Group Insurance
Life insurance is a contract between an insurer and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured dies in exchange for the premiums paid by the policyholder during their lifetime.
The advantages of a Canada Life benefits plan
In a competitive job market a group benefits plan is a great way to separate yourself from the competition. A benefits plan can help retain staff, improve morale and productivity, and keep your employees healthy and at work.
The advantages of a Canada Life benefits plan
A group benefits plan helps employees cover the cost of  things that provincial health care plans may not pay for, including certain prescription drugs, dental, hospital, vision, paramedical and ambulance services. You can also combine your group benefits plan with a retirement and savings plan to help your employees reach their financial and retirement goals. 
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Why offer a benefits plan?
Benefits for your employees
- Employees can get coverage at a reduced cost compared to most personal plans
- Help protect your employees and their family’s health
- Help reduce financial stress if something happens
Benefits for your company
- Help improve morale and increase productivity
- Can be less expensive than providing salary increases as there are no additional increases in CPP, EI or Workers’ Compensation rates
- Premiums paid on group benefits can be written off as a business expense
- Maintain a competitive edge in the job market
- Attract and keep key employees