On this page
What you get
The aim is a plan your whole family can understand: protected now, on track for later, and passed on the way you intend. Four things make that easier to reach.
A plan the whole family can follow
Plain language, in English and Farsi.
Advisors on one file
Both hold life insurance agent licences (LLQP), and one is also a CFP® professional.
A first picture in minutes
Sample prices in the GetCovered app in minutes. An advisor contacts you within one business day.
Less effort on your side
The app does the arithmetic, and your answers carry into the conversation, so you do not start over.
Access is the same for everyone. Only the complexity changes.
The speed of an app. The judgment of people you can call.
Some options lean toward speed, others toward people. Here is how the blend works.
Traditional planning firm
People who know your situation; start times and tool access vary by firm.
App or online service only
Quick to start; how much personal advice you get varies by service.
AplusWealth
The app gets you a first answer fast. Our advisors then work through your plan with you, and after the planning work you get access to professional planning software.
How it compares
Five common ways to get financial help in Canada, side by side. AplusWealth is first, and most cells in the other columns say “varies” because firms differ.
| Feature | AplusWealth | Bank branch advisor | Online quote website | App-only service | Traditional advisor |
|---|---|---|---|---|---|
| Who works your file | Both licensed advisors; financial planning done by our CFP® professional | Varies | Varies | Varies | Varies |
| Credentials on the file | Two licensed life insurance agents, one also a CFP® professional | Varies | Licensed agents; planning credentials vary | Licensed agents where insurance is sold; planning credentials vary | Varies |
| Insurers compared | Several insurers we work with | Varies | Varies | Varies | Varies |
| Planning scope | Six areas; financial planning done by our CFP® professional | Varies | Varies | Varies | Varies |
| Tools you can use yourself | GetCovered app, plus access to professional planning software after the planning work | Varies | Varies | Varies | Varies |
| Time to a first picture | Minutes in the app; an advisor within one business day | Varies | Varies | Varies | Varies |
| Languages | Website in English and Farsi | Varies by branch | Varies | Varies | Varies |
| Handoff to junior staff | Both advisors, with no handoff to junior staff | Varies | Varies | Not applicable | Varies |
Comparison shows typical features of each kind of option in Canada. Individual firms differ. It is not a ranking.
Seven differences, in plain words
Credentials on the file
Two licensed advisors on your file, one also a CFP® professional.
Both hold the LLQP licence. Both arrange life and living-benefits insurance, and the CFP® professional brings the financial planning credential to the same file. The CFP® marks are internationally recognized; in Canada, FP Canada™ grants the right to use them to people who meet its requirements on an ongoing basis. Meet the advisors.
Attention per file
Attention on your family, not only your policy numbers.
Our advisors work together on each file, so they know your family’s situation as well as your policies.
Who works the file
Working together on every file.
Each advisor looks at the insurance side of every file, and the CFP® professional covers the savings, retirement and estate planning side, so something one of them might miss has a second pair of eyes.
Staying power
The people you start with are the people who work your file.
Your advisors work on your file from the first conversation, with no handoff to junior staff, and your notes stay on file, so what you told us at the start is still there at your next big change.
Scope
A tax move shouldn’t quietly break your retirement. An insurance policy shouldn’t quietly break your budget.
Insurance, savings, retirement and estate questions are looked at together, including how tax affects each one, so a change in one area is checked against the others. For tax filing or legal documents such as a will, you work with your accountant or lawyer.
Tool access
“What happens if I retire at 62?” See the answer yourself.
After the planning work, you get access to professional planning software. The GetCovered app is there whenever you want to try numbers on your own.
Keeping up with change
Your family’s plan should move forward with time, not fall behind.
Tax rules, benefits and families all change. A plan is meant to be reviewed as they do.
Questions about how it works
What does it mean to have advisors and an app together?
The GetCovered app gives you a first picture in minutes, including sample life insurance prices. An advisor then contacts you within one business day, sees the answers you gave, and works through the full picture with you, so you do not start from zero.
Who works on my file?
Our advisors hold life insurance licences, and one is also a CFP® professional who does the financial planning. They work together on your file from the first conversation onward.
Is the comparison table a ranking?
No. It shows typical features of each kind of option in Canada. Individual firms differ, and many do some of these things well.
Do I have to use the app to work with an advisor?
No. You can reach an advisor by phone or through the contact page, and say which language you prefer when you request a call. The app is there if you would like a first picture before you talk.
Can I see the planning software myself?
After the planning work, yes. You get access to professional planning software, so you can test questions such as “what happens if I retire at 62?” yourself.
Education only, not advice. This page describes how AplusWealth works and how typical options in Canada differ. For advice on your own situation, talk with a licensed advisor.
