Offering Group Health Benefits for Your Employees

When you are small or medium sized business owner, and you want to go a little further for your employees, your first look should be towards offering group health benefits for your employees. Traditional health and dental insurance is not actually “insurance” because employers indirectly pay the health and dental claims. Typically, a life insurance company will charge the difference between the premiums and the claims, but there is a unique program available to Canadians where the administration costs is a percentage of claims and a flat monthly fee per employee, which makes it substantially less money than traditional insurance- and it still offers you great coverage.


Offering group health insurance is a wonderful incentive for keeping your currently employees happy, as well as attracting potential candidates for future positions. With today’s economy, many small and medium sized businesses do not believe they can afford health benefits for their employees because they are only aware of traditional benefit plans. Offering benefits to employees can often be the defining factor for your company when a job candidate is being offered a position as individual health coverage is significantly more expensive for the consumer. Ask your group health broker about Ten Star’s Group Plus and discover how you can offer more, for less.


When discussing insurance options with your broker, prepare a short list of questions before arriving. Finding a knowledgeable broker with experience dealing with the type of insurance you need can help you in the long run, so remember to take your time when finding the most appropriate broker for your needs.

Group Health Benefits: It’s What Your Employees Want

When you are small or medium sized business owner, and you want to go a little further for your employees, your first look should be towards offering group health benefits for your employees. Traditional health and dental insurance is not actually “insurance” because employers indirectly pay the health and dental claims. Typically, a life insurance company will charge the difference between the premiums and the claims, but there is a unique program available to Canadians where the administration costs is a percentage of claims and a flat monthly fee per employee, which makes it substantially less money than traditional insurance- and it still offers you great coverage.

 

Why Offer Group Health Benefits?

When you offer your employees a plan for group health benefits in Ontario, you are introducing another factor towards employment longevity, and introducing a defining factor for attracting potential candidates for future positions. Many small and medium sized businesses do not believe they can afford health benefits for their employees because of today’s economy and because they are only aware of traditional benefit plans which is often very expensive. But individual health coverage is significantly more expensive for the consumer, and including this as an employee benefit can go a long way to boost employee morale and retention. Typically, a life insurance company will charge the difference between the premiums and the claims, but there is a unique program available to Canadians where the administration costs is a percentage of claims and a flat monthly fee per employee, which makes it substantially less money than traditional insurance- and it still offers you great coverage. Ask your group health broker about TEN STAR’s Group Plus and discover how you can offer more, for less.

Choosing a Group Health Benefit Specialist in Ontario

When you need to choose a group health specialist, there are a few ways to find an efficient and friendly broker who will find the most cost effective solution for your needs.

• Recommendations: Ask around and see if your friends or family members have spoken with a group health broker recently
• Proximity: If you pass by a brokerage near your home, or workplace, they may group health insurance policies. Walking in and asking questions are great first steps with deciding.
• Online reviews: Just like restaurants, products, and movies, you will probably be able to find a review of a great broker nearest you

 

Finding Group Health Benefit Plans

When discussing insurance options with your broker, prepare a short list of questions before arriving. Finding a knowledgeable broker with experience dealing with the type of insurance you need can help you in the long run, so remember to take your time when finding the most appropriate broker for your needs. As many policies vary, it is important to create a dialog with your broker and openly discuss all variable options. A great broker should be able to clearly explain and review the pros and cons of policy modifications with you, allowing you have an easier understanding of exactly what your employees will be receiving.

Critical Illness Protection: Insurance You Can Rely On

Cancer, strokes- a critical illness can happen at any time. Critical illness protection is designed to help financially when you need it the most. Finding the best coverage now can dramatically affect your financial stability later on. What can you do to make sure you get the best and most affordable coverage?

What is Critical Illness Protection?

A critical illness protection policy is an insurance policy to protect yourself and your loved ones should you get a critical illness. Having a stroke or being diagnosed with cancer can happen at any time, but if you are protected, the insurance company will provide you with a lump sum payment if you suffer from a covered illness. The lump sum payment can be used towards private nursing, personal medical equipment, debt re-payment, and also loss of income. If you purchase critical illness insurance, for a specified period of time, your premium remains the same for the extent of your CI insurance.

Critical Illness Protection Policies

Policies with insurance companies regarding critical illness protection do very from provider to provider. However, these insurance policies can often be customized specifically to your needs and concerns. Some illnesses may not be covered out of the box, although typical covered conditions are: cancer, heart attacks, strokes, blindness, Alzheimer’s, multiple sclerosis, organ transplants, kidney failure, and paralysis.

