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  • Lifeplan Financial Group 3298 Tennyson Ave Victoria (map)

Wage Loss Replacement Plan Concept

A Wage Loss Replacement Plan (WLRP) is an in-surance arrangement put in place by an em-ployer to provide disability income protection for a group of key employees. You have full control over selecting participants and benefit levels by defining classes of employees. Premi-ums are a tax-deductible business expense. In fact, it costs less for the employer to pay the premiums than to increase the employee’s sala-ry to pay the premiums personally.

Earlier Event: November 19
Manulife Investments
Later Event: January 22
Sunlife