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Forget Freedom 55. Canada’s retirement age is on the way up. On average, Canadians are working 3.5 years longer past the retirement age. Due to a whole host of factors such as lifespans and poor performance in financial markets, Canada’s retirement age is already rising. Changes were made to the Old Age Security pension during […]

If you own a business that has a group long term disability (LTD) plan, and you are enrolled, you should consider opting out and buying an individual LTD policy instead. Only business owners are allowed to opt out of group LTD – regular employees cannot. Why would a business owner opt out of LTD? Almost […]

This bulletin is an excerpt from the group benefits newsletter of The Co-operators Life Insurance Company. If a plan member has a work-related injury, it is important for them to submit a completed disability claim application form and any other supporting documents to Beneplan, who will submit to the insurance company, within the time periods […]

In the fall of 2009, CBC reported that Nathalie Blanchard, who was on long term disability (LTD) for depression, had her benefits cut off by Manulife after they found pictures of her on Facebook having fun on the beach and in a bar with friends. She claimed that she was trying to have fun on […]