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
A 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
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;