FAQ’s

A description of reasonable and customary fees, how they are developed and implemented within Canadian group insurance and employee benefit plans.

The Life Insurance conversion option provides an employee whose group insurance coverage is ceasing to convert their current Basic and Optional Life insurance amount to… Read More »What is the Life Insurance Conversion Option?

Mandatory Generic Substitution is a drug plan feature that limits the ingredient cost of a drug charge to that of the lowest cost alternative.  Where… Read More »What is Mandatory Generic Substitution?

Life insurance is expressed as a rate per $1,000 of insurance.  To calculate Life Insurance premium you take the benefit volume per $1,000 of coverage… Read More »How To Calculate Monthly Life Insurance Premium

Long Term Disability (LTD) is expressed per $100 of benefit volume.  To calculate monthly LTD premium you take the benefit volume multiplied by the rate… Read More »How To Calculate Monthly Long Term Disability Premium