Latest news with #PerigonLife
Yahoo
21-05-2025
- Business
- Yahoo
Posthaste: Company benefit plans lag behind the needs of Canadians, survey says
As Canada's workforce becomes more diverse, it appears the benefits packages offered to employees are not keeping up with the growing needs of workers, particularly among women. Nearly a quarter of Canadians with chronic physical conditions or developmental disabilities report that their coverage plans are insufficient to meet their needs, while 28 per cent of Canadians with a mental health disability agree, according to a recent survey from RBC Insurance. 'These findings are a call to action for employers and benefits providers alike, as there's a real opportunity to close the gap between what employees need and what they receive,' Tony Bruin, head of group benefits at RBC Insurance, said in a news release. 'The more an employer tailors and prioritizes more inclusive and relevant benefit solutions, the more they can truly support their employees.' When it comes to women, 75 per cent of respondents want or need employer benefits specifically tailored toward their health, such as services for fertility and menopause, but are finding work benefit plans fail to provide the proper coverage. The survey reported that 31 per cent of women found their work coverage to be insufficient, while 25 per cent had a hard time booking an appointment, both of which were at a higher rate than men. To address the shortcomings in coverage, more Canadians are looking for specialized add-ons to their plans. A recent report from Perigon Life found that 62 per cent of employees want their workplace to offer optional add-ons to their plans, with most willing to spend $15 to $50 per month for the added coverage. The survey reported that younger Canadians are also having a harder time accessing the proper care. RBC reported that 20 per cent of Canadians aged 18-34 are unsure of their employee benefits, more than other age demographics. 'As the workforce becomes more diverse across age, gender and health needs, employers and group benefits providers have an opportunity to reimagine what modern support looks like,' Bruin said. 'When employers focus on investing in more inclusive, tailored benefits, they can boost employee satisfaction while building healthier, more engaged teams.' As workers look for expanded care, more employers are looking to save. An April survey from MercerMarsh Benefits polled nearly 350 Canadian companies and found that 88 per cent are looking to keep benefits plans affordable as 82 per cent of companies look to better understand employee needs. to get Posthaste delivered straight to your inflation rate fell to 1.7 per cent in April, as the removal of the consumer carbon tax and low oil prices helped drive inflation lower for the month. Excluding energy, Canada's inflation rate would've reached 2.9 per cent, compared to 2.3 per cent in March. Gas prices led the way in declining consumer prices, falling 18.1 per cent in the month. The numbers have some economists calling for another interest rate pause in June, though they expect interest rates to fall to 2.25 per cent by the end of the summer. Read more here. G7 Finance Ministers meeting continues Premiers from Western Canadian provinces and territories to meet in Yellowknife Canadian Club Toronto hosts a panel discussion on 'Outlook on the Canadian Auto Industry: Navigating a New Era of U.S. Tariffs,' featuring MP Chrystia Freeland Today's Data: New housing price index for April Earnings: Lowe's Companies Inc., Target Corp., Snowflake Inc., Zoom Communications Inc., Canada Goose Holdings Inc. Canada's inflation rate cools to 1.7% as consumer carbon tax ends Bank of Canada faces dilemma as core inflation heats up Canada Post workers issue strike notice, poised to hit picket lines Friday TotalEnergies signs deal to buy LNG from project in Canada There are several factors to consider when deciding whether to contribute to an RRSP or TFSA account. For someone retiring and depending on their own circumstances, it may be prudent to consider a bigger RRSP contribution and using the tax refund to top-up a TFSA account, writes certified financial planner Allan Norman. Read here. Are you worried about having enough for retirement? Do you need to adjust your portfolio? Are you starting out or making a change and wondering how to build wealth? Are you trying to make ends meet? Drop us a line at wealth@ with your contact info and the gist of your problem and we'll find some experts to help you out while writing a Family Finance story about it (we'll keep your name out of it, of course). Want to learn more about mortgages? Mortgage strategist Robert McLister's Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won't want to miss. Plus check his mortgage rate page for Canada's lowest national mortgage rates, updated daily. Visit the Financial Post's YouTube channel for interviews with Canada's leading experts in business, economics, housing, the energy sector and more. Today's Posthaste was written by Ben Cousins with additional reporting from Financial Post staff, The Canadian Press and Bloomberg. Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@ High down payments keep Canadians out of homeownership Car ownership has gotten more expensive and it could get worse Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
07-05-2025
- Business
- Cision Canada
Perigon Life Launches in Canada as the First Voluntary Benefits Platform of its Kind, Revolutionizing Insurance Options for Employees
