Benefits and Financial Services

Intelligent Advice

Programs that support your vision.

The cost of benefits is rising significantly, while employees consistently seek more from their benefits packages. We can design an employee benefits program that makes sense for your company and your employees.

Our experienced benefits professionals take the time to understand your business. They bring bold thinking and industry expertise to help you stay on top of regulations and economic trends and focus on your first priority – recruiting and retaining the best employees. They work as your benefits advocate to keep your organization vital over the long-term.

Corporate Group Benefits

Group Benefits are a high priority for employees and are often the second largest expense for employers behind payroll. Magnes approaches group benefits in a consultative manner, taking the time to learn about your business and deliver a program that will drive employee performance, so you can hire and retain top talent. Our services include the design and ongoing management of your benefits program and implementation of a funding model that ensures sustainable costs in the long term.

Disability Insurance

Disability can often be more financially devastating than death.  Magnes offers a full range of disability coverage plans designed to help aid in the financial and physical recovery of an injured employee. We will help you navigate the various coverage options available as well as decipher plan restrictions, payment schedules, and compensation requirements. Our team is constantly securing additional coverage options through a network of trusted providers ensuring clients have the best possible coverage selection in Canada.

Group RRSP and Pension

Group RRSPs and pension plans are designed to help employees of an organization save for retirement in a concise and consistent manner. Show your employees that you value their service and support their future aspirations by including RRSP contributions in your benefits package or providing a group pension, where members can make tax deductible contributions to a retirement fund. Group RRSP’s and pension plans help retain existing employees and attract new hires.  

Key Person Life Insurance

Key man life insurance can keep your business afloat in the event of the death of any employee who is an integral asset to your company’s survival. We’ll work with you to design coverage that helps assure continuity of your business’ worth and ability to function after key figures are no longer available. The monies collected from a key person insurance plan can buy back shares in a company from the estate of the deceased, cover costs associated with filling the vacant position, or cover lost cash flow resulting from client attrition due to the loss of company leadership.  

Individual Life Insurance

Death is a very difficult matter for a family to discuss. Make the conversation easier by ensuring a protected future for loved ones. Magnes has access to the best and most comprehensive life coverage packages in the country. Choose from term, whole life, or universal life insurance policies to provide a protection plan that is right for you.  

“I have found all the staff at Magnes Group Inc. to be professional, responsive, attentive, and committed to assisting our organization with excellent service and claims handling. The appointment of a specific internal claims advocate for CBI has been particularly useful in answering questions and reporting potential or actual claims efficiently and with confidence.”

CHRISTINA BOYLE, VICE PRESIDENT RISK AND CORPORATE COMPLIANCE, CHIEF PRIVACY OFFICERCBI Health Group