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Should Life Agents Stop Selling Products of Companies That Compete With Them?

The exponential growth of the internet has brought about more direct selling of products online and this process is starting to move into the insurance industry as well. In fact, how insurance products are sold to consumers has many different faces today. There are some insurance companies that are starting to sell insurance products directly to the public via the internet without using agents and brokers at all in the process. Some companies only sell insurance products via their own ...
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Weekly Personal Finance Roundup For October 23, 2015

Happy Friday everyone! Featured this week on LSM Insurance was our latest article titledWhat You Wear Could Affect Your Life Insurance Premiums which detailed an insurance company's decision to issue wearable technology to new life insurance policy holders. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: After the Liberal Party's election earlier this week, CanadianManufacturing.com reported on possible higher ...
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What You Wear Could Affect Your Life Insurance Premiums

Earlier this year, John Hancock Financial, an American subsidiary of the Canadian insurance company Manulife Financial, made headlines in the life insurance industry when it started to hand out a Fitbit to its new life insurance policyholders. A Fitbit is an electronic wristband that can track the wearer’s daily physical activity. This includes being able to sense how many steps a wearer takes, the number of calories burned, floors climbed, heart rate levels and the ...
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LSM Insurance Featured in Forum Magazine’s October Issue

LSM Insurance Director of Marketing Syed Raza was featured in the October issue of Forum Magazine discussing how insurance companies and advisors are missing the mark when it comes to dealing with younger adults. Raza explains how to create, connect, and engage with your online community as one solution.
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Weekly Personal Finance Roundup For October 16, 2015

Happy Friday everyone! We were happy to be featured in Forum Magazine this past week where our Director of Marketing explained howinsurance companies and advisors miss the markwhen attemptingto sell insurance to Gen Y. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: Peter Henderson from The Canadian Press reported on how companies are resorting to cyber insurance after high profile data-breaches like the one ...
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Weekly Personal Finance Roundup For October 9, 2015

Happy Friday everyone! Featured this week on LSM Insurance was our latest article on Why More Millenials Should Start Managing Their Finances, which revealed that millenials are the most under-insured generation yet. We were happy to have it featured on MyOwnAdvisor.ca under weekend reads. Robb Engen of BoomerandEcho.com, who was featured in the same article, wrote about the plight of Generation Y and the difficulties they face not to mention when it comes to how they handle ...
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Why More Millennials Should Start Managing Their Finances

Being young in the current economy is no easy feat. With an economy still reeling from the effects of the post-9/11 recession and the recent effects of a weakening Canadian dollar, many millenials are struggling to build their financial future. The Generation-Y is facing high-levels of unemployment and underemployment. As a result, many have put off large life tasks like buying a car or house until later in life. This generation will also be faced with a world with far less job security ...
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Weekly Personal Finance Roundup For October 2, 2015

Happy Friday everyone! Featured this week on LSM Insurance was our latest infographic on theTop 5 Reasons To Buy Life Insurance, explaining the need to protect yourself from unpredictable financial losses and health issues that can affect your insurability in the future. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: The Insurance and Investment Journal revealed how you can find a lost life insurance ...
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INFOGRAPHIC: Top 5 Reasons To Buy Life Insurance

Check out the infographic below for our Top 5 Reasons To Buy Life Insurance. We explain the need to protect yourself from unpredictable future financial losses and health issues that can affect your insurability. Getting life insurance locked in at low rates and reviewing policies at least once a year to keep coverage up to par are also key reasons that made the list. The Top 5 Reasons were previously featured by Pattie Lovett-Reid on CTV Canada AM.
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Weekly Personal Finance Roundup For September 25, 2015

Happy Friday everyone! Featured this week on LSM Insurance was our latest installment in the series What The Experts Own, featuringT.E. Wealth Vice PresidentMatthew J. Ardrey. We rounded up other recent articles below, featuring insights and advice from the brightest minds in personal finance: The Globe and Mail explained why Canadians need to abandon the 20% down-payment rule when purchasing a home while revealing that leadersignored TFSAs and OAS changes during ...
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