Groups Retirement Plans
Retirement can be a fun, enjoyable phase of your life if have saved enough for the future and have the right plans. We understand that planning ahead for your retirement can be confusing and challenging, that is why investing in plans such as RESP and group retirement plans are important. By not saving for your future ahead you are putting your whole life at risk and uncertainty.
A group Registered Retirement Savings Plan is a retirement savings plan that is usually created by your employer. Here an individual will have a separate RRSP account the amount credited in this account will bemade by using the regular deductions from your paycheque. In some cases your employer may also contribute to your RRSP.Groups Retirement Plans are easy to set up and is a simple way to help employees save for their retirement. If you need more information about group retirement plans, please get in touch with us now, we are here to help you with all the details.
Benefits of groups retirement plans
There are a number of benefits of group retirement plans, they are:
Group plans are designed to keep the coverage simple and effective. You will get a comprehensive coverage and it will also provide you with flexibility to make changes based on the need of your business.
Another benefit of group plans are health benefits, this is one of the most attractive features of group benefits plans. This plan will bridge the gap between the health insurance plan and also offer coverage for the member of your family.
Certain group plans also include workplace wellness and disability management programs this can help improve employee health, reduce absenteeism and retain employees for longer.
Group health care plans also comprise of dental coverage. As we all agree that dental treatments are expensive and can cost you heavily. Having a dental benefit can save you from expensive treatments in the future and protect your dental health.
It also offers life insurance solutions for individuals, spouses and dependents. This offers peace of mind to the dependants of the individual that even after their death, their family members will be supported financially and they don’t have to depend on other people.
Accidental death and dismemberment benefit is provided by group retirement plans. It offers protection in case of an accidental death and can also provide assistance when an individual loses his hands or limb and is unable to work.
Why choosegroup insurance plans?
There are several reasons to choose a group insurance plans. One of the main reasons to opt for group insurance plan is:
It offers you a hassle-free approach when it comes to offering large scale insurance cover.
Group insurance plan can be tailored to suit the needs of the employer.
Members will receive more on benefits when compared to investing in anindividual policy.
It is an ideal way to attract and retain employees.
You can be sure that you are providing excellent service to your employees
This is an affordable solution, since it is covered by large group of people, the risksare reduced and premium becomes economical.
The claim process is faster
If you have any queries, speak with our team at Inslyf, they will be more than happy to help you.
Customized investment plans
There are several group retirement plan options available, as an employer you can choose a plan that is suitable for you and your employees. There are a number of benefits of choosing a group retirement plan. Group retirement plans provide the best tax-saving opportunities. Group retirement plans with individual RRSP plans is the main source of retirement for most Canadians saving for their retirement. Group retirement plans can attract new employees and increase employee retention.
We are a trusted company offering quality and reliable advice regarding all aspects of group retirement plans. You can visit us or give us a call and our team will provide you all the necessary details regarding the plans, we will also choose a suitable plan based on the kind of work you undertake and the business or industry you work in. Call us now, our team will be happy to help you with all your requirements.