Talking About Financial Matters That Affect You and Your Organization

Voluntary Benefits - Parachute

Posted by Gordon R. Hart

Dec 19th, 2019

Voluntary Benefits - Parachute

Organizations are challenged to keep their benefit plan offering relevant to ever changing workforce needs. One of the greatest needs is the protection against unexpected death or illness. While group benefit programs are intended to provide protection, they are often not enough for many plan members. The financial strain of trying to provide the best protection for all plan members is often too great. The additional administration and compliance of offering optional benefits to members is often not worth the risk. Enter Parachute.

Selectpath is a proud supporter of Parachute powered by Munich Re. This digital voluntary Life and Critical illness platform puts the power of guarantee issue coverage in the hands of your plan members while managing all the transactional work with zero employer involvement beyond marketing the plan. It is a simple way to expand your benefit options without increasing your budget. The streamlined on-boarding, customized communications, and intuitive technology tools help members access affordable flexible coverage at competitive rates. Convenient payment options along with a dedicated support team makes sure the easy to understand options are clear to members which helps facilitate better results.

This program is available to organizations with more than 20 employees and can offer up to $100,000 of Life Insurance and $30,000 of Critical Illness coverage without medical underwriting.

Reach out to your advisor or client care team member to learn more about how you can get the added value of Parachute platform to your plan members.

Voluntary Benefits - Parachute

Corporate Office - London

310-700 Richmond Street
London, ON N6A 5C7

Tel: (519) 675-1177

Toll-Free: (888) 327-5777



200-429 Exmouth Street
Sarnia, ON N7T 5P1

Tel: (519) 337-0807

Toll-Free: (877) 822-1522



305-1949 Upper Water Street

Halifax, NS B3J3N3

Tel: (902) 797-1391

Toll-Free: (833) 832-2230


Saint John

190-17 Canterbury Street

Saint John, NB E2L2C3

Tel: (506) 638-6549

Toll-Free: (833) 832-2230



Belle River, Ontario

1303 Essex County Road 22, Unit 303, N0R 1A0

Financial Tel: (519) 258-5510

Employee Benefits Tel: (519) 419-5515



1464 Cornwall Road, Unit 1

Oakville ON L6J 7W5

Tel: (866) 940-3777