We’re all familiar with the saying popularized by Alexander Pope’s poetry. We deploy the phrase when we’ve heard something on the news, or read a concept in a book, perhaps it’s a niche part of your industry, but not something that you specialize in. Like the phrase...
Data support this; “Your best worker didn’t leave for money. They left for better benefits.” Now what are you going to do about this to prevent it from happening again to your next best hire? Consider that in Canada, an employee group benefit plan typically accounts...
Too many times, when it comes to measuring what makes a good benefit plan, the only data used are the rates. This leads to false conclusions and the deterioration of coverage. How easy would the job of the consultant be if the conversation began and ended with...
If I were to break down, in the simplest of terms possible, the “why” people purchase insurance—any insurance—it would be to pay the claim IF a covered event/risk happens. Sure, the purpose of insurance is to mitigate risk: · Risk of loss of life · Risk of...
Daily, as a plan administrator, you juggle many tasks. Imagine, you’re right in the middle of a project, focused on the outcome. Then, a staff member knocks on the door with a question pertaining to the benefit plan. It’s an interesting question, but you don’t know...
Regardless of the plan, the favourable taxation is the leading advantage for implementing a flexible employee group benefit: · 100% corporate tax deduction · Non-taxable to employees at the time of claim However, for certain insurance lines, this requires...
