How are we Compensated?
Safe Pacific Financial is an independent financial advisory firm based in Vancouver.
We specialize in Life Insurance and Investment strategies for Canadian Business Owners and High income professionals.
One thing that people often wonder about us, but maybe don’t ask out loud is how we get paid.
Lots of people assume that working with an independent company like ours for your Life Insurance or investments is more expensive than going direct with the insurance or investment companies like Manulife, Canada Life, Sun Life, and other Life Insurance companies.
But this is wrong.
In this blog we’re going to be talking about our approach to Life Insurance, and how we get compensated for our work and expertise.
Our industry has a stigma around being salesy and pressure focused.
We know this and we take the exact opposite approach, in fact one of our main philosophies that’s written on the wall here at Safe Pacific is “No Pressure, No Rush.”
What that means is there’s never any pressure or rush on our end. We are much more educational in our approach.
We explain and give options so that our clients really understand what’s going on and the options available before signing anything.
From there clients can make an informed decision
We’re only able to take this approach because we are independent.
There are no quotas for sales, or sales managers pushing to hit certain targets
We want to get to know you, and your goals better, so that we can recommend the best strategy for your specific needs.
How are we compensated?
Now into how we’re compensated.
We are actually compensated by the insurance company or investment firm when we place business
We’re paid a commission if you move forward with any insurance or investments with a company, by that company.
You don’t actually pay us for any of the planning or service we provide up front.
At the end of the day, the price you pay for a policy or investment made through us, is the same as what you’d pay for the exact same thing through the insurance company directly or any other advisor in Canada.
This is because when you buy through the company directly, the company still pays a commission to the advisor who sold you the product at their company.
The benefits of buying through an Independent Broker
Some of the benefits of buying through an independent advising company, in comparison to going to an insurance company directly, is we’re able to shop around.
We don’t just sell Sun Life, or just Manulife, we have connections at all the major providers in Canada, and because of this, can find the insurance or investment product that best suits your needs.
Next Steps:
Are you a Canadian business owner, incorporated professional or investor looking to set up your whole life insurance policy for maximum wealth protection, tax savings, business growth and legacy for your family?
We might be a good fit to work with you. Schedule a Discovery meeting using the button below to take next steps and work together.
Related Insights
What Canadian Business Owners Are Telling Us Right Now — And What To Do About It
Every week, our advisors sit down with incorporated business owners and professionals across Canada. And while every client's situation is unique, the conversations we're having...
Retire Tax-Free in Canada Using the Insured Retirement Plan
What if your RRSP isn't enough to retire comfortably? And what if there was a way to access tax-free cash flow in retirement—without market volatility,...
How Canadian Real Estate Investors Are Using Whole Life Insurance
What if you could unlock hundreds of thousands in capital—without selling a single property or applying for another mortgage? In this article, we'll explore How...
Use Corporate-Owned Life Insurance to Transfer Wealth Tax-Free
What if your estate faced a $500,000 tax bill after you pass away—on capital gains alone? What if there was a way to fund that...
CDA: How to Pay Yourself Tax-Free from Your Corporation
Imagine extracting hundreds of thousands in corporate profits—tax-free—without triggering personal tax liability. That's exactly what the Capital Dividend Account (CDA) allows incorporated professionals to do...
How to use Life Insurance as Capital Gains Relief
What if your biggest tax bill hits after you're gone? In this article, we'll explore how to use Life Insurance as Capital Gains Relief and...
OpCo to Legacy: The Estate Tax Trap
If your business owner client passed away tomorrow, what would happen—from a tax perspective—and what have you done as their advisor to plan for it?...
How Critical Illness Insurance works in Canada
What would happen if you were diagnosed with cancer tomorrow? How would you cover your mortgage, your bills, or your business expenses while you focused...
How Disability Insurance Works in Canada
What would happen if you suddenly couldn't work—due to an accident or serious illness? Understanding How Disability Insurance Works in Canada can help you prepare...
Critical Steps to Safeguard Your Legacy With Estate Planning
What happens to everything you've worked so hard to build—your business, your investments, your family home—after you're gone? It's important to understand the critical steps...
How to Be Like Jim Pattison
What if you could borrow the exact wealth-building strategy used by one of Canada's richest entrepreneurs—without being a billionaire? If you've ever wondered how to...
How to Invest in your Holding Company In Canada
Are you a Canadian business owner with retained earnings building up inside your corporation? If those funds aren't being put to work through a holding...
