A well informed consumer, one that is provided with all the information necessary to make an intelligent insurance related decision becomes the best client.
Our Business Practices
|Background:||Gary White is president of Associated Group Marketing Services Inc. Gary and AGMS are licensed for life and health insurance in the province of Ontario by FSCO (Financial Services Commission of Ontario).|
|Individual:||Gary has been continuously life licensed since 1975. His license is issued by FSCO, renewing every two years. Gary has been an Agent, Broker, product designer, industry consultant, coach and trainer.|
|Corporate:||Associated Group Marketing Services Inc. has been continuously licensed for life and health insurance since 1991. The corporate license is issued by FSCO renewing every two years.|
|Carriers / Products:||AGMS is free to submit and process business with any Life or Health Insurance Company licensed to conduct business in Ontario it chooses, providing the carrier permits business from independent Life Insurance Agents and Agencies in a brokerage capacity. Whether or not the agency is currently contracted with a specific carrier is irrelevant, since the only carriers with which it cannot conduct business are ones which employ captive sales forces and don’t accept applications from independent organizations. If and when required, a list of all eligible carriers will be produced for individual perusal.|
|Carrier Relationships:||AGMS is an independent privately held corporation and no insurer holds any ownership interest in AGMS. AGMS holds various contracts with a number of insurers but does not hold any ownership interest in any insurer.|
|Corporate Policy:||To only recommend and handle guaranteed products. Products are recommended based upon a number of criteria such as, but not limited to, carrier’s underwriting practices, level of service, options, premium and specialty features. To provide independent advice and quality service, objectively, confidentially and with cost efficiency.|
|Compensation:||Gary is a salaried employee of Associated Group Marketing Services Inc. AGMS will be paid by the company that offers the product you choose. AGMS is compensated by a sales commission for most products at the time of sale and may receive a renewal commission if you retain that product with the company. For some insurance products the majority of carriers offer some sort of service fee starting after sixty months. Service fees are not guaranteed and can be reduced or eliminated at the sole discretion of the carrier. In certain cases, usually large specially priced policies or group plans, reduced compensation is negotiated. Group plans are renegotiated, including compensation, on a yearly basis.
AGMS‘s policy is to not participate in or accept any non-monetary benefits, such as travel incentives, that it may become eligible for from insurers.
AGMS also acts as a Managing General Agent to assist independent agents in placing various types of group insurance policies for their clients, for which AGMS receives some compensation.
|Conflict of Interest:||AGMS takes the potential of a conflict of interest seriously and will notify you, as required by law, should it become aware of any conflict of interest regarding it’s services. AGMS has always held and will continue to hold the best interests of consumers first and foremost above it’s own.|
|Summary Comment:||All of our clients receive a copy of our Business Practices and must sign the foregoing acknowledgement.|
I, _____________________ have been informed of, and understand the implications of this disclosure including any conflict of interest or potential conflict of interest associated with Associated Group Marketing Services Inc. in relation to any recommendations made.
I agree to continue discussions with Associated Group Marketing Services Inc. and understand that I may ask for further information regarding this disclosure. A photographic reproduction of this document shall serve to be as valid as the orginal.
Consumer’s Signature: __________________________ Date: _____________________
Signature of Witness: ___________________________
Associated Group Marketing Services Inc., 4060 Ridgeway Drive, Unit 19, Mississauga, ON L5L 5X9
© 2012 Gary White Insurance