Insurance Advisory Disclosure

In accordance with insurance industry regulations in Ontario, this disclosure provides information regarding broker compensation, business relationships, and potential conflicts of interest. Paul Barbour has maintained a professional practice for over 53 years, with a consistently strong record and no client complaints filed with insurance companies or the Financial Services Regulatory Authority of Ontario (FSRA). Throughout this time, there have been no claims against errors and omissions insurance.

Paul Barbour is a licensed life insurance agent in the Province of Ontario and is regulated by the Financial Services Regulatory Authority of Ontario (FSRA).

1. Insurance Company Relationships

As an independent insurance adviser, Paul Barbour offers a comprehensive range of insurance products from multiple providers including: Life insurance, critical illness insurance, disability insurance, long-term care insurance, segregated funds, annuities, guaranteed investment accounts (GIAs), and group benefits.

Insurance Providers:

2. Business Model and Distributor Relationship

Paul Barbour operates as an independent licensed insurance representative. All insurance business is processed through Gryphin Insurance (Managing General Agent). Insurance companies may pay performance-based bonuses on commission volume in addition to standard commissions.

3. Professional Licensing and Continuing Education

To maintain insurance licensing, Paul Barbour completes mandatory continuing education through industry seminars, professional development programs, and relevant conferences.

4. Compensation Structure

Monetary: Commission-based compensation from insurance companies, calculated as a percentage of premium paid, varying by product type and provider.

Non-Monetary: Eligibility for industry conferences sponsored by insurance companies based on sales volume. Promotional incentives that could influence product recommendations are not accepted.

5. Conflicts of Interest

Should any conflict of interest arise, clients will be notified immediately. Product recommendations are based on suitability for individual client needs rather than commission structure.

6. Privacy and Information Management

Collection: Financial, medical, and personal information is collected as necessary from direct client communications, applications, credit agencies, financial institutions, and client references.

Use: Clients authorize collection and maintenance of information for administering insurance products, fulfilling legal obligations, and sharing with third-party providers as necessary.

Client Rights: Clients may access, review, and request amendments to their information at any time by contacting Paul Barbour directly.

7. Segregated Funds Disclosure

Segregated fund contracts may be held in the nominee name of Gryphin Insurance. Holding contracts in nominee name may impact creditor protection features.

8. Medical Information Consent

In the event of a declined application or additional premium requirements, clients grant permission to discuss confidential medical, financial, and personal information with listed insurance providers for underwriting purposes.

9. Independent Transaction

Clients are not required to transact additional business as a condition of any insurance transaction. Each recommendation stands independently based on merit and suitability.

10. Electronic Communications (CASL Compliance)

By providing contact information, clients consent to receive policy updates, renewal notices, newsletters, and relevant articles. Consent may be withdrawn at any time by contacting Paul Barbour at 905-639-3501 or paul@barbourfinancial.com.