Finding Critical Illness Protection Coverage

When discussing insurance options with your broker, prepare a short list of questions before arriving. Finding a knowledgeable broker with experience dealing with the type of insurance you need can help you in the long run, so remember to take your time when finding the most appropriate broker for your needs.

Long Term Care Insurance in Ontario: What to Consider

You have spent the majority of your life working hard to achieve your personal and financial goals. After many years on the job, you are closer to retiring on a tropical beach. Unfortunately, the reality is that most of us have a very good chance that our or our spouse’s health will change during our retirement years, and will require nursing or long term care. Are you prepared with protection for your retirement stability?

What is Long Term Care Insurance?

Long term care insurance in Ontario is a type of insurance developed specifically to cover the costs of long-term care services. Services may include in-home assistance with daily living activities, as well as care in facilities and retirement homes.

Long Term Care Facility

Provincially subsidized long term care facilities in Ontario cost approximately $2, 800 per month, but often have long waiting lists and are only able to house you when a bed is available. These select facilities may also be a long distance away from your friends and relatives. Privately ran long term care facilities may cost in the range of $5,000 to $10,000 per month! If you are diagnosed with Alzheimer’s disease, your life expectancy is 10 years. Without long term care insurance in Canada, caring for a loved one for this time could be financially devastating.

Start Planning for Long Term Care

When discussing insurance options with your broker, prepare a short list of questions before arriving. Finding a knowledgeable broker with experience dealing with the type of insurance you need can help you in the long run, so remember to take your time when finding the most appropriate broker for your needs.

Life Insurance: Honest Brokerages in Canada

There are a number of life insurance brokerages in Canada, so how can you choose an honest brokerage to deal with when planning for your future, and the future of your family? There are a few simple steps you can follow to help assure yourself that you are dealing with an experienced and trustworthy brokerage. What can you do to find an honest life insurance brokerage?

Types of Life Insurance Brokerages

Many brokerages specialize in different types of insurance, and even different types of life insurance which is commonly placed under the ‘life insurance’ umbrella. For instance, there are life insurance policies like mortgage life insurance, critical illness protection, and term life insurance, which are different policies but are referred to by the same common term.

How Can I Find An Honest Life Insurance Brokerage?

When you need to find a life insurance brokerage, there are a few ways to find an honest and friendly brokerage which will find the most cost effective solution for your needs.

• Recommendations: Ask around and see if your friends or family members have spoken with a life insurance brokerage recently
• Proximity: If you pass by a brokerage near your home, or workplace, they may offer the type of life insurance you are looking for. Walking in and asking questions are great first steps with deciding.
• Online reviews and testimonials: Just like restaurants, products, and movies, you will probably be able to find a review of a brokerage nearest you online

Getting the Best Rates from Your Life Insurance Brokerage

When discussing options at your life insurance brokerage, prepare a short list of questions to ask before arriving to your initial appointment. Finding a knowledgeable brokerage with experience dealing with the type of insurance you need can help you in the long run, so remember to take your time when finding the most appropriate brokerage for your needs. Getting life insurance coverage is an important process, so take comfort in knowing that you and your loved ones will be protected.

Group Health Insurance: Finding Cheap Quotes

When you are in charge of a small or medium-sized business, offering your employees an added incentive for their commitment to your shared business goals can be a fantastic way to improve the longevity and productivity of your staff.

What is Group Health Insurance?

Individual health insurance coverage is significantly more expensive for the consumer than group health insurance policies. Typically, a life insurance company will charge the difference between the premiums and the claims, but there is a unique program available to Canadians where the administration costs is a percentage of claims and a flat monthly fee per employee, which makes it substantially less money than traditional insurance- and it still offers you great coverage.  Ask your group health insurance broker about Ten Star’s Group Plus and discover how you can offer more, for less.

Finding Cheap Group Health Insurance Quotes

When discussing insurance options with your broker, prepare a short list of questions before arriving. Finding a knowledgeable broker with experience dealing with the type of insurance you need can help you in the long run, so remember to take your time when finding the most appropriate broker for your needs.
Offering group health insurance is a wonderful incentive for keeping your currently employees happy, as well as attracting potential candidates for future positions. With today’s economy, many small and medium sized businesses do not believe they can afford health benefits for their employees because they are only aware of traditional benefit plans. Contact Ten Star today for a custom quote!

Group Life Insurance: How do you Rate your Coverage?

Group Life Insurance: How do you Rate your Coverage?

If you have group life insurance in Ontario, how would you rate your coverage with out of 10? What if you do not have it at all? Group life insurance can be a great way to get the coverage you need for yourself and your employees, and save a lot of money along with way by benefiting from group rates.

