Your Friend With Benefits®

What can my group employee insurance plan include?

Life insurance

Life insurance is a common benefit inside of group insurance plans. This type of benefit is usually an attractive benefit to have for the employees. This benefit can be extremely affordable and it can usually fill a basic need for the employees.

You can customize your plan to have a basic amount of coverage or to have a comprehensive amount of life insurance coverage. The recommendation we make will vary on a case by case basis.

For a strategic assessment on your requirements, please never hesitate to Contact us so we can have a quick chat about how we can add value to your organization.

Group dependent life insurance

Dependant life insurance is life insurance for the dependants of the employee. If an employee enrolls into the plan as couple coverage or family coverage, then dependant life insurance – if selected – can be available for the spouse and dependent children of the employee. This type of benefit can be included inside of your group plan. You may customize the amount of insurance included.

Accidental death and dismemberment insurance

The Accidental Death & Dismemberment (AD&D) benefit provides protection in the event that a plan member incurs a loss of use of: life, limb, sight, hearing, and/or speech due to an accidental injury. Accidental Death & Dismemberment is also referred to as double indemnity insurance as it doubles the benefit for plan members who die as a result of an accident.

For a strategic assessment on your requirements, please never hesitate to Contact us so we can have a quick chat about how we can add value to your organization.

Short-term disability insurance

The Short-Term Disability benefit is designed to compensate an employee for income lost as a result of short-term absences from work from an accident of sickness.

Long-term disability insurance

Your group insurance plan can be strategically designed for the benefit of your employees if you’re working with a great broker. Often people know what they want but don’t know what they need and this is why our relationship modelis so important.

Some employees will tell me that they prefer to have vision coverage or other types of coverage more than disability coverage because it’s something they can actually use. Disability coverage is not a benefit an employee may often consider but it is remarkably important. An employee’s ability to produce an income is probably their greatest asset. If you calculate what an employee makes per year multiplied by how many more years they intend to work, that’s what they stand to risk without some sort of protection of their earnings. You may choose to include or not include the coverage for your staff and this benefit can also be customizable.

If your plan currently has a disability benefit which your employee’s don’t value, it’s probably because you haven’t had the benefit of having an employee presentation – an advantage to working with Your Friend With Benefits Inc.

Extended healthcare

Extended health care benefits are designed to supplement existing provincial medical insurance plans. This benefit provides a reimbursement of expenses and services which are not covered by existing government plans.

Extended health care benefits can include several categories of benefits. Such as prescription drugs, vision, paramedical services, travel insurance and other medical supplies and equipment.

Dental care insurance

The type and scope of dental services covered under a plan can vary. Dental Services are generally grouped into three major categories: Basic, Major Restorative and Orthodontics.

Having a dental plan is an optional benefit. It is the most commonly used benefit in a group insurance plan.Determining what type of dental plan you should provide to your staff will require strategy and even perhaps an employee survey. A great broker will design this type of benefit while strategically considering the potential renewals.