Group Insurance

Attract and retain valuable employees with group insurance

Comprehensive group coverage for three to 300 employees A group benefits plan is an important part of the financial security plan of your business. By investing in group benefits for your employees, you can:

• Better attract and retain good people, helping minimize high turnover costs
• Access insurance for you and your employees at a reduced cost (compared to most individual insurance plans)
• Deduct your premium as a business expense from your taxes, providing a tax-deductible alternative to a salary increase
• Provide 24-hour coverage for all benefits, including disability insurance
• Help improve morale and absenteeism, thereby increasing productivity, by providing financial security and support for your plan members when they need it most

Essential parts of your group insurance plan

• Healthcare and dentalcare benefits: Help your plan members bridge the widening gap between provincial health insurance plans and the coverage your members and their families need.
• Wellness and disability benefits: Offer a collaborative approach to managing wellness and disability in the workplace. Drawing on a comprehensive menu of services, we work with your organization to help protect you and your employees against the financial impact of income loss due to an accident or critical illness. Critical illness benefits can provide your employees with a one-time, lump-sum benefit of $10,000 to $1,000,000 if they are diagnosed with a critical condition as defined in the policy and they satisfy the survival period.
• Life and accidental death and dismemberment (AD&D) benefits: Can provide financial support for your plan members and their families in the event of a death or tragic accident, helping ease the burden of unfortunate situations.
• International benefit plans: Provides benefits to employees who are U.S. residents, are Canadian residents working temporarily in the U.S. or overseas, or are new to Canada, and not yet eligible for provincial healthcare benefits.

Group benefits instead of a salary increase

An attractive overall compensation package can help preserve an employer’s most valuable asset: your employees.

With government cutbacks and increasing drug, hospital and paramedical costs, giving your employees a pay increase isn't always the most cost-effective compensation method.

A raise in salary can cost more than you think. Consider a three per cent increase on a $35,000 salary versus an equivalent premium allocation:

Based on the above example, as an employer, it could cost you $150.65 more per employee to implement a salary increase than to provide your employees group benefits.

* Payroll deduction tables-BC- CRA-T4001 **Using industry average 2005-7.27 per cent WCB

Flexible group retirement plans

Employers and employees look for a retirement provider who is an excellent business partner, offers a flexible and competitive product and is leading edge in the group retirement industry.

Our member and sponsor services, partnered with easy-to-use retirement planning tools, make employers comfortable with their group retirement plan provider of choice.

I offer a flexible product package with more than 100 investment funds with 18 fund managers, and a range of plan sponsor and member services.

A plan to meet your needs

Your business is unique, and so are your people. Whatever the size of your group, with my help, you can offer them a group benefits plan that helps meet their needs and yours, and includes:

• Competitive products
• Quality service
• Cost-effective management of benefit costs
• Ease of plan administration
• Technology-based solutions
• Detailed management information

Contact me today

Your people are likely your most important asset, and provide you with a competitive edge. Creating the group plan your business needs takes experience and knowledgeable advice. To find out more about how group benefits can help make your business more successful, please contact me today.