The following disclosures are provided in the interest of transparency and to help you understand the nature of the services offered by Jaskaranpreet Assi, operating as "Insured by Jaskaran," the respective roles of the parties involved in insurance and mortgage transactions, and the limitations of the information provided on this website. Please read this page carefully.
1. Licensing
Jaskaranpreet Assi is licensed as a life insurance agent in the Province of Ontario, having completed the Life Licence Qualification Program (LLQP), and is regulated by the Financial Services Regulatory Authority of Ontario (FSRA). Jaskaranpreet Assi is also licensed as a Level 1 Mortgage Agent in Ontario and acts under the supervision of a licensed principal broker and licensed mortgage brokerage, as required by the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Ontario). Licence status may be verified through FSRA's public registries.
Unless otherwise stated, services are offered only to residents of Ontario. Insurance and mortgage products referenced on this website may not be available in all provinces or to all applicants.
2. Role of the Advisor and Other Parties
It is important to understand who does what in an insurance transaction:
My role — the advisor
I assess your needs, explain product options in plain language, provide recommendations, assist you in completing applications, and support you in servicing your coverage over time. I act as an intermediary between you and the insurer. I do not underwrite, approve, decline, price, or issue insurance policies, and I have no authority to bind coverage on behalf of any insurer.
The insurer's role
All insurance products are underwritten and issued by the respective insurance company. The insurer alone evaluates each application — including any medical, lifestyle, and financial information — and makes the final decision to approve, rate, postpone, or decline coverage, and on what terms. All policy benefits, values, and guarantees are the sole obligation of the issuing insurer and are subject to its financial strength and the terms of the policy contract.
The managing general agency (MGA)
Independent advisors typically place business through one or more managing general agencies, which hold distribution contracts with insurers, process applications, and provide administrative and compliance support. The MGA does not underwrite or issue policies.
The mortgage brokerage & lender
Mortgage agent services are provided under a licensed mortgage brokerage and its principal broker. Lending decisions — including approval, rates, and terms — are made solely by the lender. As a Level 1 Mortgage Agent, I may deal only with lenders that are financial institutions or approved lenders as permitted under Ontario regulations.
3. Underwriting and Application Outcomes
- Any premium, rate, or coverage amount discussed prior to underwriting is an illustration or estimate only and is not a guarantee of insurability or final pricing.
- The insurer may require medical evidence, paramedical examinations, attending physician statements, or financial documentation as part of underwriting.
- Final premiums and terms may differ from initial illustrations based on the insurer's underwriting assessment.
- Coverage is not in force until the insurer has approved the application, the policy has been issued and delivered, the first premium has been paid, and any delivery requirements have been satisfied, subject to the terms of any conditional insurance agreement provided by the insurer.
- Your duty of disclosure: applicants are required by law to answer all application questions truthfully and completely. Misrepresentation or non-disclosure of material facts may result in denial of a claim or rescission (cancellation) of the policy by the insurer.
4. Independence and Market Access
I operate as an independent advisor with access to products from more than 70 insurance providers, including companies such as iA Financial Group, Manulife, Equitable Life of Canada, Empire Life, ivari, Canada Protection Plan, and Foresters Financial. I am not owned by, and do not hold an ownership interest in, any insurance company. No insurer holds an ownership interest in my practice. Recommendations are based on an assessment of your disclosed needs and circumstances; however, no single advisor has access to every product in the market, and comparable or superior products may exist with providers I do not represent.
5. Compensation Disclosure
I am compensated by way of sales commissions and may receive renewal (service) commissions from the insurer whose product you purchase, paid through the applicable MGA or brokerage. I may also be eligible for additional compensation such as bonuses, or non-monetary benefits such as conferences or training, based on aggregate business placed. For mortgage services, compensation is generally paid by the lender or brokerage. You are entitled to ask about the compensation applicable to any product recommended to you, and further specific disclosure will be provided at or before the time of sale in accordance with regulatory requirements. Any conflict or potential conflict of interest will be disclosed to you.
6. No Advice or Advisor–Client Relationship via This Website
The content of this website — including product descriptions, articles, figures, examples, and social media content — is provided for general informational and educational purposes only. It does not constitute insurance, financial, investment, legal, tax, or mortgage advice, is not a recommendation or solicitation to purchase any specific product, and does not take into account your individual circumstances. Use of this website, including submission of the consultation form, does not create an advisor–client relationship. Advice is provided only through a personal consultation and needs analysis. Always read the applicable policy contract, information folder, or product documentation — the terms of the policy contract govern in the event of any discrepancy.
7. Accuracy of Information
Reasonable efforts are made to keep website content current; however, product features, contribution limits, tax rules, interest rates, and regulatory requirements change frequently. No representation or warranty, express or implied, is made as to the accuracy, completeness, or timeliness of any information on this website, and I disclaim liability, to the fullest extent permitted by law, for any loss arising from reliance on such information without personal consultation and verification.
8. Errors & Omissions Insurance
As required of licensed life insurance agents in Ontario, I maintain errors and omissions (E&O) liability insurance, including coverage for fraudulent acts, in accordance with regulatory requirements.
9. Questions, Concerns, and Complaints
If you have a concern about the service you have received, please contact me directly so I can attempt to resolve it promptly. You may also direct concerns to:
10. Trademarks
All insurer names and logos referenced on this website are the property of their respective owners and are used for identification purposes only. Reference to any insurer does not imply sponsorship or endorsement of this website by that insurer.
11. Contact
Jaskaranpreet Assi — Insured by Jaskaran
160 Traders Blvd E, Mississauga, Ontario
Phone: (647) 355-9194
Email: insuredbyjaskaran@gmail.com
These disclosures are provided for general information and transparency. They are not exhaustive and do not replace the specific disclosures provided at or before the time of any sale, nor the terms of any policy contract. This page does not constitute legal advice; consider having compliance materials reviewed by your MGA compliance team or legal counsel.