WHY WE'RE DIFFERENT
Helping Businesses Blossom
PLAN SUSTAINABILITY
When it comes to designing an employee benefits plan, the outlook is often limited to the cost of the next 12 months of premiums.
At Lifelong Financial Benefits, we work with you to design a plan or augment your existing plan to meet a prolonged time horizon. We work with benefits providers to develop plans that are designed to remain stable year after year, despite employee turnover and changes in demographics.
STREAMLINED RENEWAL NEGOTIATIONS
Through our strategic partnerships, we are able to utilize a structure that negotiates over 50 million dollars in benefits premiums annually.
Through comprehensive analysis of your claims experience, industry trends, and employee demographics, we will work for you to ensure you get the most favourable rates possible.
CLIENT EXPERIENCE REPORTS
Even though group benefits has traditionally run on a one year cycle, we believe it's important to provide guidance throughout the journey.
As part of our service standard, we offer quarterly and semi-annual experience reports and the opportunity to discuss your plan with us. We know that every business goes through changes and we want to be here to accommodate your concerns.
RISK AND LIABILITY MANAGEMENT
There are several responsibilities that an employer takes on when providing a benefits plan to its employees.
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We believe it is imperative that benefits plans are set-up and managed correctly starting day one. We ensure this by using our tailored on-boarding process at plan setup and our review process every renewal to ensure compliance with changes that occur with industry regulation and trends.
PLAN OPTIMIZATION
Developing the structure for an employee benefits plan should not be a one-size-fits-all solution.
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We analyse your current coverage relative to your claims experience and usage of the plan. We can therefore find gaps in your coverage and make recommendations of where your plan more comprehensive to better suit your needs.
EMPOWERMENT AND EDUCATION
As a broker, we want to ensure that each of the plan sponsor and plan member has full confidence in their employee benefits plan.
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We therefore provide ongoing service to plan administrators to ensure that they are connected with all the necessary contacts and resources to allow plan members to make the best use of their group plan.
