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When you leave home you shouldn't have to worry about anything. Atlas Travel has a variety of plans to cover everything from emergency hospital & medical insurance, trip cancelation, single and multi-trip plans, and student coverage when traveling outside of Canada.

You will feel secure knowing your financially protected during your travels.

Best Doctors Elite Diagnostic Imaging Service - for companies 10 employees and up. We all know the kind of wait times we experience today for medical services. If you require Diagnostic Imaging to help diagnose a serious medical condition, you can be facing a 2 to 3 month wait, or even longer. Of course, this adds additional anxiety to the stress of worrying what the results of the test will be. Best Doctors Elite Diagnostic Imaging Service provides rapid access to diagnostic facilities and medical consulting.
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March 2010

News from The Benefit Specialists Corp.

From: The Benefit Specialists Corp. <sean.murray@telus.net>
Subject: News from The Benefit Specialists Corp.
Reply: sean.murray@telus.net

The Benefit Specialists Corp.

March 2010 Bulletin



Celebrating 10 Years of Business!

Thank you for all your support!
Just a Reminder,

As independent brokers we have the ability to go to any insurance company to get insurance quotes. If you are looking at your group benefit plan (or know of another company who is) and are wondering if you are using your dollars in the most efficient way possible please contact us and we will be happy to discuss this with you.

IN THIS ISSUE
TBSC Tidbit

A popular complaint of our fast-paced society is that time passes by too fast.  We get lost in the day-to-day, month-to-month and year-to-year and forget to put time and money aside for the future.
more...

Benefits for Employees 65+
Kevin Wheeler, CFP, EPC, FMA
Living Benefit Solutions Inc.

Many people wonder if they can get quality benefits after age 65, the answer is YES. A lot of the same benefits made available prior to age 65 are available post-65, including Disability, Critical Illness, Long Term Care and Life Insurance. more...

TBSC Memorandum: What is a Late Applicant?

The Bank of Canada, Interests Rates and You
Kent Chapman, Brayco Mortgage

Recently you may have heard their is pressure for the Bank of Canada to raise interest that interest rates.  A mortgage is one of your biggest lifetime purchases. Being able to get the right advice to meet your lifestyle and financial goals is criticalmore...
  Any Questions, Suggestions?

Please feel free to contact us with any questions or ideas you may have, we would love to here your feed back!

Just click the link below
www.beneco.ca

  two2
TBSC Tidbit

A popular complaint of our fast-paced society is that time passes by too fast.  We get lost in the day-to-day, month-to-month and year-to-year and forget to put time and money aside for the future.  When one faces this reality, a variety of questions are asked:

The Canadian government has created the Canadian Retirement Income Calculation which helps answer some of these questions.  With your age, earnings and current savings, the Calculator can tell you what you will retire with and can help you plan for the future.

Check it out at https://srv111.services.gc.ca/INT_01.aspx and don't let retirement planning pass you by!

one1
Benefits for Employees 65+
Kevin Wheeler, CFP, EPC, FMA
Living Benefit Solutions Inc.


Many people wonder if they can get quality benefits after age 65, the answer is YES. A lot of the same benefits made available prior to age 65 are available post-65, including Disability, Critical Illness, Long Term Care and Life Insurance.  The aging workforce in Canada is in dire need of long-lasting coverage. As governments pass more of the financial burden of healthcare on to each citizen, it becomes increasingly more important for Canadians working past age 65 to have the most appropriate insurance in place. The proper coverage can help protect income and assets from the erosion that can occur should they be unable to work or require care after age 65. Medical reasons were cited as the primary cause of bankruptcy by approximately 15 percent of bankrupt Canadian seniors (55 years of age and older) according to a July 2009 Fraser Institute report. There are a variety of different insurance options to protect against the costs of ill-health. Some benefits are guaranteed and very simple to apply for, but may require the individual to apply for the coverage by a certain age.  Each person has specific needs when it comes to implementing the most appropriate insurance coverage.

We work with a Specialist that surveys the insurance marketplace to give our clients the most cost-effective options for their individual needs.

three3 
TBSC Memorandum

What is a Late Applicant?
 
A late applicant is a plan member who has not made necessary changes to their benefits plan within a required amount of time.
 
Late applicants can include:
·         A plan member who gets married or begins to live common-law, but forgets to add a spouse to their plan within 31 days.
·         A plan member who forgets to enrol on the plan within 31 days after he/she loses coverage on a spouse's plan.
·         A plan member whose plan administrator does not enroll the plan member on the plan within the waiting period or the subsequent 31-day grace period.
·         A plan member with single coverage who forgets to change their dependant status within 31 days after the birth of a child.
·         A plan member who has previously elected to waive participation in the plan and now decides to enroll.
 
 
What steps must be taken?
1.    The plan member must provide a Medical Questionnaire form for himself/herself and all family members, and incur all associated expenses.
2.    If medical evidence indicates a significant underwriting risk, coverage may be declined for all benefits.
 
 
How will this affect coverage?
1.    If coverage is approved, it will be effective on the date the insurance carrier approves it.
2.    If coverage is approved, full premium is required (based on the plan's cost sharing arrangements) from the effective date of the applicant's insurance.
3.    If dental care is included in the plan:
·         Dental benefits are restricted for each family member for the first 12 months
·         The basic maximum is reinstated after 12 months
·         If applicable, major dental coverage is also reinstated after 12 months
·         If applicable, orthodontic coverage will be reinstated after 24 months.
 
      
Note: The above is for informational purposes only.  Provisions of the Group Master Contract shall apply.  For more information, contact TBSC.

four4
The Bank of Canada, Interests Rates and You

Kent Chapman, Brayco Mortgage

Recently you may have heard their is pressure for the Bank of Canada to raise interest that interest rates.  A mortgage is one of your biggest lifetime purchases. Being able to get the right advice to meet your lifestyle and financial goals is critical.  Your needs are unique and matching them with a suitable mortgage is just the beginning. Having access to over 30 lenders allows me to look for your best options in an unbiased and objective way to save you money.  As a Mortgage Planner understanding rates and options are important advice.  This article speaks to the pressures for the Bank of Canada to increase rates.  A rate increase will cause higher mortgage rates, however their are options for a homeowner to review between fixed, variable or a combination of both.  I would be pleased to discuss your options and develop a strategy that meets your financial goals. 

For more information, read Paul Vieira's article in the Financial Post entitled, "Pressure Grows for Bank of Canada to hike rates."  http://www.financialpost.com/news-sectors/economy/story.html?id=2628952#ixzz0gySOg5Bz
 

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The Benefit Specialists Corp. is more than willing to answer any questions you or anyone you know may have. If you know someone who has questions regarding the insurance industry or anyone who wants to join our mailing list please contact me, or forward this email to them and get them to click the join our mailing list button below.

Thanks!
 
Sean Murray
The Benefit Specialists Corp.
sean.murray@beneco.ca
403-547-5236

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The information contained in this bulletin is for general information purposes only. The articles published in this bulletin have been collected by The Benefit Specialists Corp. (TBSC) and we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability or availability with respect to the information, products, services, or related graphics contained.  Any reliance you place on such information is therefore strictly at your own risk.  In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits out of, or in connection with, the use of the information contained in this bulletin.  Through this bulletin you are able to link to other websites which are not under the control of TBSC.  We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
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The Benefit Specialists Corp. | 1131 Ranchlands Blvd. NW | Calgary | Alberta | T3G 1G4 | Canada