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Critical Illness Insurance vs. Disability Insurance: Why You Need Both

Critical Illness Insurance vs. Disability Insurance: Why You Need Both? In a previous post, we explained why critical illness insurance is now equal in importance to life insurance when it comes to inoculating yourself against the financial hardships that come with any critical illness diagnosis. A diagnosis of cancer, heart attack, stroke, or any other of the 20 to 25 illnesses a critical illness insurance plan typically covers, means a lump sum payment between $10,000 and $2 ...
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Why Critical Illness Insurance is Just as Critical as Life Insurance

The Canadian Cancer Society will tell you that one in four Canadians is expected to die from cancer and that cancer is the leading cause of premature death in this country. If that weren't enough, 40% of women and 45% of men will be diagnosed with cancer in their lifetime. (more…)
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Insurance coverage critical for homeowners’ peace of mind

A mortgage on a home is one of the largest debts incurred by most Canadians, and needs to be taken very seriously. Mortgage holders may want to take measures to protect their family home in the event that payments cannot be met due to death, illness, or disability. (more…)
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The Insurance Journal: Low interest rates drive up prices

LSM Insurance was featured in February issue of The Insurance Journal. Enjoy the article! (more…)
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Profit Magazine: The Wealthy Entrepreneur

10 essential strategies for every business owner who wants to be rich and stay rich Profit Magazine in their March edition published a handy checklist of wealth-management moves for entrepreneurs, explaining why, when and how to make each one. LSM insurance was included! By Julie Cazzin, February 16, 2011 in (more…)
Continue reading Yes, you can insure a drug user

Soft drugs, such as marijuana and hashish do not mix well with each other, nor with traditional life insurance. Hard drugs, such as cocaine and heroin, make for an even tougher combination. The considerations go beyond definitions of legality and extend to the insurers’ risk management processes, explains LSM Insurance, one of the most renowned brokerages in Canada, with over 50 years of combined insurance experience. The chances of obtaining traditional life insurance vary ...
Continue reading Buying child life insurance

Eileen McGeough bought life insurance for her two children after her neighbour's teenage son was killed in a car accident almost 20 years ago. The sudden death and watching the family struggle in the aftermath left McGeough feeling vulnerable. At the time, the young mother knew she wouldn't have the money on hand to bury one of her own children. For $15 a month per child, life insurance gave her some peace of mind. "You don't think about these things until something happens," says ...
Continue reading Student accident insurance

May Alexander knows all about kids and accidents. As mom to two active boys, ages five and seven, she's seen her fair share of bumps and bruises. Those she can handle, but it's the big things - major accidents or injuries - that scare her: first and foremost the horror of her children getting hurt, but also how she'd cover the cost of everything from rehabilitation to prosthetics. As a result, this Toronto mother invests in accident insurance ... just in case. "Anything that says ...
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Globe and Mail: Relaxed summer policies

Welcome to the summer, workers of the world - July is officially in the house. Sundresses and cargo shorts have elbowed out business suits and ties. Desk lunches have been ditched for sunny patios. And half the office leaves at the stroke of noon every Friday. You could call it the Great Summer Slide, thanks to both official summer policies - almost half of Canadian companies offer their employees flexible summer hours, according to a May AON Consulting survey of 477 companies - and ...
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LSM Insurance Ready to Serve Canada’s Chinese Speakers

Meet William Shung, the newest member of the LSM Insurance team. The number of people who claim a Chinese dialect as their mother tongue has been on the rise since 2001. As of the 2006 census, 1,034,000 people claim it as their first language, which is up 18% since 2001. Chinese is also the number one language spoken among visible minorities in Toronto, as 420,000 people report it as their first language. Recognizing this upswing, LSM Insurance has diversified our talent pool with the ...
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