Fraud Is Still A Major Concern – But Are Startups Really Impacted?

There is a lot of money in insurance. According to the Canadian Life and Health Insurance Association, private insurers paid out a whopping $34 billion in health claims last year! And as history has shown us, when there is a lot of money pooled in any given area, it can inevitably trigger greed – which in this case comes to…

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Are You Ready? OHIP+ Amendments Take Effect April 1st

The OHIP+ program, which has offered free prescription medication to all Ontarians under the age of 24 since January 1st, 2018, will undergo changes at the end of March. Teens and young adults under the age of 24 with any form of private health benefits will no longer be eligible to receive free prescriptions through OHIP+, but for those who do…

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April 2nd Is National Employee Benefits Day – And Why It Matters

National Employee Benefits Day was created in 2004 and is celebrated annually each April in the United States and Canada. The value of offering benefits coverage to staff is getting so important that it merits its own day. It is fascinating to see this growing movement that has stretched employer wellness programs to encompass all areas of total well-being: physical, mental,…

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The Lack Of Benefits To The Gig Economy Is A Looming Issue

The nature of work has changed rapidly over the past two decades. This new generation of workers are trading the stability of a traditional workplace for unconventional hours and intermittent revenue streams in order to have the flexibility and freedom to customize their work around their lives. While the debate as to whether this is a healthy and sustainable practice…

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The Mental Health Epidemic Is Very Real In The Entrepreneurial Ecosystem 

“With each passing unnecessary death, the importance of mental health comes briefly into focus - but that focus lasts no longer than a news cycle and nothing changes.” Between raising money, managing people, networking, making quotas, building a client base and constantly innovating, the treadmill never stops for entrepreneurs, leaving many feeling physically and emotionally drained. It can be a…

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Year In Review 2018: What’s On The Horizon For 2019

With everything that went on in the insurance arena in 2018, I’m proud to see where everything is trending and evolving towards. Especially when you look at it from a coverage and technology standpoint, some carriers are really adapting faster than others - and it’s actually a win-win for everybody. The exciting challenge is for the advisor to keep up…

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Why Plan Sponsors Should Consider Adding Life Insurance In 2019

When you work with start-ups as often as I have for so many years, you really see this, “I’m invincible” mindset that nothing is going to happen to them. And while I would be lying if I said I hadn’t embodied that mentality when I was younger, the value of having life insurance added to your plan in your 20’s…

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IPFS President, Chris Gory, Finalist For Life & Health Advisor Of The Year

The Insurance Business Awards for 2018 are once again upon us, with an even bigger lineup representing the insurance professions’ best and brightest. This black-tie ceremony brings together 500 top professionals in the insurance community, recognizing high-performance insurance teams, senior-level insurance professionals, young guns and the rising stars. Chris Gory, the President of Insurance Portfolio Financial Services, is one of…

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Why G19 Is A Great Opportunity To Level The Playing Field

Despite a somewhat rocky narrative surrounding the Canadian Life and Health Insurance Association’s (CLHIA) plan to establish industry standards for compensation disclosure – it still provides a very unique opportunity to level-set on many antiquated areas. Guideline G19, Compensation Disclosure in Group Benefits and Group Retirement Services made waves in the benefits community this past year as it aims to put…

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Toronto’s Tech Boom: Brain Drain or Gain?

Toronto’s tech scene is scorching hot right now! According to recent reports, Toronto created more jobs than the San Francisco Bay area, Seattle and Washington, D.C., combined last year. It has been hailed as the “up and coming startup centre in North America,” and continues to solidify itself as a major international player in the tech space. While all the…

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