01 Sep Choosing the Right Benefits Advisor: It’s More Than a Good Rate
In today’s dynamic benefits landscape, the world of insurance brokers and consultants is abuzz with conventional strategies that promise the moon but often deliver nothing more than short-term gains. Enter JRP – the beacon of change in an industry that sorely needs it. If you’re tired of the same old stories, the traditional churn, and the inevitable sticker shock at renewal, it’s time to explore the extraordinary with JRP.
Let’s be real – the traditional insurance brokers’ playbook is worn out. Countless hours and resources are poured into front-end pricing and extended rate guarantees, while back-end liabilities and long-term sustainability take a backseat. As the landscape shifts and specialty drugs become even more prevalent, the absence of proactive benefits management is causing unaffordable hikes in renewal premiums for Canadian businesses.
When selecting a broker to advise on your benefit program, remember: there is far more to consider than the rate you’re quoted or the carrier that the broker represents. Every broker in the industry can go to market and get you the same competitive pricing. Your decision should be focused on the brokers’ specialized knowledge, their commitment to group benefits, and their ability to navigate the complex landscape with finesse. Some brokers excel as Life Insurance advisors, financial consultants, and investment managers; however, they lack significant experience in group benefits, which constitutes an entirely distinct realm from individual insurance. Employee benefits are not a part-time job for us or a small component of our overall portfolio – they’re our passion and expertise.
We want you to consider this: What value does your broker provide for you throughout the year and at renewal? After all, you’re not paying for service alone; you’re investing in advice that will impact your bottom line. Traditional brokers earn 8-15% commissions on your premium, leading to significant pay raises, if your rate increases at renewal. It may not be in their best interest to find alternate solutions or negotiate with the carrier on your behalf. We understand the responsibility that comes with your trust, and we’re dedicated to ensuring you get the most value for every dollar spent.
The JRP Difference: Innovation, Transparency, Sustainability
So, what sets us apart? Our focus is not just on competitive pricing, but on lasting value. We’ve all heard about brokers capitalizing on initial savings only to see them evaporate at renewal or at the end of a rate guarantee. Our promise is different: we’re not here to play the same old games and seek quick fixes, we’re building long-term partnerships – redefining how benefits are managed, ensuring your investment grows sustainably over time.
Since 2011, JRP has acquired hundreds of clients all across Canada, breaking free from the shackles of outdated paradigms, we’ve embraced innovation, transparency, and sustainability as our guiding principles. Our strategic advisory services go beyond conventional practices such as marketing your benefit plan, negotiating renewals, or modifying plan designs. We offer a dedicated client services team, effective cost-reduction strategies, numerous resources, and, most importantly, we schedule meetings with our clients every 90 days to ensure that you are always on the right path. During these meetings, we provide custom analyses and reports, keeping you informed and presented with new opportunities.
The age-old strategy of cutting corners and chasing short-term gains is simply not sustainable. As Howard Schultz of Starbucks once learned, “cutting prices is not a sustainable strategy.” If you’re ready to embrace the extraordinary, if you’re weary of the same old cycle, it’s time to join us at JRP.
Download our JRP Strategic Advisory Services PDF!
We want to ensure that your investment is protected by providing you with the knowledge and resources to make educated decisions for your health and dental benefits.
PRINT NOW !In an industry where tradition often reigns supreme, JRP is the vanguard of change. Reach out today, and let’s embark on a journey towards benefits management that’s transparent, innovative, and built for the long haul. Because in the end, it’s not about just managing your benefits – it’s about securing your future and taking thoughtful care of your team.
YOU DESERVE MORE THAN YOU THINK®