Benefits & financial services
We risk manage your human capital and protect your organization’s financial position
Navacord’s benefits and financial services division helps you navigate the complexities of running a business by allowing your people to focus on what matters most: driving performance, culture, and growth. Rather than leading with products, we lead with understanding – and act as a guiding partner of your business.
Group health & insurance benefits
We specialize in building competitive, comprehensive benefits programs tailored to your workforce—because a “one-size-fits-all" approach simply doesn’t deliver. With our consultative approach, we work closely with you to design functional solutions tailored to your organization, ensuring your employees have access to the coverage and support that makes most sense for them.
Accidental death & dismemberment
Additional financial support for employees and their families in the event of a severe accident resulting in loss of life or limbs.
Critical illness
Coverage for employees facing a serious health diagnosis.
- Group benefit consulting
Group benefit consulting
Strategic advice on building benefits packages that attract talent, manage costs, and align with your company goals.
Group dental and vision
Routine and major dental services, plus vision care.
- Group life insurance
Group life insurance
Financial protection for employees and their families with coverage that provides peace of mind.
Short & long-term disability
Income protection for short and long-term periods away from work due to health conditions.
Paramedical and mental health coverage
Support for health services like physiotherapy, massage therapy, counselling, and other professional care to support employees’ physical and mental wellbeing.
Health spending accounts (HSAs)/Wellness spending accounts (WSAs)
Flexible accounts that let employees use benefits for eligible health, wellness, or lifestyle expenses that matter most to them.
Group health
Coverage including hospital stays, prescription drugs, and preventive care for your employees and their families.
Retirement & financial wellbeing
Empowering employees to plan for the future is critical to a well-rounded total rewards strategy. We partner with you to develop retirement and financial wellbeing programs that go beyond savings—supporting financial literacy, long-term planning, and overall financial health. The result is a more engaged, secure workforce, better equipped to navigate today’s needs while building for tomorrow.
- Group retirement plans
Group retirement plans
Flexible programs including Registered Retirement Savings Plans (RRSPs), Deferred Profit Sharing Plans (DPSPs), Tax-Free Savings Accounts (TFSAs), and group pensions to help employees build long-term financial security.
Financial wellness programs
Education, tools, and guidance that help employees build confidence and make informed decisions about their day-to-day and long-term financial health.
Services that support employee wellbeing and HR teams
Extending care beyond coverage to support the everyday realities of work, we offer a suite of services designed to enhance employee wellbeing while simplifying the demands placed on HR teams. From personalized support to streamlined administration, our solutions lend to a more engaged and supported workforce.
Claims advocacy & management
Offers guidance and advocacy throughout the claims process to help resolve issues and support timely outcomes.
Employee assistance program
Confidential counseling and support services for your employees
Employee wellness
Programs supporting the physical and mental health of your team.
Absence management
Support to manage employee absences, including disability case coordination and coordinating with insurers on return-to-work planning that promotes sustainable reintegration.
HR support services
Dedicated support for benefits administration, compliance tracking, and employee communications.
Individual & specialized coverage
Not all needs fit within standard group benefits. We offer a range of individual and specialized coverage solutions designed to address unique circumstances, providing flexibility, continuity, and tailored support beyond traditional plans.
Indigenous group benefits & retirement
Coverage designed for Indigenous communities and organizations.
Individual health and dental plans
Personal health insurance outside of traditional employee benefits.
Multinational benefits
Coverage solutions for employees working across borders, including inbound and outbound (inpat and expat) programs that support consistent care, compliance, and continuity of benefits, globally.
Client advisory
Proactive guidance and tailored expertise to help you make informed decisions with confidence. Our advisory services are designed to support both organizational and individual needs.
Individual life & wealth consulting
Personalized advice that aligns insurance, investment, and financial planning strategies with individual goals and long-term wealth objectives.
Actuarial support
Data-driven analysis and modelling to inform plan design, pricing, and risk management decisions with accuracy and confidence.
Executive compensation strategy
Plans for key executives, including supplemental life and health coverage and retirement solutions such as SERPs.
Global healthcare and travel insurance
Coverage for employees working or travelling internationally, providing access to care, emergency support, and continuity of protection across borders.
