The document discusses a mortgage broker referral program from Access Health Benefits Ltd. It provides an overview of the company and the genesis of their program, comparing life insurance and mortgage insurance. Key differences highlighted include ownership, flexibility, beneficiaries, and customization. Industry trends noted include customers opting for longer term life insurance policies for pricing security. The presentation aims to demonstrate benefits of partnering brokers to offer life insurance over mortgage insurance.
The study of life Insurance products being offered by the global market in in...Ankit Pal
the uploaded summer internship project report which titled for The study of life Insurance products being offered by the global market in insurance of IDBI Federal life Insurance Corporation.
The report is made by the M.B.A. 3rd sem student Mr. Ankit Mohan Lal who has his own business titled for the Real Estate.
Ankit Mohan Lal is a mature person and very responsible student and he is always done improvement work at each attempt.
Through this report he gets 141 marks out of 150 marks and the examiner so surprised with this project report and pray to god for his best blessing for future.
Many people and advisors understand the need for long-term care protection, but they need help understanding the different insurance solutions available today. LTCI Partners put together a Special Report with case studies looking at different LTC planning solutions -- Stand-alone LTC, Linked-Benefits LTC and Life Insurance with Chronic Illness riders.
The study of life Insurance products being offered by the global market in in...Ankit Pal
the uploaded summer internship project report which titled for The study of life Insurance products being offered by the global market in insurance of IDBI Federal life Insurance Corporation.
The report is made by the M.B.A. 3rd sem student Mr. Ankit Mohan Lal who has his own business titled for the Real Estate.
Ankit Mohan Lal is a mature person and very responsible student and he is always done improvement work at each attempt.
Through this report he gets 141 marks out of 150 marks and the examiner so surprised with this project report and pray to god for his best blessing for future.
Many people and advisors understand the need for long-term care protection, but they need help understanding the different insurance solutions available today. LTCI Partners put together a Special Report with case studies looking at different LTC planning solutions -- Stand-alone LTC, Linked-Benefits LTC and Life Insurance with Chronic Illness riders.
Points to consider when looking into debt consolidationcarolhill6969
Vertuity Mortgage is Winnipeg's leader in debt consolidation, refinancing & mortgage services. Visit www.vertuity.ca today for more information on our services.
In India only 2.53% has taken Insurance. In other countries it was about 30%plus. People are not thinking about to cover their life against Risk. My motto is to take awareness to take insurance and secure our life.
Points to consider when looking into debt consolidationcarolhill6969
Vertuity Mortgage is Winnipeg's leader in debt consolidation, refinancing & mortgage services. Visit www.vertuity.ca today for more information on our services.
In India only 2.53% has taken Insurance. In other countries it was about 30%plus. People are not thinking about to cover their life against Risk. My motto is to take awareness to take insurance and secure our life.
Spencer Lodge Fund Advisers Dubai Life Insurance. Spencer Lodge MD of Fund Advisers Dubai Universal life insurance offers you the freedom to increase or decrease your policy’s death benefit to fit your individual needs. Policies have minimum and maximum premium amounts that you must meet to maintain your coverage, but the timing of payments can be flexible. Access to cash values Universal life insurance policies have a cash value that has the potential to increase over time. If financial needs arise, you can tap into your policy by taking tax-advantaged policy loans and making partial withdrawals without income taxes.
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Here are 8 common mistakes people make when buying long term care insurance. Many policies are riddled with exclusions, limitations and restrictions (not to mention the lawyerese that is difficult, if not impossible, to understand) - all of which can prevent the insured from collecting benefits they thought were purchased. Don\'t fall victim to a policy\'s "small print"!
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If you are thinking of buying insurance from your bank to cover your mortgage, you need to understand the difference between self-owned mortgage insurance and bank-owned insurance.
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The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Biological screening of herbal drugs: Introduction and Need for
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Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
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Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
1. 1
MORTGAGE BROKER
REFERRAL PROGRAM
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
2. Agenda
2
1. Who is Access Health Benefits
2. The Genesis of our Program
3. Life Insurance vs. Mortgage Insurance
4. Trends
5. Rate Comparisons
6. Program Details
7. Compensation Package
8. Frequently Asked Questions
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
3. 3
Who Is Access Health Benefits Ltd?
