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Voluntary Products

Upgrade Financial Wellness with Zero Cost or Administration

In today's competitive market, attracting and retaining top talent requires a benefits package that addresses employees' biggest long term concern: financial security. Traditional plans often come with budget constraints, complex CAP compliance, and administrative headaches.​

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The Question: What if you could offer a complete financial wellness solution that costs your company nothing and provides tailored support for everyone?

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The Solution: A single, effortless solution, combining a best-in-class voluntary retirement plan and access to guaranteed insurance products.

 

This is a unique solution designed to meet the growing demand for comprehensive employee financial wellness without placing any cost or administrative burden on your business.

Voluntary Retirement Plan

Securing a comfortable and worry-free retirement is one of the most significant financial goals for many of us - yet navigating the complexities of retirement plans can often feel overwhelming.

 

We offer a unique solution designed to meet the growing demand for comprehensive employee financial wellness without placing any cost or administrative burden on your business.

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Sphyra Benefits offers access to best in class Retirement Savings Plans - providing a significant, high-value benefit that positions you as an employer of choice.

The Win For Your Business

No Cost - No Complications

Zero Cost

  • No Employer Contributions Required

    • You provide a high-value benefit without impacting your bottom line​

  • Risk-Free Upgrade​​

    • Instantly boost your benefits profile and competetiveness at zero financial risk​

Zero Administrative Burden

  • No Administration Requirements​

  • Built-in CAP Compliance

  • No Payroll Involvement

    • Contributions are taken directy from the employee's bank account​

Strategic Support

  • Business Owner's Boutique

    • Gain dedicated access to strategic planning and ongoing support to help you manage and grow your business​

The Value For Your Employees

Security + Expertise

Secure Financial Future

  • Employees can build long-term wealth in their retirement savings plans at lower fees with industry leading funds

Flexibility + Choice

  • Employees choose their contribution amount

  • Employees determine their own investment strategy, with options including RRSP, TFSA and FHSA contributions

  • Ability to transfer existing RRSP, TFSA, and FHSA investments

Expert, Unbiased Advice

  • Employees gain free access to a financial coaching team who offer personalized, unbiased advice - empowering your team to make confident financial decisions

Voluntary Benefits Plan

Financial stress often comes from the unknown.

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What happens to your mortgage, your student loans, or your family's lifestyle if you get sick, injured, or pass away?

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This plan is designed to provide a safety net for your income and your debts, giving you peace of mind - regardless of what the future holds.

 

The Voluntary Benefits Plan offers Guaranteed Insurance Products so that you and your loved ones are protected without the headache of medical exams or the stress of being denied.​

 

Whether you are struggling to find life, critical illness or disability insurance for medical or other reasons, or you just need more than your current coverage, this plan provides guaranteed coverage for all of life's situations.

Designed To Support Every Stage of Life

Empowering You to Make Confidential Financial Decisions + Secure Your Future

Young + Healthy

  • If you have new debt (student loans, first mortgage), lock in these rates now to protect your financial future

Financial Caregivers

  • If you have children, a spouse, or aging parents relying on your income, this is the most secure way to ensure their stability if something happens to you

Previously Uninsurable

  • If you have been deterred from applying for insurance in the past due to a lengthy underwriting process, medical reasons, or lifestyle, this is your opportunity

No Medical Exams

No Cases Refused

Life Insurance

Tailored to Your Reality

Maintain Your Family Living Standards

  • Protect your mortgages, personal loans, and other financial commitments to ensure their payment in the event of your death - easing the financial burden on your beneficiaries

Leave an Inheritance for Your
Family

  • Leave an inheritance to secure the future and well-being of your family

  • Life insurance allows you to pass on lasting protection to those you cherish

Ensure the Continuity of Your Business

  • Secure the continuity of your business by providing your heirs with the means to buy your shares

  • Ensures a smooth transition and financial security for the future

Guaranteed Issue: Up to $100,000

Simplified Issue: Up to $500,000

Critical Illness

Take the Time to Recover Without Financial Worry

Financial Protection in the Event of a Diagnosis

  • One in three Canadians will experience illness that radically changes their lives

Benefit From Coverage For Your Daily Expenses

  • Use the funds received to contribute to your expenses during your recovery period

Keep Your Savings For Retirement

  • Avoid dipping into your RRSP or other investments to cover additional medical costs

Prioritize Your Recovery

  • Focus on your recovery knowing that the benefit you receive can provide financial support

Guaranteed Issue: Up to $25,000

Simplified Issue: Up to $50,000

Disability Income + Debt Insurance

Protect Your Income in the Event of Disability

Financial Protection

  • If you are unable to work due to illness or accident, you will receive regular benefits to replace part of your income, enabling you to cover your basic needs and maintain your standard of living

Worry-Free Recovery Support

  • Your recovery is essential. concentrate on healing - without worrying about financial troubles

  • Disability insurance gives you the peace of mind you need

Supplemental Health Insurance

  • Even with health insurance coverage, a loss of income in the event of disability is not always covered

  • Disability insurance offers you additional financial security

Guaranteed Issue: Up to $1,250/month

Simplified Issue: Up to $2,500/month

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