Broker Compensation & Relationship Disclosure

Compensation Overview

PolicyScanner Brokerage Incorporated operates as an independent life insurance brokerage, earning compensation through commissions paid by insurance companies when clients purchase policies through our platform.

Key Transparency Points

• No fees to clients: You never pay PolicyScanner directly for our services
• Commission-based model: We are paid by insurance companies when you purchase coverage
• Same pricing guarantee: You pay the same premium whether you buy directly from the insurer or through us
• Independent advice: We work with multiple insurers to find you the best options

Our Value Proposition

While insurance companies compensate us for our services, you receive significant value including:

• Expert guidance: LLQP-certified advisors to help you navigate options
• Comparison shopping: We compare multiple insurers to find your best options
• Application assistance: Streamlined application process and underwriting support
• Ongoing service: Continued support throughout the life of your policy

How We Earn Compensation

Primary Compensation: First-Year Commissions

The majority of our compensation comes from first-year commissions paid by insurance companies when a new policy is issued:

Secondary Compensation: Renewal Commissions

We may also receive ongoing renewal commissions for policies that remain in force:

No Additional Compensation

We do not receive any other forms of compensation including:

• Fees paid directly by clients
• Bonuses based on sales volume
• Profit-sharing from insurance companies
• Non-monetary gifts or incentives
• Revenue sharing from third-party services

No Cost to You

Zero Fees Policy

PolicyScanner never charges fees to clients. Our services are completely free to you, including:

• Quote comparison: Comparing rates from multiple insurers
• Advisory consultation: Professional advice from LLQP-certified advisors
• Application processing: Complete application management and submission
• Underwriting support: Assistance throughout the underwriting process
• Policy delivery: Coordinating policy issuance and delivery
• Ongoing service: Post-sale support and policy administration assistance

Same Pricing Guarantee

You pay exactly the same premium whether you purchase life insurance directly from an insurance company or through PolicyScanner. Insurance companies set their premium rates independently, and you will not pay any additional costs by working with us.

Added Value at No Extra Cost

By working with PolicyScanner, you receive additional value at no extra cost:

• Market comparison: Access to multiple insurers through one platform
• Professional expertise: Guidance from licensed life insurance professionals
• Time savings: Streamlined comparison and application process
• Advocacy: Someone working on your behalf with insurance companies

Insurance Company Relationships

Independent Brokerage Model

PolicyScanner is an independent brokerage that works with multiple life insurance companies. We are not owned by, controlled by, or exclusively contracted with any single insurance company.

Current Insurance Partners

We maintain contractual relationships with leading Canadian life insurance companies including:

• Major Canadian Insurers: Manulife, Sun Life, Great-West Life, Canada Life
• Regional Insurers: RBC Insurance, TD Insurance, BMO Insurance
• Specialty Providers: Various specialty and niche life insurance providers
• Reinsurers: Access to select reinsurance markets for larger cases

Our specific insurance company relationships may change over time as we add new partners or as business relationships evolve.

Contracting Requirements

To work with insurance companies, we must:

• Meet licensing requirements: Maintain FSRA licensing and LLQP certification
• Comply with company standards: Adhere to each insurer's business practices and procedures
• Maintain E&O insurance: Carry appropriate professional liability coverage
• Meet production requirements: Some insurers require minimum production levels

New Partnerships

We continually evaluate new insurance company relationships to provide you with:

• More competitive pricing options
• Expanded product offerings
• Improved underwriting guidelines
• Enhanced service capabilities

Our Independence

Independent Decision Making

PolicyScanner maintains complete independence in making recommendations to clients. Our decisions are based on:

• Your specific needs: Coverage requirements, budget, and financial goals
• Product suitability: Which products best match your situation
• Competitive advantages: Pricing, underwriting, and service quality
• Company stability: Financial strength and claims-paying ability

Professional Standards

Our independence is reinforced by:

• LLQP certification: Professional ethical standards and client-first requirements
• FSRA oversight: Regulatory supervision ensuring proper conduct
• Professional liability insurance: Financial protection encouraging proper advice
• Ongoing education: Continuous learning about products and industry developments

Market Access

As an independent brokerage, we provide you with:

• Broad market access: Options from multiple insurance companies
• Objective comparison: Unbiased evaluation of different options
• Competitive pressure: Insurance companies compete for our business
• Advocacy: We represent your interests to insurance companies

Your Rights

You always have the right to:

• Ask questions: About our recommendations and reasoning
• Request alternatives: Ask for different options or insurance companies
• Seek second opinions: Consult with other advisors or directly with insurers
• Make your own decisions: Accept or decline any recommendations
• File complaints: With us, FSRA, or other regulatory bodies if needed