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
4. Who is Access Health Benefits Ltd?
4
Established in 1985
Access is a western Canadian based company
that has licensed advisors in Manitoba,
Saskatchewan, Alberta and BC
Our company focuses on three main areas: Life
Insurance, Living Benefits, and Employee
Health Programs.
We believe in providing control to our partners
and clients.
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
5. 5
The Genesis Of Our Program
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
6. Genesis of The Program
6
Filling A Need for Consumers
Industry research helped us identify a more practical
solution for consumers.
Approached by several mortgage brokers asking if there
was a realistic alternative available. We actively pursued
various people in the financial industry that led us to
understand the reasons behind consumers being pushed
in the direction of mortgage insurance.
Understood a multi-level partnership was needed that
provided a win-win situation that inevitably benefited the
consumer.
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
7. 7
Life Insurance Vs. Mortgage Insurance
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
8. Life vs. Mortgage Insurance
8
Ownership: Who Owns the Policy?
Life Insurance – Your client or an interested individual are the policy
owners.
Mortgage Insurance – The lending institution holds the contract with
the insurance carrier.
Flexibility: What Happens If My Client’s Needs Change?
Life Insurance – Coverage amount is chosen based on need or
desired amount.
Mortgage Insurance – Policy value is set for your client and
unalterable once in place. Moving, refinancing, or renegotiating a
mortgage means the client will have to requalify for coverage.
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
9. Life vs. Mortgage Insurance
9
Beneficiary – Who Decides?
Life Insurance – The policy owner, usually your client,
determines who will receive the death benefit of the
policy.
Mortgage Insurance – The mortgage provider is the sole
beneficiary.
Proceeds from Claims – What can they be used for?
Life insurance – Client’s beneficiary may use the tax-free
death benefit for any purpose, including debt-repayment,
daily living expenses, etc.
Mortgage Insurance – Proceeds only used to cover
remaining principle of the mortgage.
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
10. Life vs. Mortgage Insurance
10
Mortgage Is Paid In Full – Does Your Client Still Have
Insurance?
Life Insurance – As long as your client has maintained their policy
and renewed as needed, the insurance will remain in force.
Mortgage Insurance – When the mortgage is paid, the policy is no
longer in force.
Death Benefit – Does the benefit remain the same over the life
of the policy?
Life Insurance – The face amount of the policy remains the same
at issue as it does at time of claim. Only changes if the policy
owner WANTS it to change.
Mortgage Insurance – The policy only covers the outstanding
balance on the mortgage. The benefit decreases as the balance is
paid down, though the costs for coverage stay the same.
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
11. Declining Value of Mortgage Insurance
11
A 34 Year Old Non- Smoking Male Buys a House and Receives a $400,000
Mortgage at 4% Annual Interest.
Mortgage Insurance - $400,000 Life Insurance - $400,000
Covered through MPP Policy
20 Year Mortgage Insurance 20 Year Term Insurance
$36.10/month $38.97/month
$880.97/bi-weekly mortgage $880.97/bi-weekly mortgage
payment payment
Total payments made after 20 Total Payments Made after 20
Years Years
$8,664.00 $9,352.80
Value of mortgage insurance Value of life insurance policy in
policy after 20 years 20 years at renewal
$188,667.56 $400,000
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
12. Life vs. Mortgage Insurance
12
Coverage – Is it Guaranteed?
Life Insurance – The length of the term as well as all rates (initial
and renewal) are guaranteed for the duration of the policy.
Mortgage Insurance – The holder of the policy can change it as
well as the rates at any time.
Customization – Can the policy be built to suit your client’s
needs?
Life Insurance – Every policy allows for additional benefits and
riders to be added for complete family and lifestyle protection.
Mortgage Insurance – The benefit is only for the balance of the
mortgage, therefore no additional coverage's can be added.
