Association Group Insurance Policies

Association group insurance plan covers small and medium businesses across Canada. Their clients include one-person firms, home-based businesses and small to mid size firms. The plan can offer several unique value-added features including:

1. Pooled benefits, which stabilize your firm’s rates of renewal.

2. Coverage is generally guaranteed renewable.

3. Most plans provide a toll free customer service center toll-free. This may be a disadvantage depending on your experience with call centre.  Group plans sold through a broker allow for one on one service for complex issues

An association group plan benefits may include the following features:

1. Extended healthcare – which includes prescription drugs, paramedical services, and eye examinations.

2. Group Term Life Insurance – which can either be a flat amount or a multiple of salary.

3. Critical Illness Insurance – A lump sum benefit is paid out in the event of a critical illness.

4. Best Doctors – Unlimited access to best doctor services.

5. Dental Care – Including cleanings, x-rays, and orthodontics.

6. Disability Coverage – Coverage can start from day one and income can be replaced up to age 65.

7. Accidental Death and Dismemberment – Doubles the amount of insurance if death is caused by accident.

Association group plans usually offer some flexibility in plan design but further customization may be obtained with a group plan through a broker and a broker bought plan does not require the individual or firm to be a member of the association.  For more details on group insurance in Canada, please contact us at 1-866-899-4849 or visit our Group Benefits Online Quotes Page.

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  • walter
    May 29, 2013 at 9:49 am

    How can I get more details on the chamber of commerce group plan.

    • LSM Insurance
      May 29, 2013 at 1:37 pm

      They have their own team of advisors. The group insurance market in Canada is competitive so it makes sense to shop around and make sure you are getting the best deal.