Life Insurance Archives | LSM Insurance

Everything You Need to Know about Life Insurance and Taxes

Life Insurance and Tax: Introduction Life insurance is one of the most widely used life and living benefits insurance products, but many questions remain about its tax implications. Understanding how taxes apply to life insurance is crucial, especially given the involvement of the Canada Revenue Agency (CRA). Life Insurance and Taxes: Key Financial Transactions Life...

Life Insurance and Sky Diving/Parachute Sports

Why Extreme Sports Matter for Life Insurance Life insurance and extreme sports have an interesting relationship. Though an individual might be entirely healthy and have no pre-existing health conditions, indulging in extreme sports means a high risk of an accident. Due to that, insurance companies look closely at each situation. Examples of extreme sports include...

How did the Pandemic Reshape the Life Insurance Industry? An Expert’s Opinion

Life insurance was one of the industries that was making advances slowly before the pandemic, but it was not known for being innovative or fast moving. Brick and mortar offices, paper applications, long processing times and old-fashioned marketing were still part of the industry. When the pandemic sent people to work from home and raised...