Category Archives: Group Benefits Blog

What You need to Know before Purchasing Life Insurance in BC

Life insurance in BC (and the rest of Canada) is a massive industry fueled by ever evolving insurance products and methods of transferring risk. There are several important variables to consider before purchasing your life insurance policy, but first a little history on insurance. Insurance dates back to early human societies such as the ancient…
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Top Group Retirement Package Myths for Small Business Owners

Small business owner’s account for 45% of Canada’s GDP and continue to be a leading source of economic growth in this country. Despite the massive impact they have in their communities and national economy, many small businesses are without an employer-sponsored group retirement package. Canada’s economy depends on small businesses as they are a major…
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Top Disability Insurance Myths

As a working professional or business owner you are a prime target for insurance companies selling the latest and greatest “peace of mind” product. It’s important to look past the “feel good” sales tactics and understand what you are really buying. If you are looking to purchase a disability insurance policy, you are looking to…
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How to Build a Competitive Corporate Benefits Package

Successful business owners are often judged on their profitability, sustainability and new products they bring to the marketplace. Another key factor is the health, wellness and overall satisfaction of their employees. Employee happiness is affected by salary, corporate culture, work/life balance and corporate benefits. If you are looking to improve employee satisfaction, productivity and retention;…
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The Biggest Employee Pension Plan Mistakes made by Business Owners

Offering an employee pension plan is a key components to any retention strategy. Whether you offer it to all employees or just executives, thinking that retirement funding is the sole responsibility of the employee is a short-sighted strategy. In the long-term, not having a comprehensive employee retirement package can result in higher turnover rates or…
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Employee Health Benefits – Insider Secrets

Many business owners in Canada have looked to new insurance carriers in order to reduce their premiums. Reducing costs wherever possible is usually a sound business strategy, but how many times have you seen a business owner get hit with a “first renewal” increase on their premiums? Perhaps you were enticed by better employee health…
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Does your Business Appeal to Millennials?

Millennials are defined as anyone born between 1980 and the year 2000, or anyone drinking a kale smoothie while driving an electric car. What you may not realize is that millennials will make up 50% of the global workforce by the year 2020. This generation will quickly become the trend-setters and most influential portion of…
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Just how dated is your Employee Benefit Package?

Is your employee benefit package looking old, outdated and inefficient? If you are currently offering a traditional employee benefits package that considers all your employee’s needs the same, it may be time to take a more modern approach to employee retention. To start, you should consider one of the many flexible benefit plan options available…
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Out of Country Coverage for your Employees

As a Canadian employer, one of your concerns should be the financial well-being of your employees. After all, employees are much more productive when they aren’t concerned about their personal finances. Work/life balance is also a key component of employee retention. Your employees need to take vacations and travel in order to remain focused when…
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Using Life Insurance to Fund a Buy-Sell Agreement

Just like each individual should have a Will to distribute assets according to their wishes, every business should have a shareholder agreement, also referred to as a buy-sell agreement. A buy-sell agreement provides for the transfer of ownership in case of death, disability, retirement or disagreement. This agreement will help avoid potential disruptions in the…
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