Find Answers to Your Questions Related Your Needs
Our General Frequently Asked Question Based From Clients
Welcome to our FAQ section! Here, you’ll find answers to common questions about our services, expertise, and how we can help you achieve your financial goals. If you have any additional questions, please don’t hesitate to reach out to us.
We specialize in solutions for corporate clients and high-net-worth individuals, focusing on Split Dollar Critical Illness Insurance, Corporate Owned Life Insurance, and the Infinite Banking concept.
It utilizes whole life insurance policies as financial tools, allowing policyholders to borrow against the cash value under specific terms.
Our representatives are LLQP licensed, adhering to the professional and ethical standards mandated by the Insurance Council of BC.
We comply with the Personal Information Protection Act (PIPA) and follow strict data security protocols in line with the Insurance Council of BC’s guidelines.
Premiums are based on risk level, coverage amount, claims history, and other factors, assessed on a case-by-case basis.
Yes, it offers financial support in the case of specified illnesses and plays a key role in executive compensation packages.
Client consent is paramount. We ensure informed consent for all information disclosure, transfer, or receipt, abiding by regulatory and legal requirements.
We have robust measures and an incident response plan to protect client information, adhering to regulatory guidelines and best practices in cybersecurity.
Our team engages in continuous professional development, aligning with the Insurance Council of BC’s latest standards and conduct rules.
Segregated funds are investment funds by life insurance companies, offering benefits like potential creditor protection, important for corporate financial planning.
COLI serves as a tax-efficient investment vehicle, aiding in business continuity and executive benefit planning.
Yes, it's possible to have multiple policies, but the total claimed amount cannot exceed the actual loss.
Communication with the insurer is key to explore options like payment plans or coverage adjustments.
Industry type, company size, employee number, and risk exposures significantly impact insurance costs.
This strategy assists corporate employees by providing financial support if diagnosed with a covered critical illness, often used in executive compensation packages.