Financial services
Ranging from day-to-day planning to complex wealth strategies, we help individuals and business owners organize, grow, and safeguard their financial position through professional advisory.
Financial planning
Plan for the future with guidance that supports everyday decisions, long‑term goals, and overall financial wellbeing.
Wealth management & investment advisory
Personalized investment strategies and portfolio management backed by the scale of over $7.5B in assets under management, helping clients grow and protect their wealth with confidence.
Estate planning
Strategies that align life insurance and investment solutions to help protect and transfer wealth efficiently.
Business succession & buy-sell planning
Planning solutions that help business owners prepare for ownership transitions, protect value, and ensure continuity.
Tax-advantaged savings (TFSA, IPP, RCA)
Solutions including Tax-Free Savings Accounts (TFSAs), Individual Pension Plans (IPPs), and Retirement Compensation Arrangements (RCAs) designed to optimize tax efficiency and long-term savings.
Workplace & risk prevention
Hands-on support that helps you manage people-related risk, strengthen internal practices, and better support employees to reduce administrative burden on your team.
HR support
Providing guidance and resources to help HR teams navigate policies, compliance, and people‑related challenges.
Training & education
Offering training and education designed to build awareness, reduce risk, and support a safer, more informed workplace.
Executive benefits, insurance and retirement plans
Customized programs for business owners and key executives, including supplemental health and life coverage, and retirement solutions such as Supplemental Executive Retirement Plans (SERPs).
Key person insurance
Protection for your business if leaders or specialists can't work, covering lost revenue and recruitment costs.
Life insurance
Policies for estate planning, mortgage protection, and family security beyond workplace coverage.
What to know about wealth management
Wealth management
Wealth management starts with a clear financial plan. Our advisors help you define goals and build strategies that align with your life, whether it’s investing, planning for retirement, funding education, or growing a legacy.
Managing over $7.5 billion in assets under management, Navacord brings the scale, expertise, and disciplined stewardship clients expect from a trusted advisor.
Our approach
Built on expertise, scale, and local insight
Truly Canadian
We understand Canadian businesses – because we are one. With teams in nearly every province, we help you navigate the unique challenges of operating across Canada while remaining local to your business.
We lead with understanding, not products
Our specialist-led, consultative approach focuses on a risk assessment of your business, culture, and people. By adapting your plans and services accordingly, we ensure there’s a tailored fit aligned to your needs.
Robust sector expertise and access
With diverse industry experience, combined with access to leading carriers, we’re able to deliver well-matched, competitive solutions for your business.
Empowering better outcomes
Optimizing programs for your organization
Enhancing the value of your workplace programs through focused insights, education, and tailored support designed to strengthen performance and employee experience.
Identify opportunities to improve plan performance, enhance employee experience, and reduce unnecessary spend across workplace programs and offerings.
Workshops and sessions that help employees better understand their options and make confident financial decisions.
Delivers personalized guidance to help employees align protection choices with life goals, priorities, and future needs.
Preferred programs and added-value offerings that support retention and enhance compensation value.
Identifies opportunities to improve efficiency and reduce unnecessary spend across workplace programs and offerings.
FAQs about benefits & financial services
We offer employee benefits programs, group insurance, retirement planning, and wealth management solutions. Our advisors help businesses design competitive benefits packages and individuals build long-term financial strategies tailored to their goals.
The process typically begins with a needs assessment, followed by plan design and rollout. An advisor supports you at each step to ensure the program fits your workplace goals.
Employee benefits packages typically combine health and dental plans, income protection, and retirement savings options. An advisor can help determine which elements make the most sense for your organization.
Yes. Navacord supports retirement planning through workplace programs and individual solutions, helping organizations and employees plan for long‑term financial security with informed guidance.
Group insurance is typically offered by an employer and provides coverage to employees under a single plan. Individual insurance is purchased personally and is tailored to one person’s needs, independent of an employer.
Navacord works with employers to proactively manage rising drug costs through plan design, data insights, and ongoing monitoring. This can include strategies such as formulary management, preferred pharmacy networks, and cost-sharing approaches, all balanced with the goal of maintaining appropriate access to necessary medications for employees.