Ontario is grappling with a severe shortage of highly skilled workers – recent stats indicate approximately 50,000 more skilled workers are needed.
A comprehensive group plan can help retain and attract skilled workers, increasing worker retention and your company’s profitability.
RBC Insurance has added life insurance to its lineup of Guaranteed Standard Issue (GSI) contracts. GSI coverage is unique in that allows the product to be underwritten as a group policy, but has the characteristics of an individual insurance policy.
RBC Insurance is the only insurance company in Canada to offer the GSI program for:
Let’s take a closer look at the ins and outs of GSI coverage:
Group critical illness coverage, whether in the traditional format or a GSI basis, can be particularly attractive to employers and employees because it fills the gap prevalent in most employee benefit plans. RBC Insurance’s plan provides a lump payment after the insured is diagnosed and survives one of twenty-one different critical illnesses.
The Group Benefits lump payment can be used for diverse purposes
The bottom line – most people are not prepared for the emotional and financial challenges that come with surviving cancer or a heart attack. Critical illness insurance gives the insured additional financial flexibility so they can focus on their recovery.
RBC Insurance’s GSI programs offer an innovative approach to enhance existing employee benefits plans. The premiums can sometimes be higher for companies where most individuals are in exceptionally good health – not the best policy for a fitness studio group plan.
For more more details please contact us at 1.866.899.4849 or visit on-line group insurance quotes.
If we have group life insurance with our company and RBC is there a method of transfering the insurance at retirement or a portion of this with out medical
Thanks Jacques. Most group policies including RBC’s have a group conversion option which allows you to convert your coverage with a medical. TA buffer is built into the pricing.
RBC’s GSI plans allow for portable coverage so you can maintain the existing term of the policy.
Hi Sholly,
Thanks for the note. I am happt to help out and will send you a separate email shortly. Best Regards … Lorne
I would like to have some information regarding group health benefits for myself, my husband and two kids. Both of us are unemployed and we have no coverage, looking for something reasonable.
Thanks,
Sholly