Key person insurance is a life insurance policy maintained by the company on the life of an important partner or employee. It provides funds to partially offset the economic cost to the company of losing such an employee.

Buy-sell insurance provides the funds for surviving shareholders/partners to purchase the shares/interest of a decreased shareholder/partner, usually from the deceased's estate or family. Make Buy/Sell insurance part of your business plan to secure the future of your business.

Today’s workforce has changed drastically and it is challenging to find valuable employees who will stay committed to your business for the long term and continue to contribute to your organization in a positive manner. One of the best methods for attracting, retaining, and showing your existing employees that you care about them and their families is to provide them with a comprehensive group insurance program.

Employees normally share in the cost of a Group Insurance program to assure stability and the future of it’s existence. With the boomers aging, stress is on the medical system thus Canada is moving more and more towards a system comparable to the United States. Those whom are proactive will save thousands of dollars and succeed in budgeting targets.

Click here to read in detail complete list of different types of group insurance plans available with us.

DPSP is an employer-sponsored Canadian profit sharing plan that is registered with the Canadian Revenue Agency. On a periodic basis, the employer shares the profits made from the business with all employees or a designated group of employees. Employees receiving a share of the profits paid out by the employer do not have to pay federal taxes on the money received from the DPSP until it is withdrawn.

Group Registered Education Savings Plan i.e. RESPs are one of the most desired benefits an organization can offer its employees. An RESP can help your employees achieve one of their biggest ambitions i.e. to see their children enjoy the advantages of a post-secondary education. Remember, satisfaction of needs simply increases their retention by the company. Best advantage of Group RESP is that the contributions are made through payroll deductions, which helps employees save that money before it is spend. There are many other benefits associated with RESPs.

In a group RRSP, an employer arranges for employees to make contributions, as they wish, through a schedule of regular payroll deductions. The employee can decide the size of contribution per year and the employer will deduct an amount accordingly and submit it to the investment manager selected to administer the group account. The contribution is then deposited into the employee's individual account and invested as specified. Also read Individual RRSP.

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