In 1847, The Canada Life Assurance Company was founded. Canada Life is now one of the eight oldest insurers serving the public of North America. The United States division was created in 1971 to more effectively serve the needs of its U.S. Policyholders and to respond more quickly to the changing market condition in the increasingly sophisticated and professional climate in the United States. Over time, the Division has grown and absorbed functions from the home office in Toronto. Today the U.S. Division is an autonomous business unit offering individual life products, fixed and variable annuities, pension plans, and a variety of group insurance products. The U.S. Division opened its Home Office in Atlanta, Georgia, in 1980. Today, all administrative and marketing functions for the United States are centered in Atlanta. OUR VISION: Canada Life - a world-class financial services provider, delivering exceptional customer value and winning markets through the excellence and integrity of our people. OUR VALUES: Customer commitment, Leadership, Entreprenuership, Continuous Learning, Integrity, Partnership, Financial Strength, and Community Citizenship. OUR BENEFITS PACKAGE Canada Life provides a comprehensive benefits package to all full time and part time employees who work 30 regularly scheduled hours per week. Here is a brief description of our benefits. PAID TIME OFF:
HEALTH INSURANCE: Health Insurance is effective on date of hire and is administered by United Healthcare. Employees can select the Point of Service (POS) plan or the Preferred Provider Organization (PPO) plan. The Point of Service (POS) plan requires employees to choose a Primary Care Physician, and offers a $15.00 office visit co-pay and prescription co-pay of $5.00 or $15.00. The Preferred Provider Organization (PPO) plan requires a $300.00 deductible per person and $600 per family. The plan will then pay 90% of medical costs, within the PPO network, or 60% for services outside the PPO network. DENTAL INSURANCE: Dental Insurance is effective on date of hire and is administered by Canada Life. Dental coverage includes 2 cleanings annually, 80% reimbursement for services such as fillings and 50% for services such as crowns and inlays. VISION INSURANCE: Vision Insurance is effective on date of hire and is administered by VSP. The plan offers a $10.00 office visit co-pay, including eye exam and $25.00 co-pay for materials. DISABILITY INSURANCE: We offer Short Term Disability paid at 66 2/3% of salary, and Long Term Disability paid at 60%. There is no cost for STD and a minimal cost for LTD. GROUP LIFE INSURANCE: We offer one times 1(X) employees salary at no cost. We also offer at a minimal cost:
401(k): Employees are eligible to participate after 6 months or 1,000 hours of service. Employees can choose to save up to 15% of your salary, pre-tax or post-tax. The Company matches 50 cents on every dollar contributed on 6% of your salary up to a maximum of $1,800 annually. PENSION PLAN: Our pension plan is non-contributory and employees are vested after 5 years. TUITION REIMBURSEMENT PROGRAM: A tuition program is available for employees who have one year of continuous service. The company will reimburse 80% of the resident tuition cost ($3,000 annual max.) if at least a “C” grade is obtained for undergraduate coursework, or at least a “B” is obtained for graduate coursework.
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