Partners Reserve Insurance is an initiative started by Equity Associates in 2009 to build a full-service MGA operation. The Partners Reserve Insurance is a joint venture between Equity Associate Partners and the Head Office.
Key business objectives:
- Creating a company that is unique to the marketplace
- Launching a Canadian flat fee insurance MGA and accumulating a sizable asset for Partners to sell upon retirement.
- Providing an accelerated rate of return on investment in Equity Associates
- Generating a steady stream of income from dividend payments
Partners Reserve Insurance provides our Partners with meaningful ownership in a high margin company. Equity Associates Partners will own up to 70% of the company.
We require our Partners’ individual productions in order to qualify for MGA status at the Life Insurance Companies. We have created a bridging partnership with FasTrac Canada to meet this need.
FasTrac Canada Inc.
FasTrac Canada is a true third party insurance processing company. They deliver full service, from signed applications to delivered contracts.
FasTrac offer a cutting-edge technology platform that reduces time for our Partners and their staff.
Costs To Partner
A monthly fixed payout. This payout will include processing for 12 life/health applications annually. Additional life applications over 12 will be charged at $150 per application
Partners will receive all base commission (FYC), as well as all bonus override from the Bridging Partner.