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5 Diseases That Make It Hard To Get Life Insurance

In many cases, insurance applications are approved with sub-standard rates or even declined if the applicant has a major illness or medical condition. Other than the main factors such as age, weight and gender, insurance companies will weigh an insured's health history in the underwriting process. Check out our infographic on 5 diseases that make it difficult to get approved at standard life insurance rates. 5 diseases hard to insure
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Life Insurance and Depression – Updated

Depression is a mental illness now being publicly addressed. Back in the day, people never talked about this mental illness. It was thought of as a shameful thing to discuss, and those who were going through depression were embarrassed to address it. By not addressing their depression, many fell victims to suicide, which could have been prevented by seeking help. The public is becoming more aware of depression — especially since famous people have unfortunately succumbed to this ...
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Top 5 Most Asked Questions for Smokers

Are you a tobacco, cigar, or e-cigarette user who's curious to read what insurance companies have to say about insuring you? Well, look no further! We have some useful information on this topic. Or perhaps you don't smoke but know someone who does and is wondering why their premium is much higher than yours. Here at LSM Insurance, we have constructed an infographic answering basic questions in regards to obtaining life insurance for smokers. LM00LM
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Life Insurance for Canadians Living Abroad

According to CBC News, an estimated 2.8 million Canadians live and work abroad, which means that people are leaving the country at a rate three times higher than those born in Canada. These Canadian citizens need life insurance to protect their family's future and make sure they are financially secure, but — like most underwriting criteria — their ability to obtain life insurance varies from one company to another. For example, the application must be completed in Canada, and in ...
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UPDATE: Life Insurance for New Canadians

Generally, there are four categories to consider when talking about life insurance for new Canadians: those with a work visa, those with a student visa, those who have claimed refugee status, and those with an open visa. In 2012, those with work visas of any kindtemporary residents was 9,701. (more…)
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High Risk Life Insurance

LSM Insurancespecializes in helping people who are deemed by insurance companies to be high-risk to get life insurance at affordable rates. Keep in mind that many variables can contribute to what an insurance company views as high-risk. 1. Occupation- Certain pilots, high-risk entertainers, and extreme sports athletes can be rated (have an extra premium attached to their policy) according to the risk associated to their occupation. 2. Recreational Activities- ...
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Life Insurance and Obesity

Much like the rest of the world, Obesity rates in Canada are steadily increasing. In 2004, the Canadian Community Health Survey reported that 23.1% of those 18 and older (an estimated 5.5 million adults) had a Body Mass Index of 30 or more, making them obese. Another 8.6 million, or 36.1% were overweight. With so many more Canadians facing the reality of Obesity and the complications that go with it, such as high blood pressure, diabetes and coronary heart disease, this new reality can ...
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High Cholesterol and Life Insurance

High cholesterol may put you in front of him, but don't let it hurt your eligibility Almost 48% of men and 43% of women in Canada have high cholesterol. With high cholesterol more and more common in Canada, insurance companies have started heavily considering it when evaluating life insurance applications for eligibility. When combined with other health issues, high cholesterol is more likely to shut you out from life insurance, but you'll probably still be able to qualify if high ...
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Life Insurance and Underwriting – The LSM Difference

LSM Insurance and its broker network have over 50 years of combined life insurance experience. Back in 80's and even the 90's almost all life insurance advisors were captive agents captive agent. Over the last 20 plus years we have seen many changes in the industry. A major change that is not often discussed is the way life insurance companies now underwrite insurance applications i.e. the steps they take to determine what rate a client will pay. In years gone by life insurance companies ...
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