What you pay
Nothing to me. There is no fee for a quote, a needs review, an application, or help with a claim.
How the commission works
When a policy is issued, the insurer pays a commission to the agent who arranged it. For life and critical illness insurance, most of it is paid in the first year, with a smaller amount in later years while the policy stays in force. For Super Visa and visitor insurance, the commission is a percentage of the premium.
If a policy is cancelled early, the insurer can take back some or all of the commission. That gives me a direct interest in recommending coverage you will keep.
Does commission affect what I recommend?
Commission rates differ between products and insurers, and you are entitled to know that. These are the safeguards:
- I start from a needs review and record the reasons for what I recommend
- I show you more than one option, with the price of each
- I tell you when a cheaper product does the job, including when that is term insurance
- You can ask me at any time whether one option pays me more than another, and I will tell you
Who I work with
I am contracted with a number of Canadian insurers through a managing general agency. I am not contracted with every insurer in Canada, so my comparison covers the companies I can place business with. Your quote names each one.
Other things you should know
- I am licensed by FSRA as a life and accident and sickness insurance agent in Ontario
- I carry errors and omissions insurance, as Ontario requires
- If you are unhappy with my service, the steps are on the complaints page
Written and reviewed by Sandeep Singh Pawar, licensed life insurance agent in Ontario. Last reviewed .