How to go about securing the best policy for your insurance in Canada.
Latest News
Compare car insurance quotes from Canadian providers May 11th
Auto Insurance
Compare car insurance quotes from top providers in Canada
In under five minutes, get a personalized car insurance quote from one of Canada’s top providers—free of charge. Just tap the button to get started.
Get a free quote now* .... More »
The biggest car insurance myths, according to experts Oct 31st
The auto insurance world is rife with misconceptions, experts say, and not knowing fact from fiction could end up costing drivers thousands of dollars.
There are several reasons why insurance myths exist, said Steven Harris, licensed insurance broker and LowestRates.ca expert. “(Insurance.... More »
Compare auto insurance quotes for Toronto Dec 18th
Congratulations! You’ve shopped around and found the car or truck you love. But you’ll need insurance before you drive it off the lot—it’s required in Canada. And when it comes to getting a great insurance rate, it pays to comparison shop, as it does with any major purchase.
Want to.... More »
The best credit card travel perks in Canada Aug 4th
A lot of attention is given to travel credit card rewards, but what about advertised perks? These might seem like small benefits, but the value of these perks can really add up if you’ve got a great card.
We’ll help you navigate the most useful credit card travel perks and help you decide if .... More »
42% of Canadians don’t have life insurance—are you one of them? Sep 13th
September is life insurance awareness month, and a new report from digital insurance provider PolicyMe in partnership with Angus Reid is spotlighting a concerning gap in coverage among Canadians. The culprits? Affordability concerns, medical requirements, and mistrust of the insurance industry, acco.... More »
Choosing a Group Benefits Advisor
– life-insurance-quotes.ca
How Getting a Group Benefits Plan Works
A company that is looking for a benefits plan engages an advisor (e.g. a broker or agent) who then submits that company’s details to several insurance companies for a quote. (An experienced advisor will know which insurance companies are best suited for that particular company’s details).
It is then the job of the advisor to present the resulting quotes to the employer along with a recommendation of which group benefits plan that company should choose.
Of course, the cheaper the insurance premiums are, the more attractive that plan is to a company. There are also other factors to be considered, though, such as the types of coverage, the amount of coverage, and annual maximums.
What many employers may not realize is that getting having multiple brokers advising them actually comes with significant pitfalls!
Pitfalls of Having Multiple Group Benefits Advisors
Oftentimes an employer will get multiple insurance advisors involved with getting them a group benefits plan…