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
13. Life vs. Mortgage Insurance
13
Premiums – Are There Different Rates
Depending on Health?
Life Insurance – There are a variety of preferred
rates available. Even smokers with a healthy
enough lifestyle can obtain better than standard
rates.
Mortgage Insurance – There is no preferred
underwriting system in place, and as such, no
reduction in premiums is available.
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
14. 14
Industry Trends
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
15. Industry Trends
15
Trends in Life Insurance
Longer terms
Customers are paying a little more now for the pricing
security later on. 20 year term is the most common now.
Younger demographic
More buyers in their mid to late 20’s than ever before.
Insuring for higher amounts
Clients are thinking not just about debt reduction, but about
income replacement.
Smokers
Take a shorter 10 year term policy, in hopes of keeping
rates low and quitting by the time renewal comes up.
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
17. Comparison - MPP
17
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
25 Year Old Male 25 Year Old Male
10 Year MPP Coverage 10 Year Term
Non-smoker rate is $26.70/month Non-smoker rate is $24.57/month
Smoker rate is $45.38/month Smoker rate is $38.97/month
20 Year MPP Coverage 20 Year Term
Non-smoker rate is $26.70/month Non-smoker rate is $32.49/month
Smoker rate is $45.38/month Smoker rate is $53.37/month
30 Year MPP Coverage 30 Year Term
Non-smoker rate is $26.70/month Non-smoker rate is $41.85/month
Smoker rate is $45.38/month Smoker rate is $72.81/month
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
18. Comparison – Bank Owned
18
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
25 Year Old Male 25 Year Old Male
10 Year Mortgage 10 Year Term
Non-smoker rate is $36.00/month Non-smoker rate is $24.57/month
Smoker rate is $36.00/month Smoker rate is $38.97/month
20 Year Mortgage 20 Year Term
Non-smoker rate is $36.00/month Non-smoker rate is $32.49/month
Smoker rate is $36.00/month Smoker rate is $53.37/month
30 Year Mortgage 30 Year Term
Non-smoker rate is $36.00/month Non-smoker rate is $41.85/month
Smoker rate is $36.00/month Smoker rate is $72.81/month
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
19. Comparison - MPP
19
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
35 Year Old Male 35 Year Old Male
10 Year MPP Coverage 10 Year Term
Non-smoker rate is $36.10/month Non-smoker rate is $27.45/month
Smoker rate is $61.36/month Smoker rate is $46.17/month
20 Year MPP Coverage 20 Year Term
Non-smoker rate is $36.10/month Non-smoker rate is $40.05/month
Smoker rate is $61.36/month Smoker rate is $83.97/month
30 Year MPP Coverage 30 Year Term
Non-smoker rate is $36.10/month Non-smoker rate is $63.45/month
Smoker rate is $61.36/month Smoker rate is $140.49/month
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
20. Comparison – Bank Owned
20
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
35 Year Old Male 35 Year Old Male
10 Year Mortgage 10 Year Term
Non-smoker rate is $52.00/month Non-smoker rate is $27.45/month
Smoker rate is $52.00/month Smoker rate is $46.17/month
20 Year Mortgage 20 Year Term
Non-smoker rate is $52.00/month Non-smoker rate is $40.05/month
Smoker rate is $52.00/month Smoker rate is $83.97/month
30 Year Mortgage 30 Year Term
Non-smoker rate is $52.00/month Non-smoker rate is $63.45/month
Smoker rate is $52.00/month Smoker rate is $140.49/month
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
21. Comparison - MPP
21
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
45 Year Old Male 45 Year Old Male
10 Year MPP Coverage 10 Year Term
Non-smoker rate is $78.21/month Non-smoker rate is $43.53/month
Smoker rate is $132.95/month Smoker rate is $106.29/month
20 Year MPP Coverage 20 Year Term
Non-smoker rate is $78.21/month Non-smoker rate is $85.41/month
Smoker rate is $132.95/month Smoker rate is $220.05/month
30 Year MPP Coverage 30 Year Term
Non-smoker rate is $78.21/month Non-smoker rate is $144.45/month
Smoker rate is $132.95/month Smoker rate is $337.41/month
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
22. Comparison – Bank Owned
22
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
45 Year Old Male 45 Year Old Male
10 Year Mortgage 10 Year Term
Non-smoker rate is $116.00/month Non-smoker rate is $43.53/month
Smoker rate is $116.00/month Smoker rate is $106.29/month
20 Year Mortgage 20 Year Term
Non-smoker rate is $116.00/month Non-smoker rate is $85.41/month
Smoker rate is $116.00/month Smoker rate is $220.05/month
30 Year Mortgage 30 Year Term
Non-smoker rate is $116.00/month Non-smoker rate is $144.45/month
Smoker rate is $116.00/month Smoker rate is $337.41/month
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
24. 24
Details of Our Program
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
25. Details of the Program
25
Partnering with YOU
We provide a custom web based landing page.
