APEXA is a subsidiary of the LOGiQ3 Group, a privately held company located in Toronto, Ontario.
Advisors are not charged by APEXA. MGAs and Carriers pay an annual fee based on the number of Advisors on APEXA. This fee reduces as the volume of Advisors increase up to a maximum annual CAP on fees.
Your MGAs and Carriers are using APEXA to manage the screening, contracting and compliance of Life Insurance Advisors, Corporations and Shareholders. To meet their requirements, you need to register and maintain your information in APEXA.
Your MGA must be on APEXA in order for you to register. Your MGA will send you an invite via email with the registration information. If your MGA is on APEXA and you haven’t received an invite please contact them. If you are an MGA or Carrier and you want to get on APEXA, contact us here.
Your invite contains a link. Follow the link to set up your password and complete your profile. Once your profile is complete you are active on APEXA.
Contact your MGA and they will send you a new invitation.
Your second invite will include contracts linked to the MGA who sent the invite and the associated Carriers. Follow the instructions in the email to add these contracts to your profile. You do not need to complete another profile or register again.
This is decided by your MGA. Please reach out to them directly for the onboarding timeline.
To obtain a contract with an MGA or Carrier they require you to complete a Criminal Background Check. Backcheck is the company who conducts this search.
In order to service MGAs and Carriers we had to meet their strict requirements on privacy and data protection. This means that your information is being held securely to their standard.
APEXA only deals with the contract between you as an Advisor or Corporation and the MGAs or Carriers with whom you work. It contains NO client information.
No, the CE credit tracking tool is for your personal use only. This section is not shared with your MGAs and Carriers.
To complete your profile, you will need:
Note: If you are responsible for a corporation, you’ll need a few more items:
Your profile is shared with any party with whom you have a contract or with any party with whom you are requesting a contract.
No. Updates you make to your profile will be shared with them automatically.
If you don’t see one of your contracts on your profile it means that the associated MGA or Carrier is not yet on APEXA. When they join APEXA you will receive an email to add those contracts to your profile.
You will be notified by email if you need to sign into APEXA to take an action on your profile. You can also choose to sign in any time to update changes to your personal information such as a change to your address, banking information, phone number etc.
It happens! Maybe there is a typo or you forgot to include something in your profile. You can log back in, make the update or change and save your changes. Your MGAs and Carriers on APEXA will be notified of the update automatically.
To obtain a contract with an MGA or Carrier they require you to complete a Credit Check. Your credit information is provided by Equifax. If Equifax can’t locate your credit information you will be asked to provide additional details to help with their search.
No, APEXA does not contain commission information. Please contact your MGA for this information.
No, as APEXA does not contain commission information. Please contact your MGA for this information.
The CE Credit tool is for your personal use. You can track your CE Credits and upload certificates or e-documents to maintain your records. This section is not shared with your MGAs and Carriers.
No, the CE credit tracking tool is for your personal use only. This section is not shared with MGAs and Carriers.
APEXA speeds up contracting by keeping it digital and ensuring that all requirements are included with your submission. Your MGA or Carrier is still responsible for processing so we can’t provide a specific timeframe for completion. APEXA provides a view of your contracts so you can track the status during this process. When it’s complete you will receive an email notification.
APEXA provides a view of your contracts so you can track the status during this process. If you are applying for a contract with an insurance company through your existing MGA, you will be able to see whether the contract is being reviewed by the MGA or the Carrier.
Yes, under the ‘Contract Request’ menu, you can choose to rescind a contract as long as it’s still in pending status. If the request is not in pending status, you will have to communicate with your MGA for cancelling the contract.
You will receive an email when there is an update or request on your profile. Log into your profile to confirm the status of your contract or any outstanding requirements.
If you had existing contracts prior to joining APEXA, you will see a list of your existing relationships and associated selling codes. If you apply for a new contract through APEXA, a copy of the contract will be retained on APEXA for you to see.