Benefits for Realtors
If there was a problem with your insurance, would you like to know it now or when you need it and it is too late?
I can help you review your insurance, explain the coverage, and organize it in an easily accessible format YISF-Your Insurance Summary Form
Ontario REALTOR Wellness Program
The Ontario REALTOR® Wellness Program (ORWP) is a mandatory health and wellness benefits program for all Ontario REALTORS®, established by the Ontario Real Estate Association (OREA). It provides a range of benefits including healthcare, prescription drugs, paramedical services, and mental health support, as well as life, critical illness, and travel insurance. Coverage Details
Dental Medical Vision Benefits using HSA-Health Spending Account
HSA is the ideal solution if you are an incorporated realtor. It is a CRA-approved way, to pay for your medical, dental, and vision expenses through your incorporation. HSA converts your dental medical vision expenses into business deductions. You are covered for all traditional health care costs, like prescription drugs, dental, and vision care. The HSA also extends to cover the rest of your costs: family orthodontic, cosmetic and restorative dental, laser eye surgery, cosmetic surgery, crowns and bridge, and even braces for children.
What if, due to an accident or illness, you need more coverage? You can purchase additional HSA Insurance to pay for those extra expenses.
There is no cost to sign up for HSA, it offers flexible coverage, and if you are already spending the money on dental or medical expenses, why not make it tax-deductible? Click here to sign up for HSA.
Disability Income Replacement for Realtors
If you cannot work because of an injury, you still will need to replace your income to pay for your and your family’s daily needs e.g. food, mortgage, children’s activities, utilities and property taxes, etc. Your disability income replacement insurance will pay you each month while you are disabled. The payments are very low. To insure $2,000/month benefit, you will pay $19/month and require $70,000 gross annual income or $4,000 monthly benefits for $39 payment and $130,000 income. Also available is optional illness coverage.
Ask about included $10,000 AMTB Accidental Medical Treatment Benefit that will reimburse you for additional medical expenses due to injury not covered by OHIP (rehabilitation, physiotherapy, wheelchair, crutches, etc).
BOE-Business Overhead Expenses for Realtors
This is the best $5/month you can spend to protect up to $1,000 of your monthly business expense and your payment is deductible. If you cannot work because of an injury, you still will need to pay for your fixed business expenses e.g. Real Estate fees (TREB, OREA, RECO), licenses, memberships, phone and internet, office, and desk fees, E&O insurance, etc. Your BOE insurance will reimburse these expenses while you are disabled. Also available is optional illness coverage. Click here for online quotes and application.
The Realtor’s Role in Guiding Clients to Life Insurance Over Mortgage Insurance
Realtors are uniquely positioned to offer holistic advice to their clients, extending beyond property transactions to include crucial financial planning aspects. One often-overlooked area where realtors can significantly benefit their clients, and in turn, their own business, is by advising on life insurance as a superior alternative to mortgage insurance. Continue Reading
Benefits For Your Clients
You can help your clients in making better decisions about their mortgage insurance. They can use life insurance to protect their mortgage. It will offer them better coverage at lower payments and they can schedule personal ZOOMwithMario from the convenience of their home to review their insurance needs and quotes.
Contact us for more information and to schedule ZOOMwithMario insurance and options review.
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