The landing page is a fully functioning quote system.
Various coverage levels from $200,000 to
$1,000,000 over 10, 20, and 30 year terms are built
in.
A quote based on standard rates is generated on a
separate page with printing options.
An indemnity of acceptance or rejection is printed.
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
26. Details of the Program
26
Live Demonstration
Here is a live link for a partner already on our
program:
http://roost.accessbenefits.ca
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
27. Details of the Program
27
Referring Your Client
Once the client has signed the waiver indicating
their willingness to pursue life insurance, the broker
will send the completed form to:
1. Fax: Attention Paul Sheane (403)263-8020
2. Via email to: psheane@accessbenefits.ca
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
29. Referral Compensation
29
When referring your clients to our office, we
will offer the following:
For any client that purchases a 10 year term
policy from us, the compensation is equal to the
first 10 months of premium.
For any client purchasing a 20 year term policy,
the compensation equates to 8 months of
premiums paid.
If a client purchases a 30 year term policy, the
compensation to the brokerage will be equal to
six months of premium
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
30. Referral Compensation
30
Let’s
use an example based on a 25 year old
male, non-smoker looking for a $400,000 policy:
Premiums for 10 year term are $24.57/month.
Brokerage referral compensation equals $245.70
The premium for 20 year term is $32.49/month.
Brokerage referral compensation equals $259.92
Premiums for 30 year term are $41.85/month.
Brokerage referral compensation equals $251.10
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
31. Comparison – MPP
31
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
25 Year Old Male 25 Year Old Male
10 Year MPP Coverage 10 Year Term
Non-smoker rate is $26.70/month Non-smoker rate is $24.57/month
Smoker rate is $45.38/month Smoker rate is $38.97/month
20 Year MPP Coverage Brokerage Compensation $245.70 or $389.70
Non-smoker rate is $26.70/month 20 Year Term
Smoker rate is $45.38/month Non-smoker rate is $32.49/month
30 Year MPP Coverage Smoker rate is $53.37/month
Non-smoker rate is $26.70/month Brokerage Compensation $259.92 or $426.96
Smoker rate is $45.38/month
30 Year Term
Non-smoker rate is $41.85/month
Smoker rate is $72.81/month
Brokerage Compensation $251.10 or $436.86
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
32. Comparison – Bank Owned
32
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
25 Year Old Male 25 Year Old Male
10 Year Mortgage 10 Year Term
Non-smoker rate is $36.00/month Non-smoker rate is $24.57/month
Smoker rate is $36.00/month Smoker rate is $38.97/month
20 Year Mortgage Brokerage Compensation $245.70 or $389.70
Non-smoker rate is $36.00/month 20 Year Term
Smoker rate is $36.00/month Non-smoker rate is $32.49/month
30 Year Mortgage Smoker rate is $53.37/month
Non-smoker rate is $36.00/month Brokerage Compensation $259.92 or $426.96
Smoker rate is $36.00/month
30 Year Term
Non-smoker rate is $41.85/month
Smoker rate is $72.81/month
Brokerage Compensation $251.10 or $436.86
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
33. Comparison – MPP
33
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
35 Year Old Male 35 Year Old Male
10 Year MPP Coverage 10 Year Term
Non-smoker rate is $36.10/month Non-smoker rate is $27.45/month
Smoker rate is $61.36/month Smoker rate is $46.17/month
Brokerage Compensation $274.50 or $461.70
20 Year MPP Coverage
Non-smoker rate is $36.10/month 20 Year Term
Smoker rate is $61.36/month Non-smoker rate is $40.05/month
