President and CEO (Canada): Matthew Bingham
AM Best Rating: Not Rated
Total Assets: n/a
Net Income: n/a
Net Premiums Written: n/a
Financial Size Category: n/a
FSR Outlook: n/a
Best's Issuer Credit Rating: n/a
ICR Outlook: n/a
As of Date: n/a
Organization Type: n/a
Specialty Lines of Business: n/a
Marketing Type: n/a
808 Nelson Street
P.O. Box 15
991 Hornby Street
Web Address: www.bgscorp.ca
Mortgage Alliance Remittances:
All Other New Business:
*Info courtesy of AM Best Key Ratings Guide 2013.
Bingham Group Services Corp. (“BGS”) was Canada’s leading Third Party Administrator (“TPA”) and Managing General Agent (“MGA”) in the business of creating, marketing and administering group creditor insurance products (including, mortgage insurance products).
BGS had a distribution network that stretches across the Country with a substantial presence in each and every Province. BGS employed industry leading, best practices standards in respect of administration and regulatory compliance.
The Mortgage Life and Disability Insurance Products were Underwritten by Foresters Life Insurance Company. The plan was unique to the industry offering Life and Disability Creditor Protection up to $500,000 of life to applicants 18 to 69 and $3,000 a month of Total Disability Protection to applicants 18 to 64 with No Health Questions and No Medical Tests.
The insurance is portable and there are some of softest Terms and Conditions within the industry.
BGS Insurance News
LSM Insurance is an independent Life Insurance Brokerage and is Not Directly Affiliated to Bingham Group Services Corp. (BGS).
Call us: 1-866-899-4849
Bingham Group Services Corp. Policies
1. Offers a Guarantee Issue Creditor Life and Disability Plan.
2. Coverage can be configured to the full amount of the loan up to $500,000, or to cover only part of the loan, depending on the insured's budget.
1. For the life insurance component, any pre-existing conditions, within 12 months from the policy issue date, will not be covered for the duration of the policy contract.
2. The policies are portable, but not convertible to permanent life insurance plans.