FAQ
Frequently Asked Questions
Do I need life insurance?
If you love someone or if you owe money, then the simple answer is yes. “I’ve got too much money,” is something no one ever says. At BPGS we use a needs analysis survey to help our clients identify just how much insurance they need and apply that information to come up with a balance between premiums and benefits.
What happens to coverage if an employee becomes disabled?
There are a number of things to consider if and when an employee becomes disabled. For a full explanation please view this document.
What kind of life insurance should I buy?
That’s a big question that requires discussion to answer. The important issue is determining the right amount of death benefit so that your family is adequately covered. The type of insurance is secondary to that. We can help you weigh the benefits of term versus permanent life insurance as you consider these important questions.
What happens if changes occur that affect my plan?
We know that economic, tax changes, family dynamics and a variety of other factors can affect your plan and ultimately impact your ability to reach your goals. We set a direction, review regularly and will change course if necessary. As life changes, we want to accommodate those changes. If you would like to receive timely information about changes that could affect you, SIGN UP to our email list.
Why should I work with you for my insurance needs?
Our reputation is based on integrity and trust. BPGS can help handle a wide-range of financial and insurance solutions. We have a long history of providing Alberta, British Columbia and Saskatchewan insurance and financial solutions to clients. No matter what your financial or insurance needs may be, we can help you find a solution.
Should I have employees cost share in monthly benefit premiums?
We will be able to advise on this during our initial meetings with your company.
How do I enrol a new employee on the benefit plan?
A new employee can sign in one of two ways: they can complete an employee application form or their plan’s administrator can enrol a new employee online through the My-Benefits site.
What is the waiting period for new employee to become eligible for benefits?
There is a standard 3 month waiting period for new employees.
How do I send in a dental claim or a claim for new glasses?
There are two different ways to submit a claim: an employee can submit a paper claim or can use the My-Benefits phone app and submit a claim online.
Can I cover my children on my benefit plan when they go to University?
Yes, dependents who are in university and who are solely depend on their parents can be covered under your plan until the age of 25.