CONSUMER ALERT!

 

THE DANGERS OF MORTGAGE LIFE INSURANCE!!!

 

Signing up for the Mortgage Insurance offered by your bank or mortgage broker may be the worst financial decision you ever make!



SAY NO TO YOUR BANKS MORTGAGE INSURANCE!.. Make sure you watch the disturbing investigation on CBC'S MARKETPLACE to find out why!

 

“Casey you are definitely the man!  You saved my wife and I over $120 dollars per month for the same exact coverage, just by getting us preferred insurance rates that our last advisor never even mentioned!  I guess it definitely was worth our time to have you review our existing policies!…thanks again for all of your help.”

 

Dave Degrassi & Jessica Robinson, Mississauga, Ontario


 

“We had Sunlife Insurance advisor that sold us some insurance and then we never heard from him ever again.  After speaking with Casey he clearly showed us why the type of insurance we had was not benefiting us at all, and had really only benefited the agent who sold it to us.  Thankfully we now have the proper type of insurance that will protect our family when we need it most, and we’re very grateful to have Casey as our financial advisor. It’s very clear that Casey’s always looking out for our best interests before his own, and we would highly recommend him to anyone looking for solid unbiased financial advice!”

 

Ben & Sheena Poitven, Oakville, Ontario


 

“Thankfully my wife and I were referred to Casey for a second opinion on our insurance policies.  Not only did he clearly explain all of our available options to us, but he was very patient and didn’t pressure us to buy anything in anyway.  After listening to his recommendations based on our specific situation, Casey was able to give us a much better insurance policy that was not only less expensive but was also for more insurance coverage!  Thanks to Casey’s advice we’re now saving money every month that we will definitely be investing with F1RST CHO1CE as well.  We would highly recommend Casey’s advice for any insurance or other financial planning needs.”

 

Mark & Magdelena Budisa, Streetsville, Ontario


 

“My wife and I have been clients for several years now, and in that time, we’ve conducted numerous transactions with both Casey and Wayne from mortgage refinancing to life insurance to managing our investments. These individuals have demonstrated that they have superior knowledge of their respective products and are able to deliver them with exceptional customer service. I have found that this combination is a rarity these days, and as such, I whole heartedly recommend their service to both friends and family with confidence.”

 

Clifton Sookdeo & Shelly Sharma, Caledon, Ontario


 

“Honesty, integrity, and professionalism are the three words that come to my mind when I hear Casey’s name. He has provided my clients over the years with the highest level of service and they always thank me for introducing them to him. Casey truly goes above and beyond.”

 

Deborah Robinson, Real Estate Agent – Royal Lepage


 

“We’re extremely thankful that we came in contact with Casey otherwise we would have the worst type of insurance coverage available! Our bank really pushed us to sign up for the mortgage insurance they were offering which we thought was a good thing.  If Casey hadn’t helped us to understanding the many disadvantages of the insurance offered through a bank, we still be overpaying for less beneficial coverage that may not have even paid out if we ever needed it!  Thanks again for your advice Casey, and going forward we will definitely be coming to you for our future mortgage, insurance, and other financial advice.”

 

Renato Silva & Jhenny Rodriguez, Mississauga, Ontario




HEALTH INSURANCE:

Customize a package for your families needs

HEALTH INSURANCE IN CANADA: Canada is recognized for its effective health care system. Although provincial governments provide its citizens with basic health insurance needs, there are many important health care factors that are overlooked. When it comes to health insurance, all provincial governments offer limited coverage. The following is a list of what most governments cover in full: One eye examination every 24 months, Basic ward accommodations in hospital and Regular physician visits.

It is important to note that this list is not reflective of all the health insurance plans across Canada. Some provinces do not even provide full health insurance coverage for these basic needs, while others provide full coverage for more.

Many families throughout Canada are left without proper coverage for regular dental care, vision care, prescription drugs, and unforeseen health care emergencies.  This is the main reason why supplemental health insurance is important to have. For a small price a day, you are providing yourself and your family with the proper health coverage needed to account for many unforeseen expenses that are not covered by the government system.

Even though all citizens of Canada are provided with access to medical care by the Canadian government’s federal and/or provincial programs, these programs do not provide coverage for every health condition or situation.

 

GROUP PLANS OR PERSONAL PLANS:  There are two types of health insurance plans available to you: group or small-business plans and personal plans. If you are not part of a group plan with your work, or if the company you work for does not offer sufficient coverage, then you should look into a personal plan for the well-being of your family.

Group and Small Business Plans: Because employees are the most essential part of any business, many business owners offer group health insurance to their employees. Grouping individuals together under a policy generates savings for everyone when compared to individual coverage.

A group benefit plan could include dental care, medical care, and life and disability insurance for employees and/or their families. Offering a group plan to employees has a variety of benefits. Not only does it ensure the health and safety of all employees, but it also:  Provides owners with the opportunity to write off premiums as business expenses, Encourages loyalty and trust amongst employees and Enables better staff retention because of the security they feel.

Personal Plans: Personal health insurance plans are necessary if you are not covered by a business or group plan. You and your family require supplemental health insurance so that you will be able to receive medical treatment not covered by your provincial health insurance plan.

Depending on the type of health insurance you choose, and the deductible you pay, you can receive anywhere between 40% to 80% of coverage on medical expenses. These health care expenses include coverage for vision, dental, extended health, and accidental death or dismemberment.

 

SUPPLEMENTAL FAMILY HEALTH INSURANCE:  As you start a family, it becomes important to ensure that you and your loved ones have coverage for the health issues and prescription needs that can arise, many of which will not be covered by the government health care system. It is essential that you determine what your federal/provincial plan covers, what it does not, and what types of coverage would be worth obtaining through supplemental family health insurance. You should take into consideration not only your family’s present needs, but also its future potential needs, such as coverage for prescription eye glasses/contacts, prescription drugs, hearing aids, hospital stays, and services from specialized medical professionals. Costs of a private room in the event of hospitalization, preventative care, some prescription drugs, dental and vision care, cosmetic surgery, and certain diagnostic

 

SELF EMPLOYED HEALTH INSURANCE PLANS:  Even though all citizens of Canada are provided with access to medical care by the Canadian government’s federal and/or provincial programs, these programs do not provide coverage for every health condition or situation.

Many individuals receive group health insurance coverage through their employer, but for those who are self employed, the onus of health insurance becomes their responsibility. Obtaining supplemental self employed health insurance ensures that you are covered for the medical care and services that are not included in the federal and provincial plans. Self employed persons should determine what is and isn’t covered by government plans, and what coverage is currently needed or might be needed in the future.

 

 At F1RST CHO1CE Insurance Solutions were passionate about sharing our knowledge, experience and unbiased opinions with families and individuals that are looking for a trusted advisor to help them with their Health Insurance options.

ANY QUESTIONS?…Contact a Licensed Insurance Advisor today!