Perigon Life brings affordable, portable voluntary insurance benefits to Canadian employers and employees, filling a critical market gap with a user-friendly solution TORONTO, May 7, 2025 /CNW/ - Perigon Life, a new voluntary benefits technology platform offering simple, cost-effective, and portable insurance solutions through a seamless digital platform, is officially launching to transform how Canadian employees can access benefit options. The online platform empowers employers and associations to offer their employees a wide range of voluntary benefits at more affordable prices through group rates, filling a significant gap in the Canadian benefits market. By simplifying the sourcing, purchasing, and management of voluntary benefits like critical illness, life, legal, identity theft, pet, and home system & appliance warranty insurance, Perigon Life makes it easier than ever for Canadians to access coverage tailored to their individual needs. While international markets like the United States have more mature voluntary benefits offerings, Canada lacks a comprehensive tool like Perigon Life with insurance options that employees can add to their standard insurance packages. Perigon Life addresses this by leveraging group buying power and preferred partner relationships to deliver cost-effective, best-in-class options, many of which remain underutilized in Canada due to limited employee education. Unlike traditional offerings scattered across disparate platforms, Perigon streamlines access to these critical protections through a unified system, empowering employees to discover and select benefits they might not otherwise encounter or understand. Perigon Life was founded by Martin Shaw and a group of Canadian insurance industry leaders committed to making voluntary benefits accessible and affordable for all Canadians. As former CEO of NFP Canada for 11 years and Chief Strategy Officer for one year, Shaw played a pivotal role in identifying acquisition opportunities and building the company's group benefits strategies, individual protection solutions and wealth management capabilities across the country. His strategic vision and deep understanding of the Canadian insurance landscape have positioned him well to address the unmet needs in the benefits market. "I launched Perigon Life because Canadians are underserved by current insurance distribution models that often overlook them," said Martin Shaw, Founder and CEO of Perigon Life."I've seen too many people lose vital coverage when changing jobs or face barriers accessing the benefits they deserve. Perigon Life is about more than business, it's a commitment to closing the gaps that leave too many Canadians and their families unprotected." Perigon Life Voluntary Benefits At a Glance Voluntary Benefit Options: Critical Illness, Life, Legal, Identity Theft, Pet and Home System & Appliance Warranty Insurance Underwriters: These options are underwritten by insurance companies like Allstate Benefits, Blue Cross, ICPEI and Fetch. Perigon+: If employers offer voluntary benefits on the Perigon Life platform, employees also have access to value-added services called Perigon+ at no extra cost. This includes: Virtual Pharmacy - Prescription medications and fast advice from certified pharmacists from home Virtual Vet - On-demand 24/7 online vet appointments, preventing stressful trips to emergency veterinarians Retail Financing - 0% interest financing* at thousands of retail locations. *Subject to credit approval. Portable Insurance: As a very rare offering in Canada, employees who opt into any voluntary benefits through Perigon Life can maintain coverage at the same group rates and provisions even if they leave their employer, with Perigon Life leading the offboarding process. Fast and Accessible Enrolment: Perigon helps employers lead enrolment for their employees and can guarantee critical illness and life insurance coverage with no medical information required during an open enrolment period. Payment Convenience: Voluntary benefits can be deducted automatically from an employee's pay with little paperwork involved. Recognizing the need for employee benefits tailored to mental health, Perigon Life also offers another product called Perigon Care. This is a curated, proactive wellness package that enables employers to provide comprehensive health and mental wellness support to employees for a set competitively priced monthly fee. Perigon Care focuses on preventative care, therapy, mental health training, and seamless healthcare navigation. In the lead up to the launch of this new platform, Perigon Life conducted a study through Environics in March 2025 to learn about Canadians' perspectives on voluntary benefits. Key findings included: 93% of employees say insurance and benefits directly affect their happiness at work and decision to stay with their employer. 66% of employees want their employer to offer optional add-on insurance options. Only 2% say they would ask their employer for more insurance options —highlighting a disconnect between interest and advocacy. 83% say integrated mental health coverage is important, with half rating it very important. One-third feel underinsured, and cost is the top barrier to more coverage. Most are willing to spend $15–$50/month on additional benefits. Critical illness insurance and group wellness programs are the most desired benefits not currently offered. The full study results and methodology of this study can be found here.
