JMV Products

Life and Disability Insurance

JMV Financial Services, A Division of Experior Financial Group comprehends that a proper financial plan will leave your loved ones well-positioned financially in the event of accidental and/or premature death. A Life insurance policy tailored to your needs can help complete the financial security your family deserves. This type of plan can be used to:

  • Pay final expenses, mortgages, estate taxes and any other unpaid debts
  • Provide your family with a source of income
  • Ensure a continued comfortable standard of living
  • Leave a legacy to preferred charity

A Life Insurance policy also has benefits applicable to you while you are still living, including:

  • Building tax-advantaged savings you can draw from for personal or business purposes.
  • Supplementing your retirement income.
  • Provide long-term or home care for yourself or a family member.

Critical Illness Insurance

Your family’s finances and lifestyle can be protected with a cash benefit that you can use to cover your expenses. Critical illness insurance is particularly important to consider during your key income earning years. This is when a temporary or permanent loss of income would potentially have the greatest impact on your lifestyle.

If you are diagnosed with a covered critical illness, the benefit can be used to:

  • Cover immediate living expenses
  • Reduce or pay off debts
  • Pay for medical treatments or other expenses related to your recovery
  • Put aside as savings for the future

Health and Dental Insurance

JMV FInancial Services, A Division of Experior Financial Group offers a wide variety of health and dental insurance plans for both individuals and families. Our plans can cover just medical expenses or dental expenses, or if needed, a comprehensive list of benefits. We have special plans that don’t require a medical questionnaire or exam, as long as you apply within 60 days of your group insurance benefits ending. We even have plans for small business groups.

If you aren’t covered by a group health and dental insurance plan, then you know how quickly medical bills can add up. Prescription drugs, dental checkups, massage or physiotherapy, new eyeglasses – the list of possible expenses goes on and the annual expenses can easily add up to thousands of dollars. We are sure you’ll find exactly the right coverage – whether you want coverage for you, your family, or even for your employees.


A Tax Free Savings Account (TFSA) lets you grow your savings and access your money tax-free.

How TFSAs work

  • If you are a Canadian resident, 18 or older and have a Social Insurance Number (SIN), you can open a TFSA.
  • You can save up to $5,500 a year, and any unused contribution room is carried over indefinitely. The amount you withdraw is added to your contribution room for the following year.
  • You can open more than one TFSA, but make sure you keep track. The penalty for over-contribution is 1% on the excess amount each month.
  • Eligible investments for TFSAs include cash, guaranteed deposits, segregated and mutual funds, stocks and bonds.


A Registered Retirement Savings Plan (RRSP) lets you build tax-deferred retirement savings.  You can deduct your RRSP contributions from your taxable income, and your investments grow sheltered from tax until you make a withdrawal.

If you are like most Canadians, you need to rely on your own savings to fund the retirement lifestyle you want. If you have earned income, an RRSP is one of the most tax-efficient solutions.

How RRSPs work

  • Canada Revenue Agency prescribes an annual maximum contribution amount based on a percentage of your earned income. To find out how much you can contribute, check your Notice of Assessment from Canada Revenue Agency.
  • Eligible RRSP investments include cash, guaranteed deposits, segregated and mutual funds, stocks and bonds. 
  • Your RRSP contributions are deducted from your earned income for that year and your investments in an RRSP grow sheltered from tax.
  • You can withdraw from your RRSP at any time, provided your
  • RRSP is not locked-in under pension legislation.  The amount you take out is added to your income in the year of withdrawal and tax is withheld at source.
  • When you turn 71, you have to close your RRSP. You have three options at this point:


A Registered Retirement Income Fund (RRIF) lets you convert your retirement savings into retirement income. With a RRIF, your money continues to grow tax sheltered until you make withdrawals.

If you are retired and want to maintain control over your investments, converting your Registered Retirement Savings Plan (RRSP) to a RRIF may be the best solution for you.

How RRIFs work

  • By the end of the year you turn 71, you must close your RRSP. You have three options at that point:
  • Transfer your investments to a RRIF
  • Use the funds to buy an annuity
  • Cash in your investments and claim the entire amount as income
  • Although you can set up a RRIF before you turn 71, you cannot make contributions to a RRIF. It is designed to be a source of income when you retire.

Canada Revenue Agency prescribes a minimum amount you must withdraw from your RRIF every year. The amount is based on the value of your account at the beginning of the year and your (or your spouse's) age.

Annuity Non-Registered and Registered Seagregated Funds

An account that does not charge taxes on any contributions, interest earned, dividends or capital gains, and can be withdrawn tax free. This savings account is available to individuals aged 18 and older and can be used for any purpose.

RESP / RRSP Line of Credit

A line of credit is credit source extended to a government, business or individual by a bank or other financial institution. A line of credit take several forms, such as overdraft protection, demand loan, special purpose, export packing credit, term loan, discounting, purchase of commercial bills, traditional revolving credit card account, etc. It is effectively a source of funds that can readily be tapped at the borrower's discretion. Interest is paid only on money actually withdrawn.

However, the borrower may be required to pay an unused line fee, often an annualized percentage fee on the money not withdrawn. Lines of credit can be secured by collateral, or may be unsecured.

Group Benefits

While many people think of group benefits plans as being strictly about medical coverage, there's many more types of insurance to consider; Dental, Disability, Life, Vision, and Supplemental Health plans are also critical to providing for the health and welfare of employees and their families.

The best Group Benefits plan is the one that addresses your specific needs.

The Co-operators offers plans for companies of three to thousands of employees. We can meet all your benefits needs with a full suite of Group Benefits products and services, including:

  • Health and vision care benefits
  • Dental coverage
  • Life insurance
  • Disability coverage

Small Business Benefits

A competitive benefits program is key to attracting talented employees and promoting a healthy work place. Empire Life sets itself apart by offering well-priced, easy-to-understand employee benefits that are uniquely designed for Canadian small and medium-sized businesses.  Benefit's intelligent design helps make complex choices easier. It's got everything you need in an attractive benefits package to help employees protect their physical, mental, and financial wellbeing - without breaking the budget.

Intended for businesses with 2-19 employees, BeneFit's smart, simplified plan options and easy administration add up to hassle-free, cost-effective protection.

Long-term Care

Long Term Care Insurance is money received to aid in your care, if you are unable to do so anymore, if a spouse is unable to do so anymore, if a parent is unable to do so anymore. Long Term Care is a range of services and supports one may need to meet their personal care needs. Most long-term care is not medical care, but rather assistance with the basic personal tasks of everyday life, including care that family members may provide.

These services help people live as independently and safely as possible when they can no longer perform everyday activities on their own. But if you really think about it, these are far more than just plain services. This is the ability to give someone back their independence. This is providing someone the comfort and safety of living a normal life.