How to go about securing the best policy for your insurance in Canada.
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Rental car insurance is a travel insurance benefit included with many premium credit cards. Understanding credit card rental car insurance can give you peace of mind and save you money the next time you hit the road. Let’s dive into the best credit cards with rental car insurance coverage in Canad.... More »
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Canadian home owners are increasingly adding flood coverage to their insurance policies as extreme weather events become more common, according to the Insurance Bureau of Canada.
And after Tuesday’s intense bout of flash flooding in southern Ontario, some residents may be finding out the hard w.... More »
Does it make sense for a young person to have life insurance? Nov 24th
Buying life insurance in your 20s can feel like an added cost to an already long list of expenses. But experts say it can safeguard loved ones if life doesn’t go as planned.
Do young Canadians need life insurance?
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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.
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Do affordable starter cars still exist? Jan 23rd
“There’s no such thing as a starter brand new car anymore,” said Michael Bettencourt, a longtime auto journalist and co-author of an upcoming book on buying an electric vehicle in Canada. He is also a father to a 17- and 20-year old—the latter of whom will be shopping for a car soon.
Wi.... 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…
