June 16, 2005
Standard Life launches Source™ - its new group insurance package for businesses with 5 to 49 employees
Montreal, June 16, 2005 - The Standard Life Assurance Company of Canada announced today that it launched Source, its new group insurance package for businesses with 5 to 49 employees. Whether large or small, every business is unique and has its own individual needs. Source is specifically designed to adapt and meet the business' changing needs as it grows.
Source is more than a package of competitive benefits offered at a reasonable cost - it offers leading-edge technology, simplified daily administration and high-quality customer service - all of which gives employers and employees more time to build a solid, prosperous business.
"Our research, especially with benefits specialists in this market segment, has confirmed our wish to offer growing businesses advantageous, affordable group insurance benefits bearing their specific concerns in mind," states Yves L. Giroux, National Director, Small Business Solutions. "We are convinced that Source will meet their expressed needs and follow the changes in this dynamic sector, which plays a crucial role in the Canadian economy."
The Entrepreneurship portion of the Source program gives business owners a competitive edge because of its preferential rates for an annual checkup in a private clinic, access to a private room in case of hospitalization, home care in the event of disability, and improved coverage during foreign travel, among other things.
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For more information:
Michèle Parent
Vice-President
External Communications and Corporate Affairs
Standard Life
Telephone: (514) 499-4273
Alain Prévost
Senior Consultant
External Communications and Corporate Affairs
Standard Life
Telephone: (514) 499-2424
About Standard Life:
The Standard Life Assurance Company of Canada and its affiliated companies have $36.1 billion in assets under management and offer a wide range of financial products and services to over 1.2 million customers. Products and services include group savings and retirement, group insurance, individual life insurance, savings and retirement, mutual funds, portfolio management and real estate and mortgage investment services. Total premium income and deposits reached $4.6 billion in 2004. (www.standardlife.ca)
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