Smoker rate is $83.97/month
30 Year MPP Coverage
Brokerage Compensation $320.32 or $671.76
Non-smoker rate is $36.10/month
Smoker rate is $61.36/month 30 Year Term
Non-smoker rate is $63.45/month
Smoker rate is $140.49/month
Brokerage Compensation $380.70 or $842.94
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
34. Comparison – Bank Owned
34
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
35 Year Old Male 35 Year Old Male
10 Year Mortgage 10 Year Term
Non-smoker rate is $52.00/month Non-smoker rate is $27.45/month
Smoker rate is $52.00/month Smoker rate is $46.17/month
Brokerage Compensation $274.50 or $461.70
20 Year Mortgage
Non-smoker rate is $52.00/month 20 Year Term
Smoker rate is $52.00/month Non-smoker rate is $40.05/month
Smoker rate is $83.97/month
30 Year Mortgage
Brokerage Compensation $320.32 or $671.76
Non-smoker rate is $52.00/month
Smoker rate is $52.00/month 30 Year Term
Non-smoker rate is $63.45/month
Smoker rate is $140.49/month
Brokerage Compensation $380.70 or $842.94
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
35. Comparison – MPP
35
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
45 Year Old Male 45 Year Old Male
10 Year MPP Coverage 10 Year Term
Non-smoker rate is $78.21/month Non-smoker rate is $43.53/month
Smoker rate is $132.95/month Smoker rate is $106.29/month
20 Year MPP Coverage Brokerage Compensation $435.30 or $1062.90
Non-smoker rate is $78.21/month 20 Year Term
Smoker rate is $132.95/month
Non-smoker rate is $85.41/month
30 Year MPP Coverage Smoker rate is $220.05/month
Non-smoker rate is $78.21/month
Brokerage Compensation $683.28 or $1760.40
Smoker rate is $132.95/month
30 Year Term
Non-smoker rate is $144.45/month
Smoker rate is $337.41/month
Brokerage Compensation is $866.70 or $2024.26
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
36. Comparison – Bank Owned
36
Mortgage Insurance - $400,000.00 Life Insurance - $400,000.00
45 Year Old Male 45 Year Old Male
10 Year Mortgage 10 Year Term
Non-smoker rate is $116.00/month Non-smoker rate is $43.53/month
Smoker rate is $116.00/month Smoker rate is $106.29/month
20 Year Mortgage Brokerage Compensation $435.30 or $1062.90
Non-smoker rate is $116.00/month 20 Year Term
Smoker rate is $116.00/month
Non-smoker rate is $85.41/month
30 Year Mortgage Smoker rate is $220.05/month
Non-smoker rate is $116.00/month
Brokerage Compensation $683.28 or $1760.40
Smoker rate is $116.00/month
30 Year Term
Non-smoker rate is $144.45/month
Smoker rate is $337.41/month
Brokerage Compensation is $866.70 or $2024.26
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
37. Comparison – Future Needs
37
Mortgage Insurance - $400,000.00 Life Insurance - $600,000.00
25 Year Old Male 25 Year Old Male
10 Year MPP Coverage 10 Year Term
Non-smoker rate is $26.70/month Non-smoker rate is $31.23/month
Smoker rate is $45.38/month Smoker rate is $52.83/month
20 Year MPP Coverage Brokerage Compensation $312.30 or $528.30
Non-smoker rate is $26.70/month 20 Year Term
Smoker rate is $45.38/month Non-smoker rate is $44.73/month
30 Year MPP Coverage Smoker rate is $76.05/month
Non-smoker rate is $26.70/month Brokerage Compensation $357.84 or $608.40
Smoker rate is $45.38/month
30 Year Term
Non-smoker rate is $55.53/month
Smoker rate is $103.05/month
Brokerage Compensation $333.18 or $618.30
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
38. Comparison – Future Needs
38
Mortgage Insurance - $400,000.00 Life Insurance - $600,000.00
35 Year Old Male 35 Year Old Male
10 Year MPP Coverage 10 Year Term
Non-smoker rate is $36.10/month Non-smoker rate is $35.55/month
Smoker rate is $61.36/month Smoker rate is $63.63/month
Brokerage Compensation $355.50 or $636.30
