurance, Term Insurance and Critical Illness Insurance. What factors did you consider when determining the coverage amount? Factors I considered when...
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We’ve Got The Answers: Should I Buy My Policy Direct?

Today’s Question: Should I buy my policy direct? It’s a good question and by direct, I am assuming you mean, “should I buy the policy directly from the carrier and bypass the broker?” A lot of people think they can save money doing this but...
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tfsa audit

Is Your TSFA Ripe for an Audit

A recent BMO survey revealed that Canadians contributed about $1000 less to their TFSAs in 2016 than they did the year before. The reason? They simply couldn’t afford to save as much – 43% said they didn’t have enough money, while 36% needed the money for other things. About 15% of the people polled didn’t...
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Comparing Canada’s Top Disability Insurance Plans

We reached out to Tim Landry to provide us LSM Insurance with an in-depth analysis of Canada’s top disability insurance plans. Tim is been offering disability insurance solutions to Canadians for over 45 years and has a real passion for this market. Canada Life Plan Names: Lifestyle Protection Independence Market: Professional, White & Blue Collar...
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funeral costs in Canada

Breaking Down The Cost of a Funeral In Canada

There comes a time in everyone’s life when the subject of death has to be brought to the table. Nobody likes to think about it, let alone discuss the topic with their family, but putting off important decisions about final preparations will only make things more difficult for the loved ones you leave behind. Making...
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We’ve Got The Answers: My Father Had A Stroke; Can He Get A Life Insurance Policy?

Today’s Question: My father had a stroke; can he still get a life insurance policy? The short answer is yes, he should be able to get a policy. The long answer really depends on the type of policy, and the severity and time of the stroke. These factors can potentially affect the insurance application. ...
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Life Insurance and Foreign Travel

Where you go and where you’ve been for the holiday season can have a major impact on your insurance premiums. Photo by Claus Rebler With the holiday season fast approaching, many people are looking to get out of dodge for a little rest and relaxation. However, past and future travel plans can have a big impact on life insurance premiums.
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A Life Insurance Evolution: Intelligent Application vs Electronic Application

I recently had the opportunity to sit down with Michael Suska, the National Director of Sales for individual insurance with Humania Assurance Inc. We discussed Humania’s intelligent application process and what really distinguishes it from electronic applications which have been around for many years. Basic Difference Electronic Application is essentially a fillable paper application....
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What Makes Humania Assurance Inc Different – Q&A with Michael Suska

Can you tell me a little bit about your background? How did you get started in the insurance industry? I started in the life insurance industry in January 1998 with Great West Life as a disability insurance specialist. I joined Humania Assurance Inc seven and a half years ago and I am currently the...
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What The Financial Experts Own – Chad Larmond

Bio Chad created Larmond Risk Management in 2011 to help business owners, professionals & executives in securing the future of their families and businesses.Chad prides himself on treating his clients with the utmost professionalism.His consultative approach to insurance planning allows his clients to feel confident in their coverage as they preserve and grow...
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Genetic testing life insurance

Why Genetic Testing Has Insurance Companies Up In Arms

Life insurance companies in Canada are once again initiating new measures to help protect consumers from discrimination based on their genetic profile. Critics, however, are not convinced the changes will ensure fair treatment. The voluntary pledge states that people applying for a life insurance policy of up to $250,000 will no longer be asked or...
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We’ve Got The Answers: How Can I Motivate My Clients to Take Action?

Today’s Life Insurance Question: how can I motivate my clients to take action? This question came to me while I was thinking about The Raptors season starting tomorrow (and it just so happens I am prepared with my Raptors shirt today!). I thought about a challenge that Coach Casey faces- how does he motivate his...
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