How to go about securing the best policy for your insurance in Canada.
Latest News
New study shows life insurance coverage is up, but confidence is down + MORE Sep 6th
September marks Life Insurance Awareness Month, so it’s fitting to dive into PolicyMe’s second annual life insurance report. The 2026 Life Insurance Gap Report, produced in partnership with Angus Reid, looked at the responses of over 1,500 adults asked about life insurance coverage and barriers .... More »
California bear-suit luxury car scam ends in insurance fraud sentences for 3 Apr 18th
LOS ANGELES (AP) — Three people in California have been sentenced for insurance fraud in a bizarre scam that involved someone dressed in a bear costume damaging luxury cars..... More »
Condo maintenance fees: How much is too much? Jun 29th
Condos are a popular choice for many first-time homebuyers owing to their lower price point and access to amenities such as gyms and pools. But as well as a mortgage, condo owners are responsible for monthly maintenance fees that support operating costs for the building, among other aspects, and it&.... 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 »
American Express Cobalt review + MORE Dec 15th
If you know you want an American Express credit card, you’ve probably been referred to the Cobalt credit card. The Cobalt combines high earn rates for everyday purchases with a great insurance package and the ability to put points towards travel for high value. In this American Express Cobalt revi.... 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…
