Why Group Insurance?

• 1. Life Insurance provides a corporate policy in the event of an employee’s death.

• 2. Accidental Death and Dismemberment benefit provides a lump sum payment to ease changes in lifestyle as well as unexpected deaths.

• 3. Disability coverage initiates a corporate policy in the event of an injury of illness.

• 4. Provides 24-hour coverage for all benefits, including disability insurance.

• 5. Health and dental coverage.

• 6. Provides Out-of-Country emergency care for business or pleasure, so the need for individual travel insurance is reduced.

• 7. Drug coverage is available by submission of receipts or through pay-direct drug cards.

• 8. Employee Assistance Programs provide 24-hour counselling services.

• 9. For groups of five or more lives, employees are given guaranteed levels of coverage without having to submit medical evidence.

• 10. Conversion privileges are available for both life and disability products.

• 11. Provides a tax-deductible alternative to a raise in pay.

• 12. Less expensive than a raise because there are no additional increases in CPP, EI or WCB payments.

• 13. Helps attract and retain key employees.

• 14. Increases productivity and the quality of employees’ work.

• 15. Healthier employees reduce turnover and absenteeism.

• 16. Group insurance is an investment in a company’s well-being, rather than an expense.

• 17. Increases morale.

• 18. Plans can be designed to assist in achieving corporate goals and objectives.

• 19. Employees and employers receive benefits without having to belong to an association, where membership fees are usually required.

• 20. Employees and their families are protected against devastating and catastrophic events.