Protect Your Team’s Future — and Strengthen Their Trust in You
Financial security matters most when life takes an unexpected turn. Group Term Life Insurance ensures that your employees’ loved ones are protected if the unthinkable happens — providing peace of mind today and financial stability tomorrow.
Term Life Insurance provides employees with essential financial protection during their working years. If an insured employee passes away while covered, their beneficiaries receive a tax-free lump-sum payment — helping cover expenses such as mortgages, education, or daily living costs.
As part of a group benefits plan, life insurance offers affordable protection to all employees under a single policy, often with guaranteed coverage amounts and no medical exams required.
Workplace Benefits partners with all major Canadian carriers — including Manulife, Sun Life, Canada Life, and Desjardins — to deliver flexible, competitively priced group life insurance across Alberta, British Columbia, and Ontario.
Why Term Life Insurance Matters
For Employees
Protects families from financial hardship in the event of death.
Provides peace of mind knowing loved ones are secure.
Ensures mortgages, debts, and education costs are covered.
Offers affordable, accessible coverage without individual underwriting.
For Employers
Demonstrates genuine care and responsibility for employees’ families.
Strengthens recruitment and retention through a robust benefits package.
Enhances company culture and employee loyalty.
Provides protection at predictable, scalable group rates.
Offering group life insurance shows employees that your business values their families as much as their work.
Types of Group Term Life Insurance Coverage
Workplace Benefits helps employers design flexible life insurance programs that fit every organization’s structure and budget:
Basic Life Insurance
Standard employer-paid coverage for all eligible employees, typically a multiple of annual salary (e.g., 1x or 2x salary).
Optional Life Insurance
Employee-paid additional coverage for greater protection, often available without medical underwriting up to certain limits.
Spousal & Dependent Life Insurance
Optional add-on coverage for employees’ families, extending protection beyond the individual.
Supplemental Executive Coverage
Custom coverage levels for executives or key team members.
We’ll help you find the right balance of affordability, flexibility, and meaningful protection for your workforce.
What’s Typically Included
A comprehensive group term life insurance plan may include:
Employer-paid base coverage (flat amount or salary multiple)
Optional top-up coverage for employees and spouses
Guaranteed coverage with no medical exam up to certain limits
Tax-free death benefit paid to the employee’s beneficiary
Accidental Death & Dismemberment (AD&D) integration options
Conversion privileges if employees leave the company
Waiver of premium during disability or leave
Coverage continuity during maternity or parental leave
Our advisors explain every component clearly, ensuring your plan is easy to understand and communicate.
How Workplace Benefits Works With Employers
We make implementing and managing life insurance coverage seamless and stress-free through our proven process:
Assess
Understand your organization’s structure, budget, and employee demographics.
1
Compare
Review competitive options from Canada’s top life insurance carriers.
2
Customize
Design a plan that fits your workforce and company objectives.
3
Support
Provide ongoing plan administration, renewals, and employee education.
4
As an independent employee benefits broker, Workplace Benefits represents your interests — not the insurer’s — ensuring you get the best protection at the best price.
Why Choose Workplace Benefits
Independent Expertise
Independent brokerage with access to all major carriers
Tailored Solutions
Decades of expertise in life and group insurance programs
Dedicated Support
Transparent, data-driven approach to cost management
Cost Optimization
Ongoing renewal and claims support for peace of mind
National Reach
Local expertise across Alberta, British Columbia, and Ontario
Frequently Asked Questions
Everything you need to know about employee health benefits
What’s the difference between term life and whole life insurance?
Term life insurance covers employees for a set period (typically their employment), while whole life insurance is an individual permanent policy. Group term life is ideal for workplace coverage.
How much coverage is typically provided?
Most employers offer between 1x and 3x annual salary or a flat amount (e.g., $50,000–$250,000), depending on plan design.
Are employee premiums taxable?
Employer-paid premiums are typically a taxable benefit to employees, but death benefits are paid out tax-free.
Can employees increase their life insurance coverage?
Yes — optional employee-paid top-up coverage can often be added, sometimes without medical underwriting.
What happens when an employee leaves the company?
Employees can usually convert their group coverage to an individual policy without a medical exam within a specific timeframe.
Get Started with Group Term Life Insurance
Show your employees — and their families — that you care about their future. Whether you’re setting up life insurance for the first time or improving your existing plan, Workplace Benefits will help you find the most affordable, flexible, and comprehensive coverage available in Canada.
Workplace Benefits designs cost-effective employee benefits & retirement plans across Alberta, BC & Ontario—helping businesses protect teams, control costs, and retain top talent.
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