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The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Discover the new Canada Life

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Discover the new Canada Life

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Freedom 55 Financial is a division of The Canada Life Assurance Company and the information you requested can be found here.

Supporting family-building in the workplace

Key takeaways

  • More employees than you realize may experience fertility challenges
  • Adding Canada Life’s family-building coverage to your benefits plan is a way to support employees with fertility challenges

Why supporting employees with fertility challenges matters

Whether it’s a single person wanting to preserve future fertility, a same sex couple wanting to start a family or a couple who represents the 1 in 6 Canadians who struggle with fertility, there are many reasons why employees might benefit from workplace support on their family-building journey.

Adding Canada Life’s family-building coverage to your benefits plan can be one way of demonstrating you care as an organization for the needs of all your team members.

It can also be a great way of helping to attract and retain talent.

What is Canada Life’s family-building coverage? 

Canada Life’s family-building coverage helps your employees pay for the costs that can be associated with building a family.

These might include costs for: 

  • Testing 
  • Invitro fertilization (IVF) 
  • Intrauterine insemination (IUI) 
  • Egg donor 
  • Surrogacy

How can employers build a benefits plan that supports employees navigating a fertility journey?

Ensure you offer a drug plan that includes coverage of fertility drugs.

If your benefits plan doesn’t already include fertility treatment, consider adding Canada Life’s family-building coverage. Note that your benefits plan must have fertility drug coverage to add family-building coverage. Consider a health care spending account or wellness account that offers coverage flexibility for individual needs.

Access to an Employee Assistance Program (EAP), which can offer access to mental health services, can provide emotional support to employees as they navigate their fertility journey.

Even with benefits, fertility treatment may mean employees might need to keep more of their savings accessible. Adding a non-registered savings account to your plan can help employees save for those expenses.

What’s next?

  • If your plan doesn’t include it already, consider adding Canada Life’s family-building coverage.
  • Ready to add family-building coverage to your plan? Contact your Canada Life group representative for more information

The information provided is accurate to the best of our knowledge as of the date of publication. This article is general in nature, and is intended for informational purposes only. For specific situations you should consult the appropriate legal, accounting, tax or health care professional, as applicable.   

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