Planning Your Future Since 2001
Trusted Individual Insurance Services in Fraser Valley
Health & Dental
APG Benefits is associated with GSC Health Assist Zone for Health and Dental insurance for any person working on contract, part-time or on a temporary basis, it could be that your current employer does not offer health or dental benefits at this time. The GSC Health Assist Zone offers six bundled plans with varying levels of Health, Dental, Drug and Travel coverage at competitive prices. APG Benefits team works with you to help you get the best plan that fits your needs and your budget. We help you find a plan for your needs so that you are insured and can lead a stress-free life. Our team is available to offer you all the assistance you need to get through the service.
Losing your benefits
APG Benefits team along with GSC Health Assist can offer 4 different LINK options when you are losing benefits from your current employment. We offer plans that require no medical questions and pre-existing conditions can be covered. You must apply within 90 days of losing your current coverage. Whether you are between jobs or transitioning to retirement, LINK provides various levels of Drug, Dental, and Travel coverage at competitive pricing.
Mortgage Insurance
Mortgage Insurance is life insurance. The coverage sold by banks, mortgage lenders and some life insurance companies is actually decreasing term insurance tied to the term of your mortgage. This means the amount of coverage decreases in line with the mortgage debt. If a borrower with this type of coverage dies, the coverage in force is just enough to pay off the outstanding amount of the loan with the banking institutions as the beneficiary.
It's important to know that in some cases the underwriting with this type of mortgage insurance takes place at the time of death rather than at the time of application. If this is the case, it means that the mortgage holder's insurance provider could decline to pay the claim at the time of death if a borrower had a pre-existing health condition when the mortgage insurance was first acquired.
Instead, we recommend our clients consider an individual or joint 10-year or 20-year term policy to cover their outstanding mortgage debt. In most cases, the cost will be less than what your bank charges and both the amount of coverage and premium will remain unchanged for the term of the insurance. With a Life Insurance policy and if an insured dies five years after purchasing the policy, the beneficiary will receive the full underwritten life benefit which will be more than the outstanding mortgage balance.
In most cases, people can acquire their own life policy for a similar amount of coverage for much less money than what it costs through a bank. One of the reasons for this is that banks don't discriminate between smokers and non-smokers, so non-smokers are subsidizing the bank's clients who smoke.
Why You Should Own a Life Insurance Policy?
The benefits of owning your life insurance policies are many:
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The insured(s) own the policy, not the bank, so the insured(s) control who gets the insurance money by naming their own beneficiary
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Individual underwriting can provide healthy applicants with even lower, preferred premium costs
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Premiums can remain level (the same) for the term of the policy 10 or 20-year terms
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If the insured(s) are diagnosed with any kind of medical condition during the term of their policy, the coverage can be guaranteed renewable and convertible for the lifetime of the policy
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If a mortgage rate is attractively low, the beneficiary can decide to invest the insurance money rather than pay off the mortgage
How Does a Life or Mortgage Insurance Policy Help?
A life insurance policy can be used to provide:
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Funds to cover your final expenses
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Funds to repay loans and mortgages
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Sufficient investment capital to replace your earned income for the benefit of your financial dependents
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Capital for bequests to relatives, charitable organizations, etc.
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Elimination of estate taxes for monies and property you leave to your children
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Provision of a tax haven which can allow either tax-deferred or tax-free treatment of your investment dollars
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You may use Life Insurance for business purposes too, such as providing funds to buy out the interest of a deceased partner or shareholder. Many Partnership Agreements require that such policies be in place.
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Key Man Insurance involves coverage on an employee or owner of a business which will provide sufficient funds related to the replacement of a key individual in the event of an untimely death.
Travel Insurance
APG Benefits is associated with Manulife Financial and uGO Travel to provide you with multiple travel insurance options. These options include:
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Out-of-province/out-of-country travel insurance for Canadians
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Visitors to Canada travel insurance
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Student travel insurance
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Travelling Canadians can choose from the following options:
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Single-trip plan: Provides coverage for one trip for the number of days purchased. No age limit but then you will have to answer medical questions if you are over the age of 60.
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Multi-trip plan: Provides coverage for an unlimited number of trips during the policy year for the number of days purchased. Options of 4, 10, 18 and 30-day plans. No age limit.
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All-inclusive plan: Provides several benefits all in one plan. It covers emergency medical, trip cancellation and interruption, baggage loss, delay and damage, flight accidents and travel accidents.
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Travel Canada plan: Provides emergency medical insurance if all travel is within Canada at 50% off the regular single-trip emergency medical plan rates.
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Trip cancellation/interruption plan: May be purchased as part of an all-inclusive plan or separately. If purchased separately, must be purchased within 8 days of booking your travel plans.
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Visitors to Canada: Can opt for emergency medical insurance. This is ideal for anyone who is in Canada on a work visa and new immigrants who are awaiting government health insurance plan coverage.
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Student Travel Insurance: We also offer student travel insurance up to $2 million for emergency medical and non-medical coverage for covered risks. This insurance is available to Canadian students studying abroad or out of province and international students studying within Canada.
See What Our Clients Are Saying
Suits My Staff
"I have been a client for over 11 years and A.P.G Benefits has always gone above & beyond the duties of an Insurance company. Mr. Kevin Nosworthy found me the right Group Insurance plan through the Chamber of Commerce that best suits my staff. Thank you."
- Richard P.
Maple Ridge, BC
