Have you recently or will you soon:
Immigrate to Canada?
Buy a home?
Take on a business loan?
Got Married?
Taken out or renewed a mortgage?
Purchased or started a business?
Retired?
Had a baby?
Quit smoking?
Make any other major changes in your life?
If your answer is "Yes" on any of these questions, please email: michael@arbetov.com
Insurance Web Portal
Saves you time and money to easy buy insurance online, understand the value of health insurance, find out what is the best insurance coverage to buy. To travel to Canada or from Canada please choose proper web insurance plan for Emergency Medical Insurance
and other insurance products for Canadian residents.
Service AreaWe are licensed in provinces: Alberta, British Columbia, and Ontario. To buy visitors to Canada emergency medical insurance or Health and Dental plans you may reside in any Canadian provice such as Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Northwest Territory, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, or Yukon Territory and buy coverages online.
We have clients in Abbotsford, Aldergrove, BC Northern, Beaumont, Bowser, Burnaby, Calgary, Chilliwack, Cloverdale, Coquitlam, Delta, Deep Cove, Edmonton, Etobicoke, Fleetwood, Fraser Valley, Greater Vancouver, Kelowna, Ladner, Langley, Maple Ridge, Mission, Nanaimo, New Westminster, North Vancouver, North Bay, North York, Ottawa, Pemberton, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, Sarnia, Squamish, Sunshine Coast, Surrey, Thornhill, Toronto, Vancouver, Vancouver Island, Victoria, White Rock, West Vancouver, Wistler
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Glossary of Financial and Insurance Terms in Canada
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General Financial Terms
Annuity is an investment that provides a defined series of payments in the future in exchange for an up-front sum of money.
RRSP is Registered Retirement Saving Plan. This is sofisticated tools to save money for retirement, to decrease taxes, to split income between spouses, to spread taxes from year with a high income to a year with a low income, to taxes for crediting buying first home in Canada.
TFIA is Tax Free Investment Account. New type of Canadian registered accounts which was introduced in 2008 and starts to act in 2009.
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Insurance Terms
Buy Visitors to Canada Insurance On-Line Now
AD&D. Accidental Death and Dismemberment Insurance.
Absolute Beneficiary Irrevocable Beneficiary.
Accidental Death Benefit An extra benefit which generally equals the face of the contract or principal sum, payable in addition to other benefits in the event of death as the result of an accident.
Accumulation Value A term used in Universal Life policies to describe the total of all premiums paid and interest credited to the account before deductions for any expenses, loans or surrenders.
Age Change The date on which a person's age, for insurance purposes, changes. In most Life Insurance contracts this is the date midway between the insured's natural birth dates. Health insurers frequently use the age of the previous birth date for rate determinations. On the date of age change, a person's age may change to that of the last birth date, the nearer birth date, or the next birth date, depending upon the way in which the rating structure has been established by that particular insurer.
Association Group Insurance Group insurance issued to an association rather than to an employer or a union.
Backdating A procedure for making the effective date of a policy earlier than the application date. Backdating is often used to make the age at issue lower than it actually was in order to get a lower premium. Federal Government laws often limit to six months the time to which policies can be backdated.
Beneficiary A person who may become eligible to receive or is receiving benefits under an insurance policy other than a participant. See also Irrevocable Beneficiary, Revocable Beneficiary, Primary Beneficiary, Secondary Beneficiary, Tertiary Beneficiary, and Contingent Beneficiary.
Business Insurance Policies written for business purposes, such as key employee, sole proprietorship, partnership, and corporation.
Buy-Sell Agreement An agreement among part-owners of a business which says that under stated conditions, i.e., disability or death, the person withdrawing from the business or his heirs are legally obligated to sell their interest to the remaining part-owners, and the remaining part-owners are legally obligated to buy at a price fixed in the agreement; it also may be a similar agreement between an owner or part-owner of a business and a nonowner, such as a key employee.
List of Insurance Companies here
CLU Chartered Life Underwriter. A designation upon successful completion of a series of examinations.
Cash Surrender Value The amount of cash due an insured who surrenders Cash Value Life Insurance. Such surrender, with consequent termination of all insurance benefits, is sometimes called "cashing out" or "cashing in" a policy.
Collateral Assignment Assignment of a Life Insurance policy or its value as security for a loan. In the event of default, the creditor would receive proceeds or values only to the extent of his interest.
Consumer Credit A trade association for insurers of Credit Insurance in the areas of Life and Health.
Contestable Clause A provision in an insurance policy setting forth the conditions under which or the period of time during which the insurer may contest or void the policy. After that time has lapsed, normally two years, the policy cannot be contested.
Contingent Beneficiary A person(s) named to receive policy benefits if the primary beneficiary is deceased at the time the benefits become payable.
Contributory A general term used to describe a plan of employee coverage in which the employee pays at least part of the premium.
Conversion Privilege This is the right of an individual to convert a Group Health or Life policy to an individual policy should the individual cease to be a member of the group. Usually this can be done without a physical examination.
Convertible A policy that may be changed to another form by contractual provision and without evidence of insurability. Most Term policies are convertible into permanent insurance.
Cost of Insurance The amount a policy owner pays to an insurer, minus what he or she gets back from the insurer. This expression is used when determining the true cost of permanent forms of Life Insurance to a policy owner. It considers the fact that premiums are paid in but also that an actual cash value is being built up, which is the portion that the insured will get back from the insurance.
Indemnity Providing financial compensation for losses.
Pregnancy Visitors To Canada Insurance - Insurance should cover regular check-up during pregnancy as well as baby delivery coverage for visitors to Canada without provincial medical plan.
Travel Insurance Travel Medical & Evacuation Insurance is covering an emergency medical and evacuation expenses while outside the country of citizenship or landing (residential status) for a trip or trips during period of time.
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Related Terms
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Insurance Providers
We can offer the service from the majority of Canadian life insurance companies. Among them are top-rated companies:
TIC - Travel Insurance CoordinatorsPacific Blue Cross Canada
Travel Underwriters
AIG Life Canada
Blue Cross Canada Insurance
Canada Life
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the oldest Canadian insurance company, Great West Life Canada
Empire Financial Canada
Equitable Life - one of the biggest Canadian mutual insurance companies
Federated Insurance
Green Shield Canada
IAP - Industrial Alliance Pacific of Canada
Manulife Canada - Manufacture Life, one of the biggest in Canada insurance company, is a leading provider of life, health, disability and travel insurance.
RBC Insurance
Standard Life Canada
Transamerica Life
We are also able to submit a contract with almost any of other life insurance, critical illness insurance, disability insurance, travel insurance, visitor insurance, dental and medical insurance, long term care insurance companies if they would service the financial needs of existing and prospective clients better then current ones.
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