Employee Group Benefits is definitely my preferred type of insurance.
The main reason for this is that Group Insurance reaches out and
covers a lot of people that otherwise would never benefit from
insurance coverage.
Group Insurance includes:
  • Life insurance (fixed amount or based on annual earnings);
  • Accidental Death and Dismemberment Insurance (usually
    the same amount as the Life Insurance);
  • Extended Health Coverage (medical services not covered by
    the provincial health plan OHIP, like prescription drugs,
    chiropractors, massages, podiatrists, vision care and many
    others);
  • Dental Coverage;
  • Short Term Disability and
  • Long Term Disability.
In addition to the great importance to have this comprehensive
coverage
for yourself and your family another great feature is that
the premiums for the insurance are paid by the company and are
deducted from the company's income as
tax deductible expense,
and they are
not a taxable benefit to the employee. It means that if
you are the owner of a business, where the only two employees are
you and your wife, instead of drawing money from the business,
paying taxes on it and then paying your dental bills, you could buy
Group Insurance, pay the premiums from the business as a tax
deductible expense and the insurance will cover your dental bills. I
repeat, the premium paid by the business is not a taxable benefit to
you. The tax saving goes directly into your pocket.
I can offer you Group Coverage from the largest insurance company
in Canada - Manulife Financial. If you take some time to view this
presentation you will understand why. Click here to ask for Group
Insurance quote. You may download the
Request for Quotation Form
to familiarize yourself with the existing options and fill it to speed up
the application process.
Employee
Group
Benefits
Always ask for the best!
My recommendations are based on plans
offered by Manulife Financial