Allstate Benefits is rolling out its critical illness coverage with medical care support services for Canadian employers and employees. When a plan member is diagnosed with a covered critical illness, they receive a cash benefit based on the percentage payable for that condition. The cash benefit can be used for any example; for instance, to cover […]
Starbucks Coffee Company is introducing critical illness insurance plans for parents of full-time employees in mainland China beginning June 1, 2017. “Supporting critical illnesses for aging parents exemplifies what we believe is our responsibility as a global public company and honors the family values deeply-rooted in the Chinese culture,” said Howard Schultz, executive chairman of […]
Many employees know the value of taking part in their company-sponsored savings plan but unfortunately not enough. They know it’s a valuable tool to help them grow their retirement savings and prepare them for the day they will need to draw on those savings. Many company-sponsored plans are a good start for retirement savings but need to be supplemented with personal saving outside of the plan.
The Empire Life Insurance Company has partnered with MedExtra Inc. to provide a health concierge service to customers who add Empire Life group critical illness to their benefits plans. The service complements Empire Life’s group critical illness insurance. Read: Are traditional benefits good enough? “Being told you have a serious illness is frightening. Having someone […]
Manulife Insurance has altered its Lifecheque Critical Illness offering.
Desjardins Financial Security has launched a new critical illness insurance product for employers who want to help their employees cope with the financial stress related to health problems.
The Empire Life Insurance Company has enhanced its Vital Assist Health Benefit, a critical illness product that provides financial assistance to employees diagnosed with a serious illness.
Equitable Life of Canada has announced it has teamed up with insurance firm ACE Canada to offer group critical illness coverage to plan members. “Being diagnosed with, and surviving, a serious illness or injury can just be the start of challenges for plan members,” explains Karen Mason, senior vice-president, group, with Equitable Life. “Group critical […]
Canadians appear more confident about their ability to physically survive a critical illness, than survive its impact on their net worth. According to Desjardins Financial Security Health Survey, close to two-thirds of Canadians are confident they would survive a critical illness, while 67% say it would render them financially vulnerable and they would likely need […]