Product & Services

Our mission is to provide our clients with the most cost effective benefit package, while maintaining the integrity of the overall plan design

We serve employers in all phases of growth, from start-ups to some of the largest professional firms in the Southern Regions of Ontario. We are very active in the insurance industry, keeping us on the cutting edge of new services and benefit trends. We leverage our excellent relationships with many carriers to bring you savings on your current plan or simply offer new companies a way of attracting and retaining quality employment.

We serve employers in all phases of growth...

In a constantly changing economy, we design flexible plans, whether your company is expanding ,contracting, or your workforce is changing, aging, or spreading out geographically. We’ll thoroughly review your plan to optimize the balance of premiums versus out-of-pocket expenses. GBS will also fine-tune your plan to ensure affinity with the demographic characteristics of your employee.

Your organization is unique

and we understand that. Your group might have hundreds of people, or perhaps you can count them all on one hand. What ever your group size or benefits goals, our people have the knowledge and tools to help identify and meet your needs.”

Financial Planning

Our financial security advisors work with you to prepare for disability, dying prematurely, or living longer than you expected. We will help you define your goals, develop a strategy that fits with your personality, and implement a plan to get the results you want.

Succession Planning
Estate Planning
Executive Savings Plans
Alternate tax sheltering investments
Owner/Executive disability coverage
Buy-Sell funding
Retirement planning

Investments:

Turning financial dreams into realities starts with a little planning.

Registered retirement savings plan (RRSPs):

What are your retirement goals? Could our unique integrated planning process help you realize the lifestyle you see for yourself in retirement?

Registerd retirement income fund (RRIFs), life income fund (LIFs) and payout annuities:

If you have already retired or plan to retire soon, I can help you maximize your income potential, ensure flexibility and minimize your taxable income.

Investment loans:

Have you considered how a leverage strategy could fit into your financial security plan? We can provide you with loan options that can make your investment strategies come to life. Whether you are borrowing to make your annual RRSP contribution, catch up on previous years’ missed contributions or you would like to purchase investment funds to take advantage of the benefits of a leverage strategy, we will work closely with you to determine if this is a suitable strategy for you.

Group Retirement Planning

Offers an employer a competitive advantage over their competition and demonstrates commitment to employees.It also allows for access to savings plans normally only available to larger companies.

Easy administration
No minimum funding required
No employer contributions required
No minimum number of employees required to participate
No deferred sales charges
Lower management expense rations (MERs) through group buying power
Competitive interest rates
Personal and spousal RRSPs available

Statements available 24/7 on website
You may transfer individual RRSPS to the plan
Immediate income tax savings through payroll deduction contributions
Plans are totally portable
Creditor protection potential
Funds bypass probate costs at death
Info-investment line for investment guidance

Plan Summary

Competitive advantage for employer
No annual minimums
No-Load Funds
No Annual Charges
Maximize investment funds for employees
Plans are totally portable

With GBS-Group Benefit Solutions Inc., you’ll discover a wide range of products and services to help you reach your financial security goals.

Whether it’s saving for your child’s education, planning a vacation, building a nest egg for retirement, investing in a small business or managing your finances during retirement, we can help you create and investment portfolio that’s tailored to your needs.

Retirement/Investments

Individual Products

How much is enough? What type of coverage suits your needs? What is your budget? Through a complete planning process, our team of product specialists will help you to identify the most suitable tax-saving strategies, understand your estate planning options and customize your insurance programs to meet your family’s needs today and in the future.

Having the right life insurance protection can make a big difference in your life and the lives of those close to you. A proper financial security plan that includes life insurance can mean the difference between leaving your estate financially secure and leaving behind debts and an inadequate income.

There are two types of life insurance: permanent and term. They are two different types of protection that satisfy many different life insurance needs. Term may be all the life insurance you’ll ever need, or it may be used as an interim step before purchasing permanent insurance. Possibly, a combination of term and permanent in the same policy may be the best solution for you. Allow one of our financial security advisors show you the strengths of each and their differences. Contact us for more information.

