We know that each of your clients are unique, and so are their group plan needs. Re-imagine what group benefits can really do for your clients. A benefits plan can help make people’s lives better – including yours as the advisor.
Lives are better, organizations are made healthier.
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Business solutions
Group benefits for small business (2-50 employees)
Small business can mean big opportunities for advisors. In a market where the business and personal needs of employers converge, group benefits can offer an excellent opportunity to extend individual relationships and expand your client base. As a door-opener, group benefits can be an effective way to increase prospects and enhance sales – providing you with a means of contact for business owners, as well as their employees.
For many small businesses, it can be difficult to find and retain good people. A group benefits plan from Manulife is an important part of any compensation strategy and can be more tax efficient than simple salary increases. Group benefits can help your small business clients attract the best talent, giving them a competitive edge.
Our small business solutions can help you pull it all together with a wide choice of benefits solutions.
Manulife helps you meet the unique needs of Canada's small business market, providing:
- comprehensive benefits at an affordable price;
- easy administration;
- fast and fair claim services with direct deposit of claim payments to employees' bank accounts;
- online access to information with plan member and plan administrator secure Internet sites;
- personalized service through toll free access to the Group Benefits Customer Service Centre;
- easy-to-understand communication materials; and
- pre-authorized debit service for easy monthly premium payments.
Signature - group benefits for medium-sized employers
Signature offers a competitive combination of service, convenience, and choice, designed to meet the needs of medium-sized Canadian employers.
Service
Manulife Financial provides comprehensive service and support for every aspect of a group benefits plan. We focus on exceeding your service expectations.
Convenience
Employers are looking for group benefits plans that are easy to administer and convenient for their employees. Manulife Financial processes focus on reducing the time and effort associated with managing a group benefits plan.
Choice
Combine our products and services to build a benefits program that meets business goals as well as employee needs.
Combine the benefits and services noted below to build a benefits program that meets corporate goals as well as employees' needs.
- Life Insurance and Accidental Death and Dismemberment
- Health care, including Drug Stop Loss Pooling
- Dental care
- Disability - including short and long term and Absence Management Solutions
- Health Care Spending Account
- Employee Assistance Plan
- FollowMe - for employees losing their Group health and dental benefits
- FlexCare - for your contract and part-time employees that need health and dental benefits
- International benefits - including U.S. and international solutions and international pooling options
- Provincial Plan Replacement - for employees waiting to receive provincial medical coverage
- A choice of administrative options, including on-line
Minimum number of employees may be required for certain benefits and services.
Group Benefits for corporate employers
Managing a benefits program for a large organization can be a daunting task. At Manulife Financial, we have the people, tools, and service approach to help you effectively manage your clients’ benefits plans both on a daily basis and more strategically for the long-term.
Customization is at the heart of our Corporate delivery model and we recognize your clients’ need to provide flexible and innovative benefit solutions that will help them attract and retain talented employees in today's marketplace. Whether it’s a traditional benefits plan design or a flexible benefits program, we have the experience and technology to exceed your expectations of a group benefits partner.
Manulife Financial's Corporate benefit solutions are designed with your clients’ unique employee benefits needs in mind. With today's workplace challenges, we understand the importance of benefits solutions that are powerful, simple and effective.
Our competitive strengths:
- Disability and Absence Management Solutions
- FlexLink - on-line Flex benefits administration
- Industry-leading Internet secure sites for the plan advisor, administrator and member
- Product innovation
- Drug plan management
- Communications expertise and support
- Robust Customer Service Centre
- Strong, local account management
Our approach is to design products and solutions that are flexible and customizable and delivered in a manner that will make plan administration easier and your clients’ employees happier and more productive.
Group Trustee plans
Employees of various employers may have common links through industry associations and unions. This common relationship often serves as a basis for buying group benefits and other perquisites. These multi-employer groups are often managed by a third party known as a "trustee".
Group Trustee plans offer the convenience and simplicity of one benefit plan that covers employees under one union or association within a single industry. Manulife is a market leader insuring many benefits plans for trustees and their members across Canada.
Why Manulife?
- Experience and expertise working with Trustees and their members
- Dedicated team focused on trustee business
- Strong reputation for servicing trusts and their members
- Flexible underwriting philosophy that meets client needs in a changing environment
Want to learn more?
Talk to us at 1-800-361-7979 or 416-687-4300 or email us at Trustee_Operations@manulife.ca.
Flexible benefits
Since being introduced in Canada in the 1980s, flexible benefits programs have become increasingly popular as plan sponsors balance the desire to attract and retain employees with the need to provide a sustainable benefits program.
Even smaller employers have looked to vehicles such as Health Care Spending Accounts and Taxable Spending Accounts as a way to offer flexibility and choice.
Why introduce a flexible benefit plan?
A flexible benefits program can appeal to the diverse needs of an employee population by allowing for choice while providing the employer with an effective mechanism for controlling costs. Employee cost-sharing and the visibility of price tags tend to give an employee a better sense of the value of the benefits program, and can promote health care consumerism.
With flex plans, employers often look to offer a wider range of benefits such as cash back on unspent flex dollars, vacation buy and sell, Health Care Spending Accounts, Taxable Savings Account, RRSP contributions and more.
Manulife Financial underwrites a broad range of flexible benefits programs and has been providing flex administration services for a number of Canadian employers since 1995.