New: Refund Accounting on Long Term Disability Insurance
Effective January 1, 2016, Beneplan has entered into an agreement with The Co-operators Life on The Beneplan Co-operative’s long term disability benefits. For the first time, this block will be operating on a refund accounting basis. This means that after reserves, fees, and claims are paid, any surplus money left over will be fully refunded to the policy holders, who are the member-owners of The Beneplan Co-operative.
The Beneplan Co-operative is the only buying group in the country that would provide access to this extremely favourable deal to small & medium sized employers across Canada.
This now brings the number of benefits on a refund basis to six:
- Health premiums
- Dental premiums
- Life Insurance premiums
- Drug rebates through Reformulary
- RST Tax Recovery
- Long Term Disability premiums
Please contact your advisor or call Beneplan at 1-800-387-1670 if you have any questions.