Nov
The Importance Of Individual Insurance
Life can change in an instant – you want to be best prepared for life’s many uncertainties. Most people know about insurance – as it’s everywhere – auto insurance, life insurance, mortgage insurance, home insurance – the list goes on and on, but not everyone knows exactly what these types of insurance actually cover, how they work and how they can help you. Let’s start off by answering the most important questions: What is insurance? It’s risk coverage – it can be purchased by a company or a person. What does it cover? These days there is insurance coverage for just about anything. Why is it important? It is extremely valuable and important to companies, individuals and society in general. For an individual, insurance is…
Nov
3 Employee Benefit Trends We Saw In 2015
Whether you are an employer or employee, you probably know the importance and value of a good employee benefits plan. Employers offering benefit plans want their employees to have a higher level of amenities and advantages available to them, which will set them up for success. But sometimes, employees want to make their own decisions, and as such we have seen some changes in employee benefit plans landscape. Highlighted below are the top 3 trends: Wellness programs are becoming increasingly popular. If you have a well designed and properly administered program, it can help reduce employer premiums and help to promote a productive and healthy workforce. Employees who feel better work better. It is a good idea to start looking into wellness plans that will…
Nov
Latest Trends In Retirement Plans
Having a decent income is key to having a good and healthy retirement. Whether you worked a high, middle or low income job, it is important that older adults are not struggling to cover the basic necessities such as food and housing. The province of Ontario will be introducing the Ontario Retirement Pension Plan (ORPP) in 2017 that will help to supplement the Canadian Pension Plan by replacing about 15% of a person’s earnings to a maximum of $90,000 for people who do not have a pension plan provided by their employer. This move will help low- to middle-income families to have access to a better future and a better income plan in retirement. As the province will be rolling that out soon, it is…
Nov
It’s Life Insurance Awareness Month! What Does That Mean For Your Business?
Celebrate Life Insurance Awareness Month by educating your employees on the many benefits of life insurance. Life insurance isn’t simple; there are many elements that must be examined carefully in order to get the right type of insurance and the right amount of coverage. It is important as an employer to provide your employee with peace of mind and the best options for insurance. There seem to be a lot of misconceptions about how life insurance works, so during this month is the perfect time to talk about these things and clear them up for good to better help your employees, and in turn better help your business. Let’s start by talking about some of the common situations you may be faced with: “I’m single…
