Life Insurance – What The Experts Own

  • 26
  •  
  •  
  •  
  •  
  •  
life insurance the experts own
Life Insurance – What The Experts Own

Here at the LSM Insurance, we’ve been devoted to providing our clients with the best possible services in the industry since 1993. That means our daily priority is thinking about what kind of life insurance product will best meet the needs of each one of them.

However, we don’t want to settle with merely selling product – we’re always innovating and seeing beyond. This has led us to wonder, what kind of products are actually used by the leaders in the worlds of business, personal finance and insurance.

So, “What kind of life insurance do the experts own?” We have asked them these five questions to find out:

  1. What Type of Life Insurance do you own?
  2. What factors did you consider when determining the coverage amount?
  3. Do you believe in Life Insurance for Children?
  4. What is The Biggest Life Insurance mistake people make?
  5. Outside of Life Insurance what other types of individual insurance are often over looked?

Read what the experts say!

 
Read more on this topic:
 

32
Leave a Reply

avatar
  Subscribe  
Notify of
Terrence
Terrence

Personally I think Children’s Life Insurance is a waste. Why insure someone who is not making an income. That would not impact the family at least in a financial sense. These policies are a huge money maker for the insurance comapnies.

William Shung
William Shung

Regarding Disability Insurance. Not many advisors like to sell disability insurance.

I think the reason – it’s too time consuming and complex. There are many product nuances that must be properly explained.

David A. Vudragovich
David A. Vudragovich

On insuring children, there are a few ways to look at it. Insuring their future. Locked in rates. A paid up policy a buddy of mine took out on his daughter, at 16 days, is $45 a month, paid up at 10 and by the time she is 18 will have grown from $50k to $60k+ face AND have cash value (both of which can continue to grow). That is cash she can use as a down payment on a house or what ever she wants. She still has permanent life insurance that endows when she turns 100. She will… Read more »

David A. Vudragovich
David A. Vudragovich

And because I believe in being fair, the other theory I hear on why you insure kids is to profit if they die.
But $25000 children’s policy is not much after funeral expenses, outstanding medical bills and missing work.

Kalth
Kalth

Interested insights by but Suze Orman does not share Paul, Jason ad Leony’s thoughts on Children’s Life Insurance link to biz.yahoo.com

Theon
Theon

Does Canada Life still offer Term 100 insurance. How much for a 48 year old

Alan Whitton (BCM)
Alan Whitton (BCM)

Thanks for including me in this list, interesting points made by other folks.

Tim Landry
Tim Landry

It’s funny when I read the comments about disability insurance being complicated. Sorry – it’s just DIFFERENT. I remember attending a Canada Life investment presentation and two of the Canada Life reps were also VERY involved in the DI side. I went up to them after the meeting and said “People say DI is complicated! They should rethink their position after hearing all the complications in your investment products!” They laughed – and agreed. It’s funny – I am willing to bet everyone reading this finds driving a car (or other motor vehicle) very simple. For someone like me –… Read more »

Frank K
Frank K

I think Whole Life Insurance is giving a bad rap by many of the so-called experts. Compare the returns with other interest based investments and it stacks up pretty favourably. Curious to hear other thoughts

Rajendra shah
Rajendra shah

I think child ins. Considering basic riders is advisable
1- earning member will hv to propose with rider of parents coverage so that no liabilities remains for premium payment & start receiving regular income for regular exp.+ receiving lumsum big amount after maturity to fulfill parents dream
2- lowest premium considering age factor
3- parents should be covered first sufficiently
Many more plus points are there

Ronald K
Ronald K

I think a lot of the experts are underestimated the impact on ones income after the loss of a child. If you or anyone you know has lost a child its not like your back at it within a week. It can take months or years until you are the same person.

Jerome ( Jerry ) Walsh Jr. CFP, RHU
Jerome ( Jerry ) Walsh Jr. CFP, RHU

Life Insurance on a child is a touching subject . After having two boys die at an early age I was glad their was Life Insurance in place to cover the funeral cost and the bills that had piled up with the cost of the medical expenses largely due to transportation cost from NFLD to Toronto sick childreds hospital , not to mention the lost of income from time of work . Also one has to look at the benifit of the GIO option that allows the child to buy more Insurance later in life regardless of their health .… Read more »