What is the Vantage Insurance Package?

Employee benefits are an integral part of an organization’s overall compensation package. Offering the right benefits to employees can help foster morale, increase productivity, decrease turnover and help a company remain competitive in a tight job market. In order to maximize your ROI (return on investment), it is important to understand what employees need today and align your benefit plans accordingly. The Vantage Insurance Package is an employee group benefits program designed to protect you and your family against an unexpected life-changing event.

Who is Eligible for Our Insurance Package?

Any organization that has employees and their dependents. What Types of Insurance Packages are Available? Vantage offers a full range of Insurance Packages to meet the insurance needs of Canadian employees. Here are some of the types of Insurance Packages available:

• Life Insurance for employees and dependents.
• Short-Term Disability: Income protection in the event of a non-occupational illness, accident or hospitalization for up to 120 days of disability.
• Long-Term rem Disability: Income protection in the event of a non-occupational illness, accident or hospitalization after 120 days of disability.
• Accidental Death and Dismemberment: If your employee loses the use of a limb, sight, hearing, and/or speech or dies because of an accident, a benefit is paid to that employee or their beneficiary.
• Long-term Care: Care services that may be provided in a variety of settings: at home, through adult day care, in a retirement home, assisted-living setting, or long-term care facility.

What are the Benefits for the Employees?

Many Canadian organizations face numerous challenges that hinder them from offering insurance packages to their employees and their dependents. Our program allows companies the ability to further attract compensate and retain their valued employees. Annual employee benefit coverages are convenient to administer and can be factored into the total overall compensation package.

• Life Insurance for employees and dependents: Life Insurance is used to protect the overall financial security of the people who rely on you. This policy pays a cash benefit, tax-free to the beneficiaries when you die.
• Short-Term Disability: Income protection in the event of a non-occupational illness, accident or hospitalization for up to 120 days of disability.
• Long Term Disability: Income protection in the event of a non-occupational illness, accident or hospitalization after 120 days of disability. An individual disability insurance plan can help you meet your income requirements so you can concentrate on recovering and returning to an active life.
• Accidental Death and Dismemberment: If your employee loses the use of a limb, sight, hearing, and/or speech or dies because of an accident, a benefit is paid to that employee or their beneficiary
• Long-term Care: Care services that may be provided in a variety of settings: at home, through adult day care, in a retirement home, assisted-living setting, or long-term care facility.You will be paid a pre-determined amount of money when you require care. You can use this benefit to cover any type of service, including care that family members provide.
• Insurance Packages demonstrate the importance placed on employee health and well-being.
• These types of employee programs demonstrate that employers are more aware of what matters most to their employees and their families.

Who Provides the Insurance Package Registration and Administration?

Large organizations, professional corporations, and small business owners use our Insurance Package to provide benefits to both employees and their dependents in an effective, efficient manner. As a third-party plan administrator, we are under contract to many large and small organizations across Canada to oversee their Insurance Package. As part of this process, we also ensure the program is maintained as required by the company’s own internal policies and procedures.