Group insurance: be careful, you need the right insurance guarantees!
We all know that group insurance at work is an important part that our employer deducts from each of our pays to be able to pay for these fringe benefits. However, it is always surprising to note that certain group insurance programs held for several years by certain employers are totally obsolete.
Indeed, some small and medium-sized enterprises (SMEs) end up with guarantees such as the loss of an inch or an ear when they are all office workers! Others have basic dental coverage covering only cleanings and fillings, while the group's average age is nearly 60 and many "wear" dentures. So you can imagine that the administration of group insurance is done quite oddly within these companies.
group-insurance-guarantees
Since 2001, we have helped more than 1,300 Quebec and Canadian companies find their group insurance product at the best price!
Through these images, you certainly understand that the group insurance held must be adjusted according to the needs of employees. Imagine a lady whose child (or spouse) has a serious illness such as cancer. Would this employee be paid by temporarily quitting her job for a few months (or even a year) to care for her child (or her spouse)? It depends on the guarantees of your group insurance.
If the critical illness insurance coverage were added to the group insurance plan, this lady could receive, under certain plans and guarantees, an amount equivalent to once her minimum wage, and this, non-taxable. Then she could concentrate on the essentials of taking care of her small family.
Talk to those who have been treated for cancer (chemotherapy or radiation therapy) and they all will happily tell you that they weren't struggling with financial worries too! This is by far your best guarantee to convince you that having critical illness insurance is essential.
Let us validate the group insurance pricing for your group of employees through
Post a Comment