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At United Life Financial, we are committed to transparency and integrity in all our dealings. As your insurance advisor, it is our duty to disclose any potential conflicts of interest to our clients. It is equally important for you to know the company offering or supplying the product or service, as well as the advisor recommending it. This information will help you make an informed decision and provide insight into our relationships with the companies we do business with and how we are compensated.
United Life Financial operates as a broker and is licensed to sell insurance products in Ontario under the name United Life Financial. In Alberta, New Brunswick, Nova Scotia, and British Columbia, our services are offered under the name Ram Bavanari. We offer a wide range of products, including:
If you choose to purchase a product through us, United Life Financial Inc. and/or Ram Bavanari will be compensated by the company offering the product you choose. We receive a sales commission for most products once the policy has been delivered and accepted by you. We may also receive a renewal (or service) commission for policies that remain in force.
For certain products, the compensation may differ from the standard commission scale, and we may be paid via a referral fee. We will inform you if this occurs.
Depending on various factors, if our sales reach a certain level, United Life Financial Inc. and/or Ram Bavanari may be eligible for additional compensation, such as bonuses and other benefits like travel conferences. Recognition/incentive-based compensation is an industry-wide practice and a standard form of payment.
As an insurance advisor, we adhere to the codes of conduct and laws governing life insurance agents. This ensures that any insurance product(s) we recommend will be the product(s) we consider best suited to your needs, regardless of the compensation earned.
By continuing to use our services, you acknowledge that you have read and understood this disclosure statement.
