Milestone Insurance
About Us | Hours & Locations | Contact Us 

Phone: 416.410.4155
E-mail: info@milestoneins.com
   
 
 

At Milestone Insurance, our brokers will take the time to fully explain the numerous insurance options you are faced with. Insurance can be a confusing topic and it helps to have someone in your corner that knows the terrain.

 

Employee Benefits

We offer a broad range of employee benefits designed for small and large groups. Working together with our clients and the insurance carriers, we strive to provide the best benefits package to suit our client’s needs. In addition, we keep our clients updated with respect to changing trends in the market place, as well as changes in legislation, or any information that will be of interest or will benefit our clients.

By investing in an Employee Benefits insurance plan for your employees:

  • You attract and retain employees, which helps minimize costs associated with high turnover.
  • You and your employees have access to insurance at a reduced cost, compared to most individual insurance plans.
  • The premium you pay is tax deductible as a business expense.
  • You help improve morale and increase productivity by providing financial security and support when your employees need it most.

Employee Benefits can be customized to suit the needs of the employer and employees. The following is an overview of some of the options that can be offered:

  • Life Insurance – This is a mandatory benefit with most carriers. Coverage can be a choice of either a flat amount or a percentage of annual salary. Depending on the size of the group and the plan design, evidence of insurability may be required.
  • Accidental Death and Dismemberment – Usually mirrors the life insurance. Accidental Death & Dismemberment coverage provides employees or their beneficiaries with financial assistance in the event the plan member dies or incurs a loss of use of limbs, sight etc. as the result of an accident.
  • Dependent Life Coverage – Minimum life coverage on the plan member’s spouse and each dependent child.
  • Integrated Benefit Solutions – An Integrated Benefit Solution offers a combination of traditional group benefits and individual income protection products. Some of the key advantages related to the individual products include portability and the issue of the individual contract without evidence of insurability. This combination is only available to groups and is only available for disability and critical illness products.
  • Health – Coverage for benefits not covered by provincial health plans. Coverage generally includes:

    • Drugs – can include a drug card
    • Paramedical services e.g. physiotherapy, chiropractors, podiatrists, massage etc.
    • Equipment e.g. wheelchairs, crutches, orthotics etc.
    • Hospital rooms – can include private or semi-private
    • Out of province/country emergency coverage – coverage provided in the event of an unexpected emergency while traveling on business or vacation

  • Dental – Coverage can include preventative and diagnostic services, basic coverage, major restorative e.g. crown, caps and bridgework and orthodontics
  • Short term disability – Replaces an employee’s salary for up to six months if the employee is temporarily unable to work due to illness or injury. It provides income for the period until the employee is able to return to work or the Long Term Disability benefit commences
  • Long term disability – Ensures plan members continue to have a source of income (salary replacement), if they become disabled due to illness or injury and unable to work for extended time periods. It supplements disability benefits available from government programs e.g. CPP, QPP
  • Critical illness – Provides a cash lump sum when diagnosed with an insured critical illness and insured survives 30 days
  • Employee Assistance Plans – A comprehensive and confidential counseling resource available to employees and their immediate family members, 24 hours a day, 365 days a year
  • Wellness programs – A proactive approach to positive behavioral changes and illness avoidance
  • Group RRSP Plans – Group retirement plans can be designed to include both employer and employee contributions. We provide our clients with a wide range of flexible, competitive products that are leading edge in the industry. Employees meet privately with qualified advisors to evaluate their tolerance to risk and to assess the many available investment options. In addition, Structured RRSPs, Defined Contribution Pension Plans and Deferred Profit Sharing Plans are available

If you have any questions or would like to engage our services, please call or write us today.


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Copyright © 2008 Milestone Insurance Ltd.