Employee Benefits FAQ
• What sort of
medical evidence is required?
• What payment options are available?
• Which insurance companies can I purchase group benefits from?
• How soon can my employee benefits coverage start?
• What happens if I get two group insurance quotes and want to purchase online?
• How do I know if my data is being encrypted?
• When should I cancel my existing employee benefits policy?
- You can search our insurance blog for answers -
What sort of medical evidence is required?
Medical evidence is not required for standard group benefit insurance packages unless the non-evidence limit is exceeded (i.e. a large amount of insurance is purchased). The non-evidence limit varies from insurance company to company and is approximately $1500/month for Long Term Disability and $50,000/per person for life insurance. Generally speaking, the larger the group the higher the non-evidence limit.
You can either have your insurance company bill you monthly or set up a pre-authorized payment plan. The availability of a pre-authorized payment plan varies by insurance company and the size of the group.
We are a full-fledged broker, and as such we quote from leading Canadian insurance companies that offer group benefits.
The following are just some of these leading carriers.
• Manulife Financial
• Empire Life
• Great West Life
• Sun Life
Coverage usually commences on the first day of the next month, provided a cheque for the first months premium has been received and all enrollment and application forms have been approved.**
If you submit more than one Quick Quote then you will need to confirm with one of our brokers which plan you want to go with before purchasing online.
When obtaining a Quick Quote or purchasing benefits online your browser (e.g. Internet Explorer or Netscape Navigator) should display a lock in the bottom right-hand corner. When SSL (Secure Sockets Layer, which provides the encryption) is being utilized this lock will be closed (i.e. locked).
** Under no circumstances should you cancel any existing insurance policy until you have received written approval from your new insurance carrier.