We’ve just announced new Grandfathering rules. We will now grandfather groups with as few as two lives. We’ve also increased our Non-Evidence Maximums (NEM) for Life, Long-Term Disability (LTD), and Weekly Indemnity (WI) products, as well as Grandfathering and Overall Maximums for LTD.
These changes will provide greater financial protection for our customers’ plans and make it easier for business owners with as few as two employees to make the switch to Empire Life. With these increases, our NEM’s are now one of the highest in the industry.
Feb 2, 2018
We’ve just launched a new $7,500 Drug-Only Pooling product, available to both insured and ASO plans.
As high cost specialty drugs continue to enter the market, many carriers are raising their pooling charges or raising pooling thresholds—or both. For customers who want to take a different path, our drug-only pooling product may be the solution.
Nov 30, 2017
We’ve just launched a new option that provides a higher level of dependent life insurance
protection for groups with fewer than 20 employees. Now plan sponsors can choose between
$20,000 Spouse/$10,000 Child and $10,000 Spouse/$5,000 Child, for their Dependant Life
Dependant Life provides coverage for a plan member’s spouse or dependent children. It’s
important coverage that gives financial assistance and peace of mind at a time when support is
needed the most.
The Ontario government is partnering with the Canadian Life and Health Insurance Association and member insurance companies, (Empire Life is a member), to ensure eligible Ontario residents who have insurance coverage experience a smooth transition from private plans to OHIP+. We’re here to help guide plan administrators and their employees through the process and help with the transition.
KINGSTON, Ontario, June 14, 2017 The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) introduced a new employee benefit option today that gives Group customers more choice in their life insurance benefits. Now, customers with 20 or more employees that add the minimum amount of life insurance can choose between traditional life insurance and a blend of life and critical illness insurance.