Why you should offer group benefits

 

   They help protect your employees:

Canadians are fortunate enough to have universal healthcare, but it doesn’t cover everything. Providing a comprehensive benefits plan will help ensure both your employees and their dependents are able to get the medical, dental or financial assistance they need when they need it.

 

   They’re cost-effective:

Health and dental benefits are tax-free for employees in most provinces, and they help save your employees their hard-earned money when unexpected health and dental issues arise.

 

   They help protect your business:

If someone becomes sick or injured, the right group benefits plan will help protect your investment. Strong health, dental and income replacement coverage can also help get employees back on their feet quicker if they experience an illness or injury.

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What group benefits are there

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   We offer coverage options designed for the needs of small or large businesses. Our comprehensive employee benefit options can be customized, regardless of the number employees you have, and any premiums you contribute are a deduction against business income. Here are the different types of coverage we offer to help you protect your business, your employees, and their loved ones.

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• Life Insurance – If an employee passes away, this coverage provides a tax-free lump-sum payment.

• Health Insurance – This helps you and your employees pay for a variety of health care expenses.

• Dental Insurance – This protection helps cover a wide range of dental work for you and your employees.

• Key person Coverage – If an essential employee who helps you run your business were to pass away or become disabled, your business would be greatly impacted. This coverage provides you with payment so that you can use towards recruiting and training a new employee in the in term.

• Critical Illness Coverage – If you or one of your employees is diagnosed with a critical illness, this coverage provides a tax-free lump sum payment.

• Income Replacement Benefits – If you or one of your employees suffers an accident or illness, either on or off the job, income replacement act as a safety net to help replace lost income.

• Living Benefit Compensation – This coverage provides financial protection when an accident occurs or contracts a serious illness and is unable to take care of themselves.

• Executive Compensation – This plan helps business owners attract and retain key employees by providing tax-effective financial compensation that goes beyond typical salary payments, including long-term incentives.

• Disability Protection – This coverage provides you or your employees with compensation to pay bills because of an accident or illness. 

• Retirement Benefits – This helps create additional income as government benefits can be limited. 

• Many more services are available.  For more information, contact me today.