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Why Choose Advantage Pacific

Every business deserves the services of experienced advisors who can provide specialized, expert council. Advantage Pacific is dedicated to offering exceptional standards of customer service while providing Group Benefits consultation services.

Advantage Pacific delivers total transparency, which ensures you know where every dollar of premium is being allocated. We also commit ourselves to a contractual commission scale which ensures all savings are passed along to you and your employees, not our sales team.

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Through our network of preferred providers we are able to market our plans regularly, this helps ensure you are always getting a great price for a robust plan.

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Advantage Pacific is a third-party administrator, this service is included standard as part of our service offering at no extra cost. This service is designed to reduce the administrative workload of the business owner or HR team.

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All rates presented below are from real cases we have worked since 2022. We have removed any identifying information for privacy reasons.

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Due Diligence and Fair Treatment – Forestry Sector

The former advisor shopped this plan and chose not to show the quoted rates from other carriers to the client even though they were much better. When we were contacted to provide a second opinion, we took over the existing marketing and received quotes with around 20% savings over their existing rates.

Carrier 1Carrier 2Carrier 3Existing Carrier
Total Monthly Premium$3,587.02$3,930.93$3,586.92$4,930.98
Total Annual Premium$43,044.24$47,171.16$43,043.04$59,171.76
Total Annual Savings$16,127.52$12,000.60$16,128.72None
Total Savings %27%20%27%0%

Enhanced Benefits Justified by Rate Savings – Professional Sector

We conducted a market analysis and savings were significant enough the client was able to increase their benefits and still saved 10% over their established rates, with a 24-month rate guarantee. The original quote came back with a 17.4% overall savings.

Carrier 1Carrier 2Carrier 3Existing Carrier
Total Monthly Premium$6,804.22$6,762.62$6,632.86$8,030.09
Total Annual Premium$81,151.44$81,650.64$79,594.32$96,361.08
Total Annual Savings$15,209.64$14,710.44$16,766.76None
Total Savings %15.70%15.20%17.40%0%

Benefit’s of Third Party Administrative Services – Construction Sector

This quote while not as flashy as the others is a great example of a business we won based on service. Their claims experience did not warrant a large rate decrease but when we added our administrative services package at no extra cost, it made sense for this business to switch advisors.

Carrier 1Carrier 2Carrier 3Existing Carrier
Total Monthly Premium$2,060.61$2,298.83$1,917.63$2,110.86
Total Annual Premium$24,727.32$27,585.96$23,011.56$25,330.32
Total Annual Savings$603.00-$2,255.64$2,318.76None
Total Savings %2.38%-8.90%9.15%0%

Effective Plan Management and Review – Industrial Sector

This business had been with their former advisor for over a decade and had never had their plan shopped. We took their plan to market and were able to get them a much more robust line up of benefits with significant savings over their current rates.

Carrier 1Carrier 2Carrier 3Existing Carrier
Total Monthly Premium$6,804.22$6,762.62$6,632.86$8,030.09
Total Annual Premium$81,151.44$81,650.64$79,594.32$96,361.08
Total Annual Savings$15,209.64$14,710.44$16,766.76None
Total Savings %15.70%15.20%17.40%0%

Effective Marketing Review – Plan Renewals

This example is of a business who came to Advantage Pacific 1 month before their renewal. Their previous advisor had brought a $32,000 annual increase to them and they decided to shop around for a better price. We took their plan to market and were able to aggressively negotiate with the existing carrier to get them a small decrease in their rates. Saving them over $32,000 just that year.

Carrier 1Carrier 2Carrier 3Existing Carrier
Total Monthly Premium$3,587.02$3,930.93$3,586.92$4,930.98
Total Annual Premium$43,044.24$47,171.16$43,043.04$59,171.76
Total Annual Savings$16,127.52$12,000.60$16,128.72None
Total Savings %27%20%27%0%

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Authorized distributor for The Canada Life Assurance Company, Equitable Life Insurance Company, The Manufacturers Life Insurance Company, Pacific Blue Cross, Sunlife and Benecaid. Manulife & Stylized M Design, and Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.

 

ABOUT US

Advantage Pacific Benefits Consultants specialize in setting up and managing high quality, cost effective, sustainable Group Benefits Plans and Group RRSPs for businesses of all sizes in all sectors.

We also provide administrative services to all our clients at no extra cost, these services include processing new member enrollments, member terminations, beneficiary designations, maintaining all member files, and being available to all plan members to answer questions and help with claims submissions.

We also have internal insurance experts and strategic partnerships with independent portfolio managers to meet any person or businesses need for Investments, Life/Critical Illness/Disability, or Business Overhead Insurance.

CONTACT US

Phone: 778-349-8774

[email protected]

1244 4th Ave,
Prince George, BC, V2L 3J4

Monday – Friday: 8:30 AM – 4:00 PM
Saturday: By Appointment
Sunday: Closed
After Hours Appointments Available by Request

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