Life Insurance, Group Benefits and Wealth Management

Through our division, ClearPath Insurance Group Inc., we deliver customized Life Insurance, Group Benefits and Wealth Management solutions to our clients.

Our Approach

We create a comfortable environment to help educate our clients so they understand the impact and effect that all of their financial decisions will have, now and in their future. We believe if clients are aware of the challenges that we all face, it will add also to their peace of mind.

We can discuss the merits of many different life insurance products and determine which product is the best fit for you.

Group Benefits

ClearPath Insurance Group designs customized plans to ensure that each client meets their corporate Group Benefits objectives.

Plan Design Consulting is critical to the ongoing viability of a Group Benefits Plan. We offer cost-effective and creative solutions to specific employee needs. The ClearPath Team reviews the features of your current plan if there is one in place, the options available in the marketplace, and a qualification of cost containment options available to your group program and employees.

Projection of Future Benefit Costs allows you to take a proactive approach to future planning and ensures the ongoing success of your Group Benefits Plan. We provide a detailed analysis of your claim's situation and what is driving your costs including inflation, utilization, new legislative and/or regulatory changes made to provincial plans.

Coordination with Provincial Plans ensures that your Group Benefits Plan is not paying for the portion of drug costs that should be paid by a provincial drug program. Group Benefits Drug Plans are designed to supplement government drug programs and will pay for many of the drugs not covered under the government programs.

Claims Experience Reporting to review and analyze your Group Benefits Plan's claims experience quarterly. This keeps you up to date on the financial status of your plan and informs you of any trends that may adversely affect your renewal rates.

Annual Renewal Reviews ensure that you are obtaining the best value at renewal by evaluating the financial position of the plan and the renewal projections.

Market Review studies your current plan design, rates, and premiums to ensure that your Group Benefits Plan meet your needs. We prepare specifications to be sent to appropriate insurance carriers, provide a formal report summarizing the carrier's results with both quantitative and qualitative results.

Risk Management identifies and controls risks from a variety of sources including cost risk, liability risk, task risk, and performance risk. We provide risk reviews, analysis, and recommendations so that you enjoy the maximum value for the money that you have invested in your Group Benefits Plan.

Financial Agreement Review develops and/or reviews the underwriting/financial agreement to ensure that all parties - client, insurer, and consultant- are aware of the expenses charged by the insurance carrier as well as the shared risk, if any, including funding mechanisms, pooling levels, life and disability reserve analysis, and trend and lag studies.

Underwriting Review assesses and evaluates medical, non-medical, and financial risks, monitoring both the financial operations of the plan and the benefit contract.

Employee Communication educates employees on the group benefit plan and the costs, provides orientation, employee meetings, on-going communication of benefits to employees, and special communications as needed.

Wealth Management

Our Definition of Financial Success

To create the maximum wealth optimally possible. There is a unique value for everyone and it varies based on income, assets, lifestyle, family situation etc. We seek to help build maximum wealth without assuming greater risk through improved financial efficiency.

  • For our clients to spend and enjoy the wealth they’ve accumulated. A dollar only has real value when it is consumed. Most people spend their entire lives accumulating wealth. We want our clients to have the ability to access their wealth.
  • To pass it on. We seek to build family and charitable legacies into the long range plan. When clients accumulate wealth, they naturally want as much of it to get to the right people. There are six places money can go upon your death. Rather than passing money on to the government, financial institutions or other affluent people, we build plans designed to focus on the ultimate transfer of as much of our client’s assets as they’d prefer to their families, charities or religious affiliations.
  • One bad day shouldn’t ruin the entire plan; it must work under all circumstances. We want financial solutions to work even if tax laws change, interest rates fluctuate, the markets are volatile, premature death, disability, lawsuits or fortunately our clients live too long.

Our Objectives

  • To increase the amount of money you will have throughout your lifetime
  • To reduce taxation
  • To give you better control of your money
  • To lower financial costs
  • To provide greater insurance protection
  • To decrease financial risk
  • To educate clients about how money works and the factors that impact financial decisions
  • To provide organization of your financial life
  • To provide a verifiable process

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Krause Edwards took the time to understand our industry and business model. They continue to bring forward strategies to address our concerns regarding exposure to risk. Brian and his team demonstrate the true meaning of customer service and have the qualities I look for in a business relationship, trust, integrity and a timely response to insurance queries.  

Karen Dmyterko, Controller
JEBCO Industries Inc.