Genesis Benefits

With over 50 years of combined experience

In the Life Insurance, Pension, and Group Benefits consulting industries, there is very little that has not come across the desks of Guy Close, and Wayne Conjaerts.

Their approach to the benefits marketplace, is quite simple:

  1. Listen to what the client needs.
  2. Design a benefits program tailored to meet those needs.
  3. Monitor to ensure that the client's needs are continually satisfied.

Example One

We recently set up a Group Benefits plan for a client and during the set-up process we found out that an employee’s spouse had a rare illness which required a medication that was not on the drug plan. Knowing this we quickly introduced a health spending account that would cover the cost of the drug.


Example Two

We recently worked with a business owner who called us in to consult on his long-standing Group Benefits Plan that he had with another broker. We immediately noticed a few red flags. Most notably that their LTD plan was not nearly sufficient to meet their needs. With management averaging approx. $10,000/mth in compensation their current LTD would only provide $2000/mth in benefits. As well, this plan had a 12-month own occupation definition.

What did this mean?

That if one of their management staff had to use this benefit, they would be looking at a significant reduction in take home pay.

FAQ

Frequently asked questions about Genesis Benefits.

I am interested in looking at new benefits for my company, but not sure when I can make the change? Can you help me with that?

Yes we can. As each plan is unique let's get together to discuss your options.

Who do my employees contact if they have questions that can't be answered by client services?

Any issues or concerns left unanswered can be forwarded directly to our client support department.

We would like to consider adding a group retirement plan - can you assist us with this?

Yes we can. This is a valuable asset to offer/retain your employees.

Can you explain what a health spending account is?

Health Spending Accounts can be a valuable asset to any Group Benefits plan. They allow for certain expenses, not covered under your plan, to be made tax deductible.

We would like to have a different category for our senior managers and family - is that possible?

Yes. This is quite common. We can set up different levels of coverage for different levels of staff.

With rising business costs, we are considering reducing the benefits, or having our employees pay a portion of the premium - is this recommended?

Every group situation is unique and needs to be discussed from that perspective. Generally, having the employees pay a part of the premium is the norm.

Contact Us Today

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