How to go about securing the best policy for your insurance in Canada.
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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…
