Life Insurance Franchise Owner Information

NuBanc Financial has partnered with “Liberty Elite Insurance Brokers”, a Life Insurance and Wealth Management Firm, to provide Canadians with a wide range of Life Insurance products at the best rates available. Learn more about our team. NuBanc Financial in Scarborough, ON, can be reached at 647-221-1446.

Licensed Life Insurance Franchise Owners

Licensed Life Insurance Agents can continue to conduct their insurance business the way they are currently doing it. However, if you would like to consider changing from your existing MGA or AGA, NuBanc Financial will be happy to refer you to one of our MGA Partners. Newly Licensed Agents can either align themselves with an MGA of their own choosing or NuBanc Financial can refer you to one of our MGA Partners.

You will be required to make your compensation records available to the Franchisor for the purpose of determining the amount of Royalty Fees payable each month.

Benefits of Being a Licensed Life Insurance Agent

As a Licensed Life Insurance Agent, you can choose to continue conducting your insurance business as you currently do. However, if you're considering changing from your existing MGA or AGA, NuBanc Financial can refer you to one of our MGA Partners. Newly licensed agents also have the option to align themselves with an MGA of their own choosing or one of our partner agencies.

It's important to note that Franchise Partners will be required to make their compensation records available to the Franchisor each month. This is necessary for determining the amount of Royalty Fees payable.

Here are the key points:

Licensed Life Insurance Agents can continue conducting their business as usual.
NuBanc Financial can refer Franchise Partners to MGA partners or they can choose their own.
Newly licensed agents can also choose their own MGA or be referred by NuBanc Financial.
Franchise Partners must provide their compensation records for determining royalty fees.

Non-Licensed Life Insurance Franchise Owners

If you are a Non - Licensed Consultant, NuBanc Financial will introduce you to one of our Master General Agent (MGA) who will train you on how to refer your clients who need Life Insurance and other related products (Health, Disability, or Critical Illness Insurance) to their Insurance Brokerage and negotiate your own referral fees compensation.