Bingham Group Services Corp. (BGS)

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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

Address

808 Nelson Street
Suite 501
Vancouver, BC
V6Z 2H2

Mailing Address:
P.O. Box 15
991 Hornby Street
Vancouver, BC
V6Z 1V3

Phone: 1.888.799.2472
Fax: 1.888.799.2473

Web Address: www.bgscorp.ca
Email Address:

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

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Bingham Group Services Corp. Policies

Pluses:

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.

Minuses:

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.

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Head Office: 2900 John Street Suite #302 Markham, L3R 5G3
Office 1-866-899-4849, 905.248.4849 Fax 905.300.4848


© LSM Insurance Services Ltd. 1998-2017




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