RP Financial/Insurance Services

Welcome to RP Financial/Insurance Services

The right protection
to keep you moving
forward

And have been for nearly 25 years. We’ve got you covered from Estate Planning Advice, Life Insurance, Critical Illness Insurance, Mortgage Insurance, Disability Insurance and Travel Insurance.

Free. Not freeish.

We proudly serve
our members
& families.

Since 2002, we have stood by our members. We are your organization for insurance.

About us

Investments. Retirement. Insurance.

We can help you
plan for that.

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Why RP Financial?

RP is a Financial / Insurance advisor based in Surrey, British Columbia, Canada. While hiring a Financial/Insurance advisor, the first question that probably comes to your mind is ‘why’? The answer is manifold. First of all, the moment you hire a Financial/Insurance advisor, you start reaping the benefits from our professional Experience in the field of Finance and Insurance. We have an in-depth knowledge of the market and industry. It is our full-time job to provide you with the right kinds of Insurance policies that meet your needs. However, this is not possible for a typical individual to study the market all the time. We do it for you

Life Insurance

A life insurance is a fund that secures you and your family financially. A life insurance policy helps you achieve your financial goals by building a corpus with a life time coverage.

Critical Illness Insurance

We never know when a serious health issue will occur to us. It comes so unexpectedly. Here the critical illness insurance becomes very necessary that can save you from Financial burden

Estate Planning Advice

Your Estate consists of the property you own, including assets and belongings. The size of your Estate may be big or small. Thoughtful Estate planning can be highly beneficial for your entire Estate.

Long-Term Care Insurance

Long-term care insurance is a kind of insurance that helps you pay for the long-term medical cares. It is generally not covered under health insurance.

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Mortgage Insurance

Mortgage is a type of loan for the purchase or maintain of any real-Estate. At the very outset, it needs to be clear that a mortgage insurance protects the lender, not you.

Disability Insurance

Disability insurance is not often talked about. But it is probably the most important insurance that you should have. We all talk about car insurance, home insurance and even life insurance.

Travel Insurance

Travel Insurance provides peace of mind when unexpected problems arise. Whether it's a sudden accident, damage, or an unforeseen event disrupting your plans, our coverage ensures you're protected and supported through it all.

Our services

We give many services in different fields.

We develop the relationships that underpin the next phase in your organisation’s growth.

How-to-Include-Life-Insurance-In-Your-Estate-Planning-Strategy

Estate Planning Advice

Your Estate consists of the property you own. The size of your Estate may be big or small.

Life Insurance

Help protect lost income, pay for higher education, and cover debts or burial costs.

Critical Illness Insurance

We never know when a serious health issue will occur to us. It comes so unexpectedly.

Travel Navigation Journey Vacation Trip Paper Concept

Travel Insurance

Travel insurance helps cover trip cancellations, medical emergencies, or lost luggage.

Mortgage Insurance

Mortgage insurance helps cover your home loan if you're unable to pay due to unexpected events like illness or job loss.

Disability insurance

Disability insurance is not often talked about. But it is probably the most important insurance that you

Offer

Save money with our money saving offer

When considering financial protection for your loved ones and your assets, life insurance and mortgage insurance are two viable options. Both serve the purpose of providing security, but they are designed for different needs. Understanding the differences between these two types of insurance can help you make an informed decision about which one is right for you.

🛡️ Life Insurance

• You own the policy
• Beneficiary of your choice which can be changed anytime
• Your coverage is guaranteed
• Your policy is guaranteed renewable and convertible
• Premiums are Guaranteed
• The insurance remains if you change lenders, change the mortgage, or buy another home
• Can also include other needs outside of the mortgage i.e., income replacement, kid’s education, final expenses etc.
• Coverage stay same regardless mortgage guaranteed
• Your policy is guaranteed renewable and convertible
• Premiums are Guaranteed
• The insurance remains if you change lenders, change the mortgage, or buy another home
• Can also include other needs outside of the mortgage i.e., income replacement, kid’s education, final expenses etc.
• Coverage stays the same regardless of mortgage

UNDERWRITTEN AT TIME OF APPLICATION

🏠 Mortgage

• The bank is the owner of the policy and you have no control over it
Lender is the beneficiary
• Your insurance ends with the mortgage
• Insurance terminates if you change lenders, you must re-qualify all over again
• Cannot be more than the amount of beneficiary
• Your insurance ends with the mortgage
• Insurance terminates if you change lenders, you must re-qualify all over again
• Cannot be more than the amount of the mortgage
• Coverage decreases with your mortgage

UNDERWRITTEN AT TIME OF CLAIM

Key Differences

Beneficiaries: Life insurance payouts go directly to your chosen beneficiaries, giving them the freedom to decide how to use the funds. Mortgage insurance pays directly to the lender.
Coverage Flexibility: Life insurance can cover a broad range of financial needs beyond just the mortgage, while mortgage insurance is limited to the mortgage balance.
Policy Ownership: Life insurance policies are owned by the policyholder, allowing for more control. Mortgage insurance is often tied to the lender, with less flexibility for the homeowner.

Conclusion

Choosing between life insurance and mortgage insurance depends on your personal financial situation and goals. If you aim for comprehensive financial protection for your loved ones, life insurance may be the better choice. However, if your primary concern is ensuring your family can keep the home, mortgage insurance might be more suitable. Evaluating your needs and consulting with a financial adviser can help you make the best decision.

Prepare for the unexpected

You can never be fully prepared for a major illness. But with critical illness insurance, you can be financially prepared really.

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Legendary Service & Simple Tools

Alico is the best insurance mobile app for renters and homeowners looking to get exciting home insurance plans without the papers.

Convenient Mobile App. Send money, get proof of insurance, pay bills and deposit checks.

Already have a membership?

Life Critical Mortgage Disability

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Fast. Reliable. Tailored

Start a fast, reliable insurance quote with RP Financial. We help you find any insurance coverage that is right for you, so you’re not paying for anything you don’t want!

Get an insurance quote – Switch to RP Financial for an insurance policy from a brand you can trust.

Facing any problem to get a quote!

Call: 604-367-9676

About RP

Rohit Prakash – A Journey of Purpose, Learning, and Growth Rohit Prakash, fondly known as RP, began his professional journey as a passionate educator in Fiji. His academic excellence during high school earned him a prestigious scholarship to pursue higher education in India, where he laid the foundation for a lifelong commitment to learning and personal development.