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Life & Living Benefits

Successful business leaders know that building a strong workforce and promoting health and wellness does much to encourage loyalty and enhance productivity—which in turn means higher profits. From pensions to life insurance, health plans and employee assistance options, we can help you choose from a range of products that result in the kind of group benefit plan that keeps you a healthy distance ahead of the competition.

Mortgage Insurance

Protect Yourself, Not Your bank

With your bank’s mortgage insurance you may not always be covered.

In most cases underwriting is done at the time of a claim, which could mean there is NO guarantee you will be covered at claim time

  • The bank is the beneficiary; you have no control over how your benefit is used.
  • Coverage is not portable and is cancellable Premiums may not remain level.
  • You must re-apply at your current age when you change banks.
  • Protection often lapses if the mortgage goes into default.
  • Your benefit automatically decreases every time you make a mortgage payment. This means you have no coverage when the mortgage is paid off.
  • The sole purpose of this coverage is to pay off your mortgage in the event of your death.

With an individual Life plan, you are.

Individual Life coverage is fully underwritten when you apply, so once you are approved there is no formal medical qualification.

  • You are the beneficiary and you can use your benefits as you see fit.
  • Coverage is always portable and is non-cancellable. You are underwritten once at the time of your application and never have to re-apply.
  • Premiums can remain level and guaranteed for the life of your coverage.
  • The sale of your property has no effect on your coverage.
  • Only you can determine when the policy will lapse.
  • Coverage remains level, so that when you pay down your mortgage, your benefit amount does not change.
  • A plan can be customized to meet your specific financial needs.

Flexible Benefits

The health and dental needs of employees will vary depending on age, health status, and lifestyle. A young and single employee will have a very different perspective on benefits versus a middle-aged employee with children. To meet the differing needs of employees today and as they change over time, a Flexible Benefits Plan allows employees to make personalized coverage choices. Historically flex plans were only available to larger companies, but recent technological advances in online enrolment and real-time flex credit calculation have made it possible for small to medium size firms (even with as few as 5 employees) to easily implement a flex plan to optimize employee satisfaction while controlling costs.

Health & Dental Plans

In an industry landscape that includes government cut-backs, an aging population and double-digit healthcare inflation, balancing benefits costs with attracting and retaining talented employees has become a significant challenge for Canadian employers. In today’s healthcare climate, a cookie-cutter approach to benefits simply does not work. At Palladium Insurance, our experts provide customized benefits solutions that will help you provide choice and flexibility to employees, while optimizing coverage within a sustainable financial framework.

Life Insurance

When you know you need Life Insurance you have options. Term insurance allows you to rent; you could buy Permanent Life Insurance or you can invest in Legacy Insurance.

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