20 Year MPP Coverage
Non-smoker rate is $36.10/month 20 Year Term
Smoker rate is $61.36/month Non-smoker rate is $55.53/month
Smoker rate is $119.79/month
30 Year MPP Coverage
Brokerage Compensation $444.242 or $958.32
Non-smoker rate is $36.10/month
Smoker rate is $61.36/month 30 Year Term
Non-smoker rate is $86.85/month
Smoker rate is $194.85/month
Brokerage Compensation $521.10 or $1169.10
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
39. Comparison – Future Needs
39
Mortgage Insurance - $400,000.00 Life Insurance - $600,000.00
45 Year Old Male 45 Year Old Male
10 Year MPP Coverage 10 Year Term
Non-smoker rate is $78.21/month Non-smoker rate is $60.93/month
Smoker rate is $132.95/month Smoker rate is $155.97/month
20 Year MPP Coverage Brokerage Compensation $609.30 or $1559.70
Non-smoker rate is $78.21/month 20 Year Term
Smoker rate is $132.95/month
Non-smoker rate is $117.09/month
30 Year MPP Coverage Smoker rate is $300.69/month
Non-smoker rate is $78.21/month
Brokerage Compensation $936.72 or $2405.52
Smoker rate is $132.95/month
30 Year Term
Non-smoker rate is $208.35/month
Smoker rate is $491.85/month
Brokerage Compensation is $1250.10 or $2951.10
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
41. FAQ’s
41
What Happens if a Client Cancels or Reduces Their Policy?
If a client cancels their policy within the first two years, the insurer
issues a prorated commission chargeback to us. We would then
require a portion of the referral compensation back. Amount required
depends on length of time policy was held. Rarely does this
happen!
The key to preventing this is determining proper product at first.
When does the Referral Compensation Get Paid?
The referral compensation gets paid within 30 days of the case
settling.
Who Receives the Referral Compensation?
Under RECA rules, the referral compensation is paid out to the
brokerage only. When we pay the brokerage, our statement will
indicate the referring broker, where applicable.
Access Health Benefits Ltd.
June 28, 2012
www.accessbenefits.ca service@accessbenefits.ca
42. What Next?
42
If you want a better alternative for your clients,
and you want to get compensated for your
referrals:
PARTNER WITH US!
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
43. What Makes Us Different
43
Experienced specialists
Discounted Home and Auto Rates
High tech
High Touch Service
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
44. What Makes Us Different
44
Experienced Specialists
Ranked in the top 1% worldwide of insurance
providers by the world’s leading insurance
association (MDRT) for the past 15 consecutive
years.
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
45. What Makes Us Different
45
Discounted Home and Auto Rates
All clients of Access are able to obtain Home &
Auto Insurance from Royal Sun Alliance at an
18% discounted rate. The average savings per
client electing this coverage is $618 per year.
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
46. What Makes Us Different
46
High Tech
Industryleading Customer Relationship
Management (CRM) system enables us to
provide up to date information and track our
clients.
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
47. What Makes Us Different
47
High Touch Service
We answer the phone – no automated system
We take care of all additions, deletions and any
policy changes for your clients.
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
48. 48
If It Matters To You,
Protect It With Us.
Please complete the form in your folder to let
us know if you would like to put our
team to work for you and your clients.
Thank you for joining us
today!
Access Health Benefits Ltd.
6/28/2012
www.accessbenefits.ca service@accessbenefits.ca
