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Posts from the ‘Group Benefits’ Category

21
Mar

Employers tweaking corporate health plans to appeal to millennial workers

During his three-year tenure as a financial analyst at one of Canada’s biggest banks, Devon Wright never once used his company health plan.

“There was just nothing there that was of any interest to me,” says Wright, 28.

So when Wright quit his job in 2012 to launch technology company Turnstyle Solutions, he decided to create a benefits package tailored to his needs. Read more »

14
Sep

What stops small businesses from offering benefits?

well-designed group benefits plan can be critical to attracting and retaining the right talent, as well as keeping employees healthy and productive at work.

But for small employers, offering a benefits plan is easier said than done.

While many small business owners want to provide their employees with some degree of coverage, obstacles stand in the way. As a result, many of the almost eight million Canadians who work at a small business are left without coverage, according to 2013 government stats. Read more »

11
Jun

Workers unprepared for financial impact of disabilities

Most Canadian workers would suffer severe financial hardship if they were forced out of work with a disability.

In fact, 76% believe that should they become disabled and unable to work for three months, there would be serious financial implications for their family, such as significant debt or an impact on retirement plans, finds an RBC Insurance survey.

Despite the concern, only 27% have discussed how a disability would financially impact their family. This number does not increase substantially among workers who’ve indicated that they’ve taken time off in the past because of a disability (33%).

Read more

 

Used with permission from Benefits Canada Magazine
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15
Mar

Group Insurance – Only Part of the Solution

Ownership of individual life insurance at its lowest level in 30 years

The Life Insurance and Market Research Association (LIMRA) 2013 study shines a light on a developing problem for Canadian households:

  • Individual ownership of Life Insurance was at its lowest level in 30 years;
  • 3 in 10 households did not have individual life insurance at all;

Read more »