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AFL Assurances

Insurance, Canada, Quebec, Montreal

AFL Assurances provides comprehensive insurance solutions for individuals and businesses, with a focus on personalized service and risk management expertise.

About AFL Assurances

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
Canada, Quebec, Montreal
Official Website
http://www.aflassurances.ca
Location Address Official Phone Email
Canada, Quebec, Montreal Canada, Quebec, Montreal **** ****
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FAQs – AFL Assurances

Who needs liability insurance?

Any individual or business that interacts with the public, offers professional services, or sells products should have liability insurance. This includes contractors, doctors, manufacturers, retailers, consultants, and small business owners.


Can I switch investment options in a variable life insurance policy?

Yes, most policies allow policyholders to reallocate funds between different sub-accounts to manage risk and optimize investment performance over time.


Can a policyholder reinstate a lapsed insurance policy?

Many insurers allow reinstatement within a grace period, often requiring back payments and proof of insurability for reinstatement approval.


Does cash value earn interest or investment returns?

Yes, depending on the policy type. Whole life policies earn a fixed interest rate or dividends, universal life policies earn market-based interest, and variable life policies invest in market securities, affecting potential gains and losses.


How does reinsurance impact an insurer’s solvency?

Reinsurance helps insurers transfer risk to another entity, reducing financial strain, stabilizing solvency ratios, and ensuring they can meet large or unexpected claims.


How does facultative reinsurance affect underwriting?

Facultative reinsurance enables insurers to take on risks they might not otherwise accept by allowing customized underwriting solutions. It enhances an insurer’s ability to write large or complex risks while maintaining control over their overall risk portfolio.


Does homeowners insurance cover home improvements and renovations?

Home improvements may increase the home's value and insurance needs. Some renovations, like roof upgrades, may lower premiums, while major additions should be reported to ensure proper coverage.


What are the main types of reinsurance?

The two main types of reinsurance are facultative reinsurance, which covers individual risks, and treaty reinsurance, which covers a portfolio of risks.


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