INSURANCE COMPANY RELATIONSHIPS
We can offer a full range of insurance products and services offered by the following companies:
- Allianz: www.allianz.assistance.ca
- Assumption Life: www.assumption.ca
- Benecaid: www.benecaid.com
- Blue Cross: www.bluecross.ca
- BMO: www.bmo.ca
- Canada Life: www.canadalife.com
- Canada Protection Plan: www.cpp.ca
- Desjardins Financial Security: www.desjardinslifeinsurance.com
- Edge Benefits: www.edgebenefits.com
- Empire Life: www.empire.ca
- Equitable Life of Canada: www.equitable.ca
- Foresters: www.foresters.com
- Humania Assurance Inc.: www.humania.ca
- Industrial Alliance: www.inalco.com
- IA Excellence: www.iaexcellence.com
- ivari: www.ivari.ca
- La Capitale: www.lacapitale.com
- Manulife: www.manulife.ca
- Meridian Credit Union: www.meridiancu.ca
- RBC Insurance: www.rbcinsurance.ca
- Specialty Life Insurance https://slinsurance.ca/
- SSQ: www.ssq.ca
- Sun Life Financial: www.sunlife.ca
- Tour-Med: www.tourmed.ca
- TuGo: www.tugo.com
- UL Mutual: www.ulmutual.ca
LICENSE, JURISDICTION AND DISTRIBUTOR RELATIONSHIP
We are independent advisors licensed as life and health insurance advisors in the province of Ontario.
We are also licensed/registered in the following fields: Mutual Funds, Labour Sponsored Investment Funds, Term Deposits/GICs.
For insurance products, we process our insurance related business through Financial Horizons Group (a Managing General Agent, or “MGA”), which will pay us, or direct the insurance company to pay us, a bonus on commissions earned from the sale or insurance products that we sell. This bonus constitutes a portion of the overall compensation we are paid in conjunction with commissions referenced below. In addition, we have full discretion to deal with one or the other insurer with whom we trade, and we are not subject to any pressure from Financial Horizons Group to favour one or the other insurer. Further information on Financial Horizons Group can be obtained at: www.financialhorizons.com
OTHER DISTRIBUTOR RELATIONSHIPS
We are also a registered advisor with the following other distributors:
In order to maintain our life/accident and sickness license, we are required to meet mandatory continuing education. Where applicable, we meet these educational requirements through attendance at various seminars and industry meetings.
COMPENSATION – MONETARY AND NON-MONETARY
Upon completion of an insurance transaction, we will be paid a sales commission by the company that provides the product you purchase which is generally based on a percentage of the premiums. We may receive a renewal (or service) commission if you keep that policy in force. We may be eligible for additional compensation, such as bonuses or non-monetary benefits, such as travel incentives, conferences, seminars, depending on various factors such as the volume of our sales or persistency of business that we place with a particular company during a given time of period. Should your contract be cancelled within a certain period of time we may be subject to a chargeback for a portion or all of the commissions earned.
NATURE OF OUR RELATIONSHIP WITH THE COMPANIES WE REPRESENT
No insurance company holds an ownership interest in our business, nor do we hold or control ownership in any insurance company
We can offer you a full range of insurance products including: life, critical illness, disability, long term care, segregated funds, annuities, health and dental, GIAs, and group benefits.
CONFLICTS OF INTEREST
We are required to declare any interest that may prevent us from offering impartial advice. As a result of our current product offering and licensing, we are noting the following potential conflicts of interest:
- Mutual Funds
- Labour Sponsored Investment Funds
- Term Deposits/GICs
We will notify you immediately if we become aware of any conflicts of interest or potential conflicts of interest in regards to the services that we offer.
Should you require more information about our qualifications or the nature of our business relationships, we would be pleased to assist you.
COLLECTION OF INFORMATION
We will, from time to time, collect financial and other information on you. This information includes transaction-related details arising from your relationship with or through us. We may obtain this information from a variety of sources, including your own records with us, from transactions you have made with or through us, from credit reporting agencies and other financial institutions, and from references you have provided to us.
USE OF INFORMATION AND ACCESS TO INFORMATION
You authorize us and our distributor, Financial Horizons Group, to collect and maintain this information when you apply for an insurance product or service, and during the course of our relationship in order to administer the insurance product or service for which you have applied and to fulfill our legal and regulatory obligations.
For these purposes, we will have to share your information with third party service, such as paramedical service providers, and insurers to whom you are applying for an insurance product or service.
You have the right to obtain access to the information we hold about you on file at any time to review its content and accuracy and to have it amended as appropriate. To request access to your information, to ask questions about our privacy policies, or to request that the information not be shared or used for the purposes outlined above, you can now or anytime in the future contact us.
If you are no longer our client or this agreement terminates, we may keep your information in our records so long as it is needed for the purposes described above or as long as it may be required by the law.
You are not required to transact additional or other business with us as a condition of this transaction. Other than outlined above, your personal information will not be shared with individuals or other organizations.
CANADIAN ANTI-SPAM LEGISLATION: EXPRESS CONSENT
Canada’s anti-spam law (CASL) came into effect on July 1st, 2014 and may affect our ability to send you a commercial electronic message (CEM) on topics of interest to you, as well as invitations to our events.
For information about CASL, please visit: http://www.crtc.gc.ca/eng/casl-lcap.htm