GBS Insurance Solutions Inc

GBS Insurance Solutions Inc. is an insurance consulting firm that offers innovative solutions to your unique business needs. We pride ourselves on the quality of our work and are proud of the reputation we have developed in the marketplace.

About Us

GBS Insurance Solutions Inc. is an insurance consulting firm that offers innovative solutions to your unique business needs. We pride ourselves on the quality of our work and are proud of the reputation we have developed in the marketplace. With more than 23 years of experience in the industry, we at GBS Insurance Solutions Inc. believe that the most important part of your employee benefits plan is the broker or consultant who represents you. We know that the level of service we provide is unique to the industry and will exceed your expectations!

Glossary Of Insurance Terms

Convertible Term Insurance

A type of term insurance that allows the policy owner to change the term insurance policy to a permanent life policy without providing evidence of insurability

Cost of Insurance (COI)

COI is the insurance charge within a universal life policy (usually deducted monthly). These charges are typically based on guaranteed rates per $1,000 of insurance

Evidence of Insurability

Medical, financial and lifestyle information that is needed as part of the underwriting process to assess the applicant’s risk in approving the life insurance application.

Level Death Benefit

A universal life insurance death benefit option in which the death benefit of the policy remains level. The insurance amount decreases as the total account value in the policy increases.

Participating Life Insurance

A type of permanent life insurance that is eligible for dividends which are dependent on a variety of factors, including investment returns, mortality and expense experience.

Policy Owner

The person who owns the policy. Unless the policy is assigned or has an irrevocable beneficiary, this person has the ability to request changes to the policy.If the actual investment returns

Insurance Can Help You Manage Risk It Has Many Tax Advantages

GBS Insurance Solutions Inc. believes that products are simply the end result of a nurtured relationship. Product selection can often feel overwhelming.