Empire Life Health Insurance

What are the Different Health Insurance Plans Offered by Empire Life

Empire Life provides Extended Health Henefits (EHB) in its group insurance plan. EHB covers healthcare costs not covered by your provincial healthcare plans. With Extended Health Care Benefits, you can design a plan that considers your budget and benefits philosophy. Furthermore, you can decide the amount you will invest in each benefit type such as major medical, prescription drugs, vision care and paramedical etc.

You can also take advantage of the Drug and Dental Benefits provided to group members. Each of the benefits offers comprehensive coverage.

What Does Empire Life Group Benefit Cover?

Empire Life offers several group insurance benefits for group members and administrators. Several products are provided under the group plan. These include:

Empire Life Health Insurance News

In its second quarter result on August 2, 2018, Empire Life Insurance Company reported a common shareholder’s net income of $57.3 million which is $23.9 million higher when compared to $33.4 million for 2017. This reflects a 71% increase; the common shareholder’s net income for 2017 was $83.6 million but with the second quarter result, it increased to $96.0 million.

Several factors can be attributed to the increase in earnings in the second quarter of 2018 when compared to 2017. These include the increased gain due to management actions, greater investment gains in the various individual product lines of the company and the enhanced operating performance across all the product lines.

Furthermore, the 15% increase in the common shareholder’s net income year to date is due to better operating performance through the entire product lines, higher experience gains in the individual insurance and employee benefit product lines.

To learn more about Empire Life Insurance, click here.