Calla Cares (Blog)


Canada Life Introduces RESP for Group Plan Members

Posted by on 3:38 pm in Canada Life Financial, Group Extended Health Plans, Health Benefits, RESP, Retirement Planning | 0 comments

Canada Life Introduces RESP for Group Plan Members Canadians want to give their children a better future and send them to post-secondary education; however, paying high tuition fees makes learning a privilege and put a lot of financial stress on families. According to Statistics Canada 2019/2020 data, the average tuition cost for Canadian undergraduate programs was $6,463. This number is estimated to go up to $6,610 in 2020/2021. Families struggle to make ends meet and experience challenging times to reach their retirement goals.  ...

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Critical Illness Insurance: It is a Matter of Life

Posted by on 1:04 pm in Critical Illness Insurance, Group Extended Health Plans, Health & Wellness, Health Benefits | 0 comments

Critical Illness Insurance It is a Matter of Life “I was enjoying a wonderful life with my husband, his children and a grandchild. I remember the day I re-discovered my second lump. I was disappointed, and I said to myself, “Here we go again!” This time the cancer was on the left side, yet again I knew I had to go through all the same procedures; mammograms, ultrasounds, biopsy and that anxious wait!” – Ida Sue Calla Critical Illness Insurance covers you and your dependents for unexpected serious illnesses from a predetermined list of covered...

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Health Insurance for Seniors | Invitation for Victor Insurance’s 2020 Open Enrollment

Posted by on 2:07 pm in Health & Wellness, Retirement Planning | 0 comments

Health Insurance for Seniors Invitation for Victor Insurance's 2020 Open Enrollment Are you considering purchasing additional health & travel insurance at age 60? You are not alone!   The older we get, it gets harder to afford proper healthcare. Hidden healthcare costs can be shocking for many retirees since ageing comes with the additional risk of falling sick. Especially if you have a chronic medical condition requiring regular prescriptions, it makes sense to purchase that health insurance. From September 1 – October 31, 2020,...

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Golden Rules of Investing | Corona Virus & Your Retirement Savings

Posted by on 11:57 am in COVID19, Registered Pension Plans, Retirement Planning | 0 comments

Golden Rules of Investing Corona Virus & Your Retirement Savings Perhaps you remember, during the early days of the COVID-19 pandemic, we all watched stock markets turn decidedly negative - quickly. During this time, many of you had rightful concerns regarding your hard-earned savings and willingly reached out to our team to ask questions such as: Is my Registered Pension Plan safe? Is now a good time to make some changes? How do I change my investments in my Registered Pension Plan? As Canada slowly reopens, the federal and local...

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New Covid-19 Protocol

Posted by on 4:53 pm in COVID19, Health & Wellness | 0 comments

New COVID-19 Protocol Prevention Measures Dear Clients, As the COVID-19 restrictions begin to ease off, we are slowly opening our doors to serve you. To reduce the impact of COVID-19 outbreak conditions on our businesses, among our employees and customers, it is essential to comply with the social distancing policies. We are paying close attention to regulations and guidance issued by federal and local government agencies. We encourage everyone to follow the best practices for minimizing the spread of COVID-19. Therefore, we implemented Basic...

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Premium Deductions For Dental and Extended Health Care Due to COVID-19

Posted by on 4:17 pm in Canada Life Financial, COVID19, Group Extended Health Plans, Health & Wellness, Health Benefits, Sun Life Financial | 0 comments

Premium Deductions For Dental and Extended Health Care Due to COVID-19 Dear Plan Administrators, Due to the COVID-19 pandemic, many dental and health practitioners have been forced to close. Therefore, the use of dental and some other extended health care benefits have declined. Canada`s two major insurance companies, Sun Life and Canada Life have recently announced premium deduction for dental and non-drug-related extended health care benefits for their group insurance clients. Sun Life Financial Here are the changes Sun Life is making for...

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Update on Operations at Calla Financial Services Ltd.

Posted by on 12:38 pm in COVID19 | 0 comments

Update on Operations at Calla Financial Services Ltd. As of today, we surpassed 1 month of altered operations and work from home. We are pleased to report that all our clients remain in business and are continuing to operate, albeit in unusual circumstances.   We were quickly able to shift our service model and continue to interact and support our clients via email, telephone, Zoom and other media. Our switchboard is operating normally. You can also reach your support team directly on their mobile devices or by email. We are striving to...

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The Science and Software to Make Your Team Happy and More Productive at Work : Gamification

Posted by on 2:20 pm in Health & Wellness, Health Benefits, Mental Health, Personal Finance & Wellness | 0 comments

Gamification The Science and Software to Make Your Team Happy and More Productive at Work Organizations have seen the rapid ascent of computing technology for employee well-being in the last two decades. This includes a broad range of applications, employees monitoring and managing their own health, and with games transforming long periods of unrewarding work to something fun. Question is can managers reward their employees with their achievements while lowering healthcare costs and decrease absenteeism? The term called ‘Gamification’ became...

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Being Proactive with Critical Illness Insurance

Posted by on 1:16 pm in Health & Wellness | 0 comments

Critical Illness insurance is a “Living Benefit,” that provides you with a Tax-Free lump sum payment upon diagnosis of a critical illness. It can be purchased to cover you and your family (children between 15days-17 inclusive) for up to 30 qualifying conditions. The coverage is designed to mitigate financial struggles when an individual is unexpectedly diagnosed with a life-threatening condition such as;

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Being Smart with Your Finances Starts with Understanding Your Retirement Plan & Having an Investment Strategy

Posted by on 3:55 pm in Personal Finance & Wellness | 0 comments

Being Smart with Your Finances Starts with Understanding Your Retirement Plan & Having an Investment Strategy A pension plan is a valuable component to any retirement plan. If you are participating in a pension plan at work, you should be receiving a pension plan statement at least annually from your pension plan provider illustrating the performance of your pension plan. Read your statement carefully, often it will include an estimate of the projected income you could expect at retirement.

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