Term Life Insurance

Term life insurance is well-suited to meeting large, short-term protection needs for the lowest initial cost. For example, a couple with young children and/or a mortgage might select term life insurance as an affordable way to obtain the full coverage they need today. Term life insurance policies do a good job of meeting immediate needs and are renewable after five, 10 or 20 years without providing proof of health. The price will increase so that it’s appropriate for your age at renewal, and the increase in premium can become substantial in later years. Coverage ceases for the majority of term contracts once you reach the age of 75 or 80. Term life insurance provides the option to later move, or convert to a permanent life insurance policy without providing proof of health. However, this ability to convert to permanent life insurance often expires around age 65 or 70. When purchasing term life insurance, you need to understand your conversion options. For specific information about what life insurance can do for you and how you can benefit from owning a policy, speak to one of our financial security advisors. They can show you ways to tailor your life insurance policy. Contact us for more information

Permanent Life Insurance

Permanent Life Insurance – as the name implies – protects you for your lifetime. It can build cash surrender values and provide a death benefit. Some permanent policies pay policy owner dividends participating or if the permanent policy you are considering has a cash surrender value, you should review the product guide provided by the insurance company to better understand how the assets backing the policy are managed and how these assets are used to accumulate value within the policy.

Permanent Life Participating Life Insurance

Permanent participating insurance policies have potential for earning policy owner dividends. Favourable investment returns, mortality and expense experience generate earnings in the par account – a portion of which can then be paid to policy owners in the form of dividends. You choose how you want your dividends to be used. The most popular dividend options are either to use dividends to buy additional permanent coverage each year or to buy a combination of term and permanent insurance, which can make a larger amount of coverage more affordable. The first option provides an increasing death benefit that can offset the effect of inflation over the longer term. Higher premium options generally provide higher long-term growth (i.e. paying a high premium may mean you will receive higher values over the longer term). The insurance company manages the investment portion of a participating policy, so it doesn’t require hands-on management by the policy owner. Assets in the participating account are managed in a diversified portfolio and are invested primarily in bonds, mortgages, equities and real estate.

Universal Life Insurance

Universal life provides permanent life insurance with a tax-advantaged investment component. As cash values accumulate, they can be used to pay part or all of the cost of your insurance or to increase the death benefit. You select an investment mix that is as individual as you are – taking into account your financial goals and circumstances and the amount of investment risk you’re comfortable with. This type of policy is attractive for people who want to actively manage their insurance policy.

Disability Insurance

Have you considered how you and your family would be impacted if you were to become sick or hurt? Do you have a contingency plan in place? What would happen to your retirement plans? Our goals in working with you is to help educate you so you can make sounds decisions that make sense for your unique situation.
We provide disability coverage that’s designed to help address your needs and protect your ability to earn an income-something that could be jeopardized the second a disability strikes. Accidents and illnesses are facts of life. They could happen to anyone at any time.

Did you know that:…

1 in 3 people, on average, will be disabled for 90 days or longer at least once before age 65.
The average length of a disability that lasts over 90 days is 2.9 years.
Source: CIA 86-92 Aggregate Table & 1985 Commissioner’s Disability Table A (Experience Table)

Do you have a plan in place to cover your monthly expenses for 2.9 years? The average person will be able to maintain their lifestyle for approximately three months.

Critical Illness Protection:

Critical illness (CI) insurance provides a lump-sum benefit to an insured person on the diagnosis of a covered medical condition. The benefit can be used to pay for on- going care, home modification to accommodate the condition, access to foreign medical treatment that may not be available at home, or for any other purpose the insured deems to be appropriate. Many critical illness plans offer riders such as return of premium, therefore if you never claim you will receive your premium dollars back. Consider CI with a return of premium as a forced savings account with an element of insurance security in the event of an illness.

At GBS Insurance Solutions Inc., your mortgage insurance should be a part of financial security plan. We will also refer you to a London Life mortgage planning specialists who can help select a mortgage that works for you.

We’d like to show you the advantages of protecting your family by using individual life insurance instead of the mortgage insurance offered by most lending institutions. These advantages include:

To find out more about mortgage life insurance coverage or for a referral to a mortgage planning specialist to obtain a competitive mortgage rate,

Protecting your business is our business

With flexibility to only use what you need, when you need it – combine one or more of our products for a tailored solution.