What Are The Advantages & Disadvantages Of Group Plans?
After the Covid-19 pandemic, many people have realized just how beneficial health insurance can be in combating unexpected illnesses and hospitalization. This is why most employees today seek work in companies that offer excellent Group Health Insurance Plans that cover the cost of expensive healthcare treatments, prescription drugs, hospitalization, and much more for both them […]
How Much Do Benefits Cost Employers?
For business owners that are struggling with employee retention or finding ways to boost employee morale, offering a group benefits plan can be a great way to solve both these problems. There is a lot more to keeping an employee happy than just paying a salary. Added benefits and perks can make a job offer […]
Life Assurance vs. Life Insurance
In many parts of the world, life assurance and life insurance are terms that are used interchangeably, which can get confusing. Even though they are pretty similar, these two insurance types aren’t the same. While the primary purpose of both policies is to protect your loved ones’ financial futures in the case of an untimely […]
Is It Better To Buy Insurance Through A Broker?
At a certain point in life insurance becomes almost a necessity to safeguard against unforeseen circumstances. Buying any type of insurance whether it be auto insurance, life insurance, health insurance, disability insurance, home insurance, business insurance, or even group benefits requires information and knowledge of the industry to better understand what deals would work best […]
The Difference Between Life Insurance & Critical Illness
Insurance is essential. As you grow older you realize that you have dependents who rely on you financially. If something were to happen to you what would happen to them? To safeguard against such unforeseen tragedies considering life insurance and or critical illness insurance is certainly worth it. No one can predict the future. We […]
Group Registered Retirement Savings Plan (RRSP)
Over the past few years, I have started offering Group Registered Retirement Savings Plans (GRRSP) to my benefit clients. Group RRSPs are a great way to help your employees start funding their retirement. They are flexible, easy to administer and provide no setup fees to the employer.What is a Group RRSP?A group Registered Retirement Savings […]
Manulife Vitality: Life Insurance meets Rewards
Manulife Vitality is one of the most unique products in the insurance industry. Term life insurance has not changed much over the years until vitality was introduced. When you think about it, promoting healthy living, physical activity & rewards makes a lot of sense from the insurance providers perspective because they want you to live […]
Disability Tax Credit: Medical Conditions That Qualify
Do you have a health condition that is hampering your ability to work or perform daily tasks at your fullest potential? If so, did you know that being a Canadian you could very well be eligible for a disability tax credit of over $25,000? Yes, you read that right! What’s more, you don’t have to […]
Is Cancer Considered A Disability In Canada?
The word ‘cancer’ itself is enough to strike fear and remorse in the hearts of many. This disease is one that has claimed the lives of countless Canadians through millennia and is one of the few medical conditions that we still have no definite cure for. Thankfully, technological and medical advancements have made it possible […]
Are Group Benefits Mandatory?
Health insurance is a convenience for Canadians for a variety of different reasons. Health insurance is not always cheap, but it is still helpful to pay for unexpected medical expenses. The amount you would pay for health insurance is affordable compared to the amount you would end up paying for medical services. It can be […]
Nova Scotia Disability Claims: Why Can they be Denied?
An employee may be eligible for long-term disability benefits if they have a mental disorder, physical condition, or permanent injury that hinders the employee’s work performance. It is highly likely that these employees can collect long-term disability benefits, especially if their employer’s group plan covers them. Employees that have their own private insurance policy with […]
What Is The Main Purpose Of Life Insurance?
There comes a point in every person’s life when they wonder, “do I need life insurance?” After all, the idea of leaving behind your loved ones some form of financial security after you die is certainly appealing. Thinking of our family’s future in case we pass away is something that is innate in all of […]
What Does An Insurance Broker Do?
An insurance broker is a qualified professional whose job is to guide individuals and organizations to find the best insurance policies based on their specific needs. An insurance broker offers expert advice and recurring service to ensure that you and your assets are safeguarded against unforeseen circumstances. But this is not all an insurance broker […]
How Do Group Benefits Impact The Payroll Department?
Healthy and energetic employees are productive employees. Group insurance assists employers to maintain a staff of healthy personnel in all of their departments. The presence of a healthy workforce delivers a boost in employee morale. It also becomes easier for all of the employees to successfully perform their basic duties. A business can perform better […]
Life Insurance For Cancer Patients
From the point of view of an insurance company, life insurance premiums are evaluated based on the risk an applicant poses based on different demographic factors. Insurance companies specifically question the risk of potential policyholders that suffer from cancer. Thus, insurance underwriters structure policies based on statistical data from the Canadian Cancer Society. In this […]
Does Life Insurance Pay For Suicidal Death In Canada?
Canadians are looking deeper into specific aspects of life insurance due to volatile international economic conditions. Every person wants to secure their monthly budget and leave behind a sense of financial security for their loved ones. Canadians purchase life insurance to leave behind funds and resources for their loved ones in the event of their […]
Can Insurance Companies Deny Coverage?
The Canadian health care system set up in 1967 was a huge success. The health care system, also known as Medicare in Canada, is a publicly funded system that provides health services to Canadian citizens. The government aims to implement federal standards in the country so that people with all types of medical history, the […]
Is Life Insurance Worth It?
Understanding the twists and turns of life insurance is one of those tasks that always gets cast aside until it’s too late. There might have been earlier moments when you considered is life insurance worth it? The simple answer is yes! Especially if you have dependents. After all, no one can put a price tag […]
Life Insurance Policy For Parents
Most Canadians are enthusiastic about getting home and auto insurance policies set up and scratched off their list. But what about life insurance? Getting life insurance is important when it comes to the crunch, but not always for everybody. Because let’s face it, life is just so busy! People with loved ones depending on your […]
Deducting Health Insurance Premiums If You’re Self Employed
Being self-employed means you need to get your own personal health insurance. You can no longer take advantage of your employer’s plan. You could potentially make use of your spouse’s plan if they have a good one. But the chances of that are often slim. Being self-employed means that you are now on your own […]