Our Approach Can Save You Money

There are essentially three channels to purchase life insurance products in Canada. 

The first and the oldest in the system is to contact an agent who represents a specific company. London Life is a good example, the agent is referred to as captive in that he or she sells the majority of their products for one company.

The second approach which represents  44 per cent of insurance sales to individuals and continues to grow in Canada (-source Advocis- Forum magazine, March 2014) is to use an independent advisor or agent whom channels their business through a MGA (Managing General Agent). The significant benefit to this approach is an MGA will research the market using a software program to come up with the best insurance solution for the lowest price. This is the approach we use at Montcalm & Associates Financial Group Inc. and our MGA is PPI, one of the largest MGA’s in Canada headquartered in Vancouver, BC with offices right across the country. 

The third approach, which is becoming popular with seniors and individuals with serious health problems and is well advertised by a number of companies on TV, is the guaranteed issue product. No medical, guaranteed to be approved but at significantly higher premiums. If you have a significant health problem, we will work with you and the insurance company to come up with the lowest cost solution. 

At Montcalm & Associates Financial Group Inc. we understand the importance of family and community. We can help you evaluate your current insurance policies and determine if they are the best fit for your personal situation. We also specialize in the larger more complex corporate policies and tax shelters and have worked with a number of accountants and lawyers to find the proper products and solutions. 

Give us a call and let us show you how you, your family or your business can benefit from our 20 years plus experience and our relationship with PPI.