What is Group Life Insurance?

Obtaining a group life insurance policy is slightly different than getting a policy for an individual. A group policy, usually issued to a group of employees, puts multiple people under a single master policy. This is often used by employers or association members. Offering group life insurance and other group health benefits can an effective perk for attracting and retaining employees.

Finding a Group Life Insurance Broker in Ontario

When you need to find an Ontario broker for group life insurance, there are a few ways to find an efficient and friendly broker who will find the most cost effective solution for your needs.

• Recommendations: Ask around and see if your friends or family members have spoken with a group life insurance broker recently
• Proximity: If you pass by a brokerage near your home, or workplace, they may offer group life insurance policies. Walking in and asking questions are great first steps with deciding.
• Online reviews: Just like restaurants, products, and movies, you will probably be able to find a review of a broker nearest you
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Getting an Inexpensive Group Life Insurance Policy

When discussing policies with your group life insurance broker, it is best to prepare a short list of questions before meeting. Finding a knowledgeable broker with experience dealing with the type of insurance you need can help you in the long run, so remember to take your time when finding the most appropriate broker for your needs.

Group Life Insurance: is it worth it?

A common employee benefit in Canada is group life insurance. The increased savings available at group rates is a good opportunity to offer more for your employees; individual life insurance policies are often much more expensive.

What is Group Life Insurance?

When a company or association insurances a number of related people under a life insurance policy, insurance companies will refer to this as group life insurance. Many policy holders often find one of the main perks of getting group life insurance is medical examinations are usually not required. For more info, see Wikipedia's article on life insurance.

Finding a Group Life Insurance Broker

When you need to find a broker for group life insurance, there are a few ways to find an efficient and friendly broker who will find the most cost effective solution for your needs.

• Recommendations: Ask around and see if your friends or family members have spoken with a group life insurance broker recently
• Proximity: If you pass by a brokerage near your home, or workplace, they may offer group life insurance policies. Walking in and asking questions are great first steps with deciding.
• Online reviews: Just like restaurants, products, and movies, you will probably be able to find a review of a broker nearest you

Getting the Best Rates for Group Life Insurance

When discussing options with your group life insurance broker, it is best to prepare a short list of questions before arriving. Finding a knowledgeable broker with experience dealing with the type of insurance you need can help you in the long run, so remember to take your time when finding the most appropriate broker for your needs.

Life Insurance Brokers 101

Ontario Life Insurance Brokers: What You Need To Know

Purchasing a life insurance policy for yourself or a loved one is an important and serious process. We do not often like to think about worst case scenarios in respect to the health of our friends and family, but proper preparation is important. Speaking to brokers about life insurance policies can be easy if you take a moment to understand the various options available. Finding a great broker with a wealth of knowledge and experience can be easy if you know the best steps to take when searching for your best match.

Types of Life Insurance Policies

There are many types of life insurance policies in Ontario, and types of insurance which are very similar to what is commonly referred to as simply “life insurance”. For instance, there are life insurance policies like mortgage life insurance, and term life insurance, which are different policies but are referred to by the same common term. It is important that you speak with your broker when discovering which policy works best for your needs, so that you know exactly what coverage you are getting. Doing your own research online is always a great start, and is especially helpful to do so, prior to your first discussion with your broker. To make the best out of your initial meeting, having your pending questions immediately answered will make you feel a lot more comfortable and informed during your decision process. With the numerous aspects to a life insurance policy, an educated conversation with your broker can only work to your benefit.

Finding a Life Insurance Broker

When you need to find a life insurance broker, there are a few ways to find an efficient and friendly broker who will find the most cost effective solution for your needs.

• Recommendations: Ask around and see if your friends or family members have spoken with a life insurance broker recently.
• Proximity: If you pass by a brokerage near your home, or workplace, they may offer the type of life insurance you are looking for. Walking in and asking questions are great first steps with deciding.
• Online reviews: Just like restaurants, products, and movies, you will probably be able to find a review of a broker nearest you.

Getting the Best Rates from Your Ontario Life Insurance Broker

When discussing options with your life insurance broker, prepare a short list of questions before arriving. Finding a knowledgeable broker with experience dealing with the type of insurance you need can help you in the long run, so remember to take your time when finding the most appropriate broker for your needs. Getting life insurance coverage is an important process, so take comfort in knowing that you and your loved ones will be protected. A great broker should be able to clearly explain and review the pros and cons of policy modifications with you, allowing you have an easier understanding of exactly what you will be covered for.

Free life insurance calculator at www.TenStar.ca