O'Neill Review | Spring 2023
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Spring is in full force and it is certainly a treat this year with warm sunny days well needed after a winter that dragged on a tad too long. First and foremost, as things are heating up, we are excited to announce some new additions to our team!
Please join us in welcoming Grace and Danielle to our company. Grace comes to us with a Bachelor's specializing in Criminology and is providing support to the Individual Insurance department. Danielle joins us with over 10 years of experience in sales, administration, and customer service. She is supporting the employee benefits team. We are delighted to have them here and are confident they will make great additions to the team.
Some interesting reading in this edition of our newsletter. I hope you enjoy. Wishing you and your family all the best for a long and warm Spring and Summer.
Cheers,
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Improving Workplace Outcomes by Prioritizing Mental Health Benefits
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Canada Life's My Par Gift, a New Way to Make a Difference
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When Did Safety Get So Volatile?
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Back to Healthy Habits
There’s no question the pandemic turned our lives upside down and took a toll on our overall well-being. While we stayed at home, many of us exercised less, ate more comfort food and lost the emotional support that comes from socializing with family and friends. Two long years have passed, and now it’s time to find ways to re-energize our physical and mental health.
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Enhance Your Legacy
After reaching a certain station in life, almost everyone has an “estate” that consists of some money and other assets that can be passed along to the next generation. However, few people have a written estate plan that specifically outlines who will get what and when. Even fewer remember to update their estate plan after a significant life event, such as marriage, divorce, the birth of a child or the death of a beneficiary.
Click here to read more.
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Improving Workplace Outcomes by Prioritizing Mental Health Benefits
Benefits plans continue to evolve year after year, but the one area that continues to fall short in many programs is having sufficient mental health support. The Canadian Psychological Association now recommends having between $3,500 to $4,000 per year of paramedical coverage in a benefits plan. With the growing need for mental health services in Canada, it's important that employers evaluate the level of support within their benefits platforms. Studies show that by offering comprehensive mental health coverage and resources, employers can create a healthier and more productive workplace, improve employee retention, and enhance their bottom line.
Click here to read more.
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Canada Life's My Par Gift, a New Way to Make a Difference
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You may have contemplated an endowment to your favorite charity but were uncertain about how to proceed; one option is the gift of Life insurance.
In the past, gifting life insurance to a charity required a long term commitment from both the Patron and the Charity. The Patron entered into a financial commitment to pay premiums over a number of years while the Charity waited to receive the benefit. Canada Life has attempted to address the long term commitment for both the Patron and the Charity with the launch of their new, non-exempt Whole Life insurance plan, My Par Gift Whole Life.
Click here to read more.
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When Did Safety Get So Volatile?
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Fixed-income securities, commonly known as bonds, have traditionally played a conservative role in investment portfolios, aiming to provide stable returns (albeit lower than equities) while offering downside protection. In essence, fixed-income is intended to be the safer component of a portfolio.
However, 2022 proved to be a challenging year for fixed-income securities due to their inverse relationship with interest rates. This means that as interest rates rise, bond prices tend to fall, and when interest rates decline, bond prices tend to rise. As interest rates increased significantly worldwide in 2022, fixed-income securities suffered, along with the theoretically safe portion of many investment portfolios.
Click here to read more.
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