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F O O T E RThe Manufacturer Life Insurance Company - Affinity Markets – National Sales
Felix Winstok, EPCInsurance & Financial
Advisor(905) 883-7770
www.insurancebyfelix.co
m
F O O T E RThe Manufacturer Life Insurance Company - Affinity Markets – National Sales
Why?The need for health and dental coverage.
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
Agenda
• The need for health & dental coverage• Tax deductibility• Underwriting & Claims • Who we are• Product recommendation
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
F O O T E RThe Manufacturer Life Insurance Company - Affinity Markets – National Sales
The need for health insurance.
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
The need for health insurance
“The Government covers me”• GHIP coverage is changing, it does not cover many of
the things we were accustomed to in the past.• Health insurance benefits provided by your
Government will only cover the basic medical needs - like a trip to the doctor or hospital.
• You pay for prescription drugs, dental care and eyeglasses, semi-private hospital and much more that the Government only partially covers.
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
The need for health insurance
Decline of Government involvement• GHIP cut backs.• Hospital closings - more need for homecare.
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
The need for health insurance
“I’m healthy, I don’t need insurance”• None of us likes to think about the possibility of
becoming ill, but if an accident or illness were to happen it could cost you and your family your entire savings.
(Peace of Mind).
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
The need for health insurance
“I only claim a few things per year”• Remember, the purpose of health insurance is to
ensure your family’s financial security.• Comfort of knowing you don’t have to worry about
the uncertainties that come from relying entirely on our Government health care systems
(Peace of Mind).
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
The need for health insurance
“I have other financial priorities”• Every year you could pay thousands in unexpected
medical and dental expenses if you don’t have a health plan.
(Potential to use up your savings on private care).
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
The need for health insurance
Statistics relating to the frequency of serious illness amongst Canadians:
Source: Statistics Canada
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
Tax deductibility
• Deduction of premiums as a business expense• Non taxable benefit for employees• Still able to claim under medical expense for excess
Consult an Income Tax Specialist for details
May vary per province
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
F O O T E RThe Manufacturer Life Insurance Company - Affinity Markets – National Sales
Legally speaking,We can’t give you a Manulife plan for free.........Can we?
For: Self-employed individuals.
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
Tax deductibility
Typical individual health insurance premium -$1050.00
Tax saving at a 40% level -(420.00)
Prescription drug expenses per year - 180.00
Dental expenses per year - 200.00
Contact lenses expense per year - 100.00
Chiropractor/Registered Massage Therapist
expenses per year - 150.00
The cost to you $ 0.00
Non taxable benefit to employeeTax deductible for employer
For self-employed
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
Underwriting Philosophy
Our intent is to offer coverage for an ailment or condition which arises in the future.
- Offer exclusion, rating or lessor plan (Counter offers) vs. accept or reject
- Some conditions unable to offer coverage
- Enrolled 1st of the month, no waiting period
Guaranteed issue plans available to people with pre-existing
conditions. Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
Claims
• I.D card provided for up-front payment on most claims
• Currently 90% of all claims are processed electronically
Claims Customer Service
- 1-800-COVER-Me (1-800-268-3763)
- SecureServeTM(Internet support)
- Drug Check®
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
Who is Manulife
• Canada was not yet 20 years old when The Manufacturers Life Insurance Company (Manulife
Financial) was incorporated by an Act of Parliament on June 23, 1887. Sir John A. Macdonald,
Canada's first Prime Minister, was elected President of the company.
• Over its long history, Manulife Financial has pioneered numerous innovative ideas in insurance.
The company was among the first to offer life insurance to women on the same basis as men, the
first North American insurance company to offer insurance to controlled diabetics, and one of the
first Canadian life insurance companies to offer lower premium rates for non-smokers. Manulife
Financial even became the first insurance company in Canada to embrace computer technology
for use in its business operations back in 1956.
• Manulife Financial's vision is to be the most professional life insurance company in the world,
providing the very best financial protection and investment management services tailored to
customers in every market where we do business.
• Our Affinity Markets division draws on decades of experience in providing individuals and small
businesses with health and dental insurance protection. Our unique health and dental insurance
products are specifically designed to fill the gaps left in provincial health plans. We are committed
to offering products that continue to meet the emerging healthcare needs of Canadians, and to
providing excellent customer service.
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
Who is Manulife
Thanks to our vision and our long history of innovation, Manulife Financial today is a leading
Canadian-based financial services group operating in 15 countries and territories worldwide. Through
our extensive network of employees, agents and distribution partners, we offer clients a diverse
range of financial protection products and wealth management services. Don't just take our word for
it. Here's how others rate Manulife Financial's strength and claims paying ability:
Standard
& Poor's
Moody's A.M. Best Fitch
Ratings
DBRS
AA+ Aa2 A++ AA+ IC-1
The Manufacturer Life Insurance Company - Affinity Markets – National Sales
Who is Manulife
Canada’s Only Health Insurance Company Offering Air Miles®
Manulife is proud to offer it’s individual customers the opportunity to earn Air Miles Reward Miles.There are many ways to earn Air Miles - including requesting a quote on Flexcare®.
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
F O O T E RThe Manufacturer Life Insurance Company - Affinity Markets – National Sales
Product RecommendationMost of our clients are looking for
Prescription Drug, Dental, Vision & Paramedical coverage.Do you agree?
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m
F O O T E RThe Manufacturer Life Insurance Company - Affinity Markets – National Sales
We help you prepare for life’s unexpected turns
Felix Winstok, EPCInsurance & Financial
Advisor(905) 760-2711
www.insurancebyfelix.co
m