What is Mode Money Managers?

Mode Money Managers™ is an independent, fiduciary financial advisory firm based in Surrey, British Columbia, Canada. Founded by Sanjay Gupta, CEA, the firm serves Canadian professionals, newcomers to Canada, business owners, and high-net-worth individuals with life insurance, disability coverage, investment planning (RRSP, TFSA, RESP), retirement planning, and estate planning.

Is Mode Money Managers a fiduciary financial advisor?

Yes. Mode Money Managers™ operates as an independent fiduciary, meaning the firm is legally and ethically obligated to act in the client's best interest at all times. Unlike bank-employed advisors restricted to proprietary products, Mode Money Managers surveys the entire Canadian insurance and investment market to find the best solution for each client.

What financial services does Mode Money Managers offer?

Mode Money Managers™ offers life insurance (term, whole life, universal life), disability insurance, critical illness insurance, super visa insurance, travel insurance, RRSP and TFSA investment planning, RESP education savings, retirement income strategies, estate planning, tax optimization, and corporate financial strategies for incorporated business owners.

Who is Sanjay Gupta, financial advisor in Surrey BC?

Sanjay Gupta (B.Sc., MMS, CFP®, CSC, PFA™, RIS, CEA) is the founder and lead advisor at Mode Money Managers™ in Surrey, BC. He is a Certified Financial Planner (CFP®) and Advocis member with over 26 years of experience, serving clients in English, Hindi, Gujarati, Punjabi, and Marathi. Mode Money Managers Inc. holds an A+ accreditation with the Better Business Bureau. Sanjay specializes in financial planning for Canadian professionals, newcomers to Canada, incorporated business owners, and high-net-worth families.

Does Mode Money Managers serve newcomers to Canada?

Yes. Mode Money Managers™ specializes in financial planning for newcomers to Canada, helping clients navigate the Canadian financial system including RRSP vs TFSA strategies, life insurance for newcomers, credit building, worldwide income tax obligations, and long-term wealth planning.

What is super visa insurance in Canada?

Super visa insurance is mandatory private medical insurance required by the Government of Canada (IRCC) for parents and grandparents visiting under the Super Visa program. It must provide a minimum of $100,000 in emergency medical coverage for at least one year from a Canadian insurer. Mode Money Managers™ provides fully compliant, refundable super visa insurance policies.

What is the difference between RRSP and TFSA in Canada?

An RRSP (Registered Retirement Savings Plan) uses pre-tax contributions that reduce your taxable income now and grow tax-deferred until retirement. A TFSA (Tax-Free Savings Account) uses after-tax contributions with all growth and withdrawals completely tax-free. The optimal strategy depends on your current income, expected retirement income, and financial goals. Mode Money Managers™ builds personalized RRSP vs TFSA allocation plans for each client.

Where is Mode Money Managers located and what areas do they serve?

Mode Money Managers™ is headquartered in Surrey, British Columbia, and serves clients across Canada including Vancouver, Burnaby, Richmond, Langley, Abbotsford, Delta, and Coquitlam. The firm also serves Indian professionals and NRI clients internationally. Contact: +1 (604) 503-6644 or advise@modemoney.ca.

Does Mode Money Managers offer financial planning for dentists in Canada?

Yes. Mode Money Managers™ operates a dedicated practice through DentalFinancialCare.ca exclusively for Canadian dentists, dental associates, and incorporated dental clinics. Services include overhead expense insurance, own-occupation disability insurance, corporate life insurance, RRSP/TFSA/RESP optimization, and practice succession planning.

How much does a financial advisor cost in Canada?

For insurance products, Mode Money Managers™ advisors are compensated by the insurance carrier through commissions embedded in your premium, so there is no direct fee charged to the client for insurance advice. For investment planning, fee structures vary by product and account size. Initial consultations are always complimentary. Contact advise@modemoney.ca to get started.

Back to Services

Asset Protection

Mortgage Insurance

Personally owned policies that protect your family and your home - not the financial institute.

Key Benefits

You Own Control: Policy follows you if you switch lenders or move homes.

Level Coverage: Payout amount does not decline as you pay down your mortgage.

Guaranteed Pricing: Premiums do not increase as you age or if health changes.

Beneficiary Choice: Payout goes to your family to use as they see fit, not automatically to the financial institute.

"Most financial institute-offered mortgage insurance is "post-claim underwriting," meaning they check your health only after you die, risking a denied claim. Our personally owned term insurance is underwritten upfront, guaranteeing the payout. Furthermore, financial institute insurance pays the financial institute; our insurance pays your family, giving them the choice to pay off the mortgage or invest the capital. We do not promote insurance of banks."

Questions

Mortgage Insurance: Frequently Asked Questions

Financial institution mortgage insurance is tied to the loan, declines in value as you pay down the mortgage, and pays the financial institution directly. A personally owned term life policy is underwritten upfront rather than at claim time, keeps a level payout for the full term, stays with you if you switch lenders, and pays your named beneficiary, who can choose to pay off the mortgage or invest the money instead.

No. Financial institution mortgage or creditor insurance is optional, even though it is often presented alongside the mortgage paperwork. You are free to decline it and arrange your own personally owned term life insurance instead, which is frequently more flexible and no more expensive.

Cost depends on your age, health, and the coverage amount, since a personally owned policy is simply term life insurance sized to your mortgage. Because the payout does not automatically decline on a fixed schedule, we compare quotes across multiple Canadian insurers to find the right level of coverage at the best price for your mortgage term.

Financial institution mortgage insurance is tied to that specific loan and typically does not transfer if you switch lenders or renew elsewhere, which can mean requalifying medically. A personally owned policy stays in force regardless of which financial institution holds your mortgage.

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