Group Benefit Advisory Services
Group Benefit Plans
A group health insurance plan is an insurance plan that provides healthcare coverage to a select group of people. Group health insurance plans are one of the major benefits offered by many employers.
Life insurance is a protection against the loss of income that would result if the insured passed away. The name beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured.
Accidental Death and Dismemberment
Accidental death and dismemberment (AD&D) is a policy that pays benefits to the beneficiary if the cause of death or dismemberment (loss of limbs, loss of sight, permanent paralysis etc.) is an accident. This is a limited form of life insurance which is generally less expensive.
Dependent Life Insurance
Dependent life insurance provides financial protection to an employee if his or her spouse of child dies.
Critical illness insurance is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policy holder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.
Short-Term Disability (Weekly Indemnity)
Short-term disability insurance (Weekly Indemnity Insurance) pays a percentage of your salary if you become temporarily disabled, which means that you are not able to work for a short period of time due to sickness or injury not related to your job.
Long-term disability (LTD) is an insurance policy that protects employees from loss of income in the event that he or she is unable to work due to illness, injury or accident for a long period of time.
Health and Dental Insurance
Health and Dental insurance is a type of insurance coverage that pays for medical and dental expenses.
Healthcare Spending Account
A Healthcare Spending Account is a pre-determined amount of money provided to employees for coverage of their medical and dental expenses.
Personal Spending Account
A Personal Spending Account is a pre-determined amount of money provided to employees for coverage of wellness-related expenses not covered under a Healthcare Spending Account.
Workplace wellness is any workplace health promotion activity or organizational policy designed to support healthy behaviour in the workplace and to improve health outcomes.
Employee Assistance Programs
An employment-based health services program designed to assist in the identification and resolution of a broad range of employee personal concerns.
Group Retirement Advisory Services
Employer-created program that assists employees in planning for retirement.
Business and Individual Insurance
Life and Disability Insurance
Protections against the loss of income that would occur if the insured passes away or becomes disabled and is unable to work. Both Life and Disability Insurance, the name beneficiary receives the policy payout, and is protected against financial hardship.
Critical Illness Insurance
Critical Illness Insurance provides a lump-sum benefit to support you financially in case of a critical illness. It is typically a supplement to your Health Insurance Plan, and can be used to cover the challenges that come with the diagnosis of a critical illness.
Key Person Insurance
Key Person Insurance is designed so that a business can recruit, hire or train a replacement should a key employee become disabled or pass away. Key Person Insurance can be especially important for small businesses.
A Buy/Sell insurance agreement specifies what will happen to an owner, partner or shareholder of a business who passes away or becomes disabled.