Term Life Insurance Tips

  1. Term Insurance - Specific pitfalls to look out for
    Shopping for Life Insurance is like shopping for any other item. It has to serve the intended purpose, to fit comfortably, and to be within your budget.

  2. A Closer Look: Term 20 Life Insurance
    Just because Term 20 Life Insurance policies are generally straightforward, doesn't mean there aren't some nuisances.

  3. Be Careful When Replacing Your Life Insurance
    The life insurance business has some minuses. Here are six questions you should ask yourself before replacing an existing life insurance policy with a new one.


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  1. LSM Insurance 03/14/2012 at 1:21 pm

    Thanks for the note. Most renewable term policies do not have a return of premium option so if you do not die the premiums would go up at the end of 20 years if you want to maintain the coverage.

    Critical Illness policies can come with a return of premium. There is an extra cost associated with this rider.

  2. Julie 05/14/2013 at 10:58 am

    Hi chantal
    Ian 57 years old on high blood pressure
    I have 400,000 of term and 30,000 of Ul life
    Insurance the term policy will be expired in 2018
    So I considering buying some more life or term now maybe 70,000 life and 150,000-200,000 term
    Is this a good idea What do you recommend
    Want to leave money for my Children young adults
    and I have grandchildren also
    Ps reply soon

  3. LSM Insurance 05/14/2013 at 3:01 pm

    Hi Julie,

    Thanks for the note if you just have high blood pressure and its under control you should still be able to get life insurance at standard rates.

    A Permanent policy will ensure you have money for your Grandchildren but it’s hard to say which scenario is best without speaking with you and looking at your overall goals and needs. If you do decide to switch you should make sure your new plan is in force before applying for something new.

    Please contact us at [email protected] or 1-866-899-4849 if we can assist further.

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