SSQ and Mercer to offer specialty products for retireesBy Andrew Rickard | June 03 2016 11:33AM
SSQ Financial Group and Mercer Canada have joined together to offer a suite of products designed for retirees.
On May 30, Quebec insurer SSQ and human benefits consulting firm Mercer announced a partnership agreement that provides for the launch of new individual health, travel and life insurance products for retirees. The new products will be available to retirees of the companies in Mercer's Canadian portfolio.
In an accompanying press release, SSQ noted that the entire program, from application to insurance benefits, will be completed online.
Distinctive digital solution
"Mercer and SSQ really wanted to offer a distinctive digital solution to employees, many of whom lose their employee benefits when they retire. Moreover, this is a turnkey solution for employers who want to provide their employees nearing retirement with easier access to insurance coverage," comments Carl Laflamme, senior vice-president of group insurance at SSQ.
A recent study conducted by Mercer found that fewer than 30% of employers offer benefits to their retirees. "This program will offer a way to provide access to flexible and affordable insurance without requiring a financial contribution from employers," concludes the announcement.