How are we Compensated?
Safe Pacific 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.
Contact Us
At Safe Pacific Financial, we specialize in helping Canadian business owners, incorporated professionals, and investors structure life insurance for maximum wealth protection, tax savings, and business growth.
If you would like to discuss whole life insurance or investments, we’re happy to chat and see if we can be a good fit to work with you. Fill out our contact form and we will get back to you within 24 hours on business days.
Related Insights
Wealth and Legacy: A Deep Dive with Vince Cardella
In this episode of The Wealth Multiplier Podcast, host Laurent Munier of Safe Pacific Financial sits down with Vince Cardella, Principal of Strategic Wealth Planning...
RRSPs for Canadian Business Owners, should you invest?
You have two main options: keep the funds inside the corporation or withdraw and invest personally. Today we’re going to go through these 2 scenarios...
Leveraging Your Whole Life Insurance Policy as Collateral for Loans in Canada
When it comes to building financial security and achieving your goals, creativity and strategy are essential. Today, we’re exploring a powerful tool that can open...
The 6 Essential Principles of the Infinite Banking Concept Explained
Here’s what you aren’t understanding about Infinite Banking. Building anything of lasting value begins with a solid foundation—the basics. While Infinite Banking may seem like...
The Capital Dividend Account: A Comprehensive Guide for Business Owners
Why does it exist, and how does it work? Let’s break down the essentials of this game-changing tax provision called the CDA We at Safe...
Merry Christmas – Safe Pacific 2024 Highlights
We’ve been advising Canadians about life insurance and their personal finances for over a decade, almost 15 years now. But today’s video is a little...
Christmas Party 2024 Photo Gallery
Thanks to all who came out to celebrate the season at our annual Christmas Party. We hope you all enjoyed the festivities at The Vancouver...
Interview with the Head of Individual Insurance Business at Equitable Life: Martin Reeves
Equitable Life has long been a trusted name in the Canadian insurance landscape. Recently, we had the privilege of sitting down with Martin Reeves, Head...
The Infinite Banking Strategy for Canadian Business Owners: How It Works and Why It’s Effective
Growth has rocketed especially since the federal government has been increasing taxes on everything – especially you and me, the greedy business owners who make...
Top 5 Ways Infinite Banking Benefits Canadians
Now, this isn’t just some financial theory for us. I've been using this strategy personally and we’ve been setting it up for our clients for...
Are TFSAs good for small business owners?
One of the main tax advantaged accounts you can use in Canada is the TFSA – Tax Free Savings Account. This is one of our...
Family Office vs. Multi-Family Office: Key Differences, Benefits, and Which is Right for You
Now obviously, every family office is going to be different from family to family, however there is an important distinction between a single-family office and...
