Lorne Marr's guest appearances

Lorne Marr

The MapleMoney Show

Real Money Talk - A fresh take on personal finance

Barry Choi

Rob Carrick

Jessica Moorhouse

Steve Chou

Andy Hill

Paula Pant

Cody Berman

Robert Farrington

Joe Saul-Sehy

Bob Lotich

Jeff Rose

Todd Tresidder

Nick Loper

Nick True

Melissa Leong

OwlTail

Lorne Marr (founder of https://www.lsminsurance.ca) is a life insurance expert with nearly 30 years of experience and earning a number of sales and service awards along the way, including one from the prestigious MoneySense Magazine. He founded LSM Insurance in 1998 and quickly grew it into one of Canada’s leading life insurance brokerages. He is also a Certified Financial Planner. Ratehub's director of insurance, Matt Hands, and I spoke with him about his entrepreneurial journey, life insurance myths and misconceptions, practicing gratitude, and MUD coffee.  For more information about life insurance visit https://www.ratehub.ca/insurance/life   [0:00 - 1:17] Intro [1:17 - 1:18] Money Mistake or Makeup - Lawncare, Tesla, and delegation [5:54 - 10:06] Why did you get into the life insurance industry? [10:07 - 14:15] What was it like launching LSM insurance? [14:16 - 16:20] Would you recommend becoming a life insurance broker as a career? [16:21 - 17:50] Did you have a lot of doubters when you were starting out saying you shouldn't be doing this? [17:51 - 19:36] What is Mud Coffee? [19:37 - 22:44] Lorne's morning routine [22:45 - 24:45] Life Insurance Myths and Misconceptions [24:50 - 25:50] Is term life more popular than whole life insurance?  [25:51 - 27:29] How much life insurance do you need? [27:30 - 29:20] When do you need life insurance? [29:21 - 30:41] Is life insurance income or asset protection? [30:42 - 32:16] Are Canadians underinsured with disability and critical illness insurance? [32:17 - 33:30] Should you use life insurance as an investment vehicle? [33:31 - 34:40] Should you max out TFSA and RRSP before using life insurance as a tax shelter? [34:41 - 37:00] CASE STUDY: a young couple, two kids, mortgage, average income - what kind of life insurance policy do they need? [37:01 - 38:20] Using life insurance stacking to ensure the best protection [38:21 - 41:10] Do life insurance brokers make money with permanent life insurance policies? [41:11 - 43:52] Do life insurance brokers still have a place in the tech-fuelled insurance era? [43:53 - 46:31] Why did you decide to sell LSM to HUB financial? [46:32 - 1:00:00] RAPID FIRE QUESTIONS  [1:00:01 - 1:00:56] OUTRO

Lorne Marr (founder of <a href="https://www.lsminsurance.ca" rel="nofollow" target="_blank">https://www.lsminsurance.ca</a>) is a life insurance expert with nearly 30 years of experience and earning a number of sales and service awards along the way, including one from the prestigious MoneySense Magazine. He founded LSM Insurance in 1998 and quickly grew it into one of Canada’s leading life insurance brokerages. He is also a Certified Financial Planner. Ratehub's director of insurance, Matt Hands, and I spoke with him about his entrepreneurial journey, life insurance myths and misconceptions, practicing gratitude, and MUD coffee.  For more information about life insurance visit <a href="https://www.ratehub.ca/insurance/life" rel="nofollow" target="_blank">https://www.ratehub.ca/insurance/life</a> [0:00 - 1:17] Intro [1:17 - 1:18] Money Mistake or Makeup - Lawncare, Tesla, and delegation [5:54 - 10:06] Why did you get into the life insurance industry? [10:07 - 14:15] What was it like launching LSM insurance? [14:16 - 16:20] Would you recommend becoming a life insurance broker as a career? [16:21 - 17:50] Did you have a lot of doubters when you were starting out saying you shouldn't be doing this? [17:51 - 19:36] What is Mud Coffee? [19:37 - 22:44] Lorne's morning routine [22:45 - 24:45] Life Insurance Myths and Misconceptions [24:50 - 25:50] Is term life more popular than whole life insurance?  [25:51 - 27:29] How much life insurance do you need? [27:30 - 29:20] When do you need life insurance? [29:21 - 30:41] Is life insurance income or asset protection? [30:42 - 32:16] Are Canadians underinsured with disability and critical illness insurance? [32:17 - 33:30] Should you use life insurance as an investment vehicle? [33:31 - 34:40] Should you max out TFSA and RRSP before using life insurance as a tax shelter? [34:41 - 37:00] CASE STUDY: a young couple, two kids, mortgage, average income - what kind of life insurance policy do they need? [37:01 - 38:20] Using life insurance stacking to ensure the best protection [38:21 - 41:10] Do life insurance brokers make money with permanent life insurance policies? [41:11 - 43:52] Do life insurance brokers still have a place in the tech-fuelled insurance era? [43:53 - 46:31] Why did you decide to sell LSM to HUB financial? [46:32 - 1:00:00] RAPID FIRE QUESTIONS  [1:00:01 - 1:00:56] OUTRO

On life and its insurance w Lorne Marr

Having the right insurance coverage is one of the most important aspects of financial planning, but most Canadians are underinsured. This is partly due to the fact that insurance can be complicated, so it can be difficult just knowing where to start. This week, I invited Lorne Marr of Hub Financial onto the show, to give us a better understanding of how life insurance works, and share some of the many factors that can affect insurance rates. With over 25 years of experience in the life insurance industry, Lorne knows a thing or two about the subject. You can find the show notes for this episode at https://maplemoney.com/117 Do you prefer to invest in companies that are socially responsible? If so, our sponsor Wealthsimple will help you build a portfolio that focuses on low carbon, clean tech, human rights, and the environment. Get started with Socially Responsible Investing by visiting https://maplemoney.com/wealthsimple

Having the right insurance coverage is one of the most important aspects of financial planning, but most Canadians are underinsured. This is partly due to the fact that insurance can be complicated, so it can be difficult just knowing where to start. This week, I invited Lorne Marr of Hub Financial onto the show, to give us a better understanding of how life insurance works, and share some of the many factors that can affect insurance rates. With over 25 years of experience in the life insurance industry, Lorne knows a thing or two about the subject. You can find the show notes for this episode at <a href="https://maplemoney.com/117" rel="noopener nofollow" target="_blank">https://maplemoney.com/117</a> Do you prefer to invest in companies that are socially responsible? If so, our sponsor Wealthsimple will help you build a portfolio that focuses on low carbon, clean tech, human rights, and the environment. Get started with Socially Responsible Investing by visiting <a href="https://maplemoney.com/wealthsimple" rel="noopener nofollow" target="_blank">https://maplemoney.com/wealthsimple</a>

Understanding What Affects Your Insurance Rates, with Lorne Marr