Life Insurance Canada News Archives

11 Financial Impacts of Divorce That Every Married Person Should Know

Everyone knows that divorce isn’t free. In fact, it can literally cost a fortune. Between lawyers and councillors, the cost of a second residence (likely for one of the parties involved) and liquidating assets, you can be in for a long and expensive ride. If you are absolutely certain that your marriage is over and...

Barry Choi | Personal Finance & Budget Travel Expert at Money We Have

We reached out to Barry Choi, blogger at Money We Have, to learn what kind of Critical Illness Insurance he owns.

William Shung | Senior Insurance Advisor

We ask senior insurance advisor, William Shung, what kind of critical illness insurance he has.

Weekly Personal Finance Roundup

Check out this week’s round-up of Personal Finance articles and blogs: DividendMantra.com analyzes the pros and cons of seperate and combined budgets with your significant other GetSmarterAboutMoney.ca breaks down the 5 things you should cover in your will Jason Heath gives MoneySense.ca readers the lowdown on different types of living benefits policies FreedomThirtyFiveBlog.com discusses drawbacks...

Can Your Tax-Free Savings Account Be Too Profitable?

The Harper government created Tax-Free Savings Account (TFSA) to help shield our savings from tax, but now Canada Revenue Agency (CRA) auditors are targeting TFSA holders with large sums of money in their accounts. According to a recent article in The National Post, if you’ve posted not onlylarge gains in your account, but if...

LSM in the News: Is Your Business Ready for a Four-Day Work Week? (The Voice)

LSM Insurance is known throughout the land for its four-day work week. As a result, its founder, Lorne Marr, is often called upon in the media to talk about its genesis. Recently, he recounted the story for The Voice, the business magazine for The Markham Board of Trade. As the story goes, Lorne was running...

Landmark Supreme Court Decision Opens Door to Sue Banks Selling Creditor Life Insurance

If you’re a frequent visitor to this page, you know that LSM Insurance is not a big fan of creditor life insurance and mortgage life insurance. Though these policies are meant to cover the remaining balance on your credit card or mortgage in the event of your death, often it’s very difficult for family members...

LSM Insurance Announces their 2nd Annual Bowling Night Benefiting Lupus Ontario

Earlier in 2014, LSM Insurance held a bowling night, raising $2,000 for Lupus Ontario. The event was so successful that they’re doing it again in 2015. “LSM Insurance is extremely proud to once again working with Lupus Ontario and sponsoring our second Lupus / LSM Charity Bowling Event. They are terrific group of people who are...

Is Whole Life Insurance a Good Investment?

Arguably, the most debated issue among life insurance consumers is whether whole life insurance is a good investment or whether you should instead go with a term insurance plan.This is the “To Be, Or Not to Be?” of the life insurance industry, as life insurance experts and personal finance columnists come down on either side...

High Net Worth Executives and Disability Insurance

Louis Gosselin began his career in the special risk field in 1974 and worked as an underwriter for three different insurance companies, until he formed his practice in 1988. He worked mostly with high income earners in the sports, leisure, corporate and entertainment industries, traditionally difficult classes of risk mostly handled by Lloyd’s. Over the...

MoneySense Retire Rich 2014 Recap

MoneySense, Canada’s best-selling finance magazine held an event last weekend titled Retire Rich. The four featured speakers were Bruce Sellery, Duncan Hood, Malcolm Hamilton and Dan Bortolotti. Each person brought something different to the topic of retirement.

Are Robo-Advisors The Future Of Investing?

The world of financial investing has changed. More people are getting involved with personal financial investments and they are not using financial or banking advisors. Some people do it themselves and others are acquiring the assistance of robo-advisors. Robo-advisors have been around since 2005 and have now started to gain traction in Canada over the...