Plan Details
Note: The following is for information purposes only. It is a summary of the provisions of the Group Policy. In the event of a discrepancy between this document and the Policy, the terms of the Group Policy will prevail.
Click on the headings below for a full description of your plan details.
Core Benefits
Group Life and Accidental Death & Dismemberment Insurance Benefits Summary
You are eligible for Life Insurance coverage if you are an active full-time employee working at least 20 hours per week.
Benefit Amounts
All employees – Life and AD&D Benefit
1 times annual earnings to a maximum of $250,000
Non-Medical Life Maximum
$250,000
Overall Life Maximum
$250,000
Reduction Formula
50% at age 65, terminate at age 70
Waiver of Premium
120 days, 2 Year Own Occupation Definition
Features:
Life
Accelerated/Living Benefits
Conversion Privilege
Waiver of Premium
2 Year Rate Guarantee
AD&D
Paralysis Benefits:
200% not to exceed a maximum of $1,000,000
Waiver of Premium:
prior to age 65 and must be total disabled for 120 days
Continuation of Coverage:
to end of month due to layoff or leave of absence (excludes strike)
Conversion Privilege:
up to a maximum of $100,000
Exposure & Disappearance:
one year limit
Education Benefit:
lesser of 3% of principal sum or $5,000/year; maximum 4 years (lump sum of $1,000)
Family Transportation:
up to a maximum of $2,500
Rehabilitation Benefit:
up to a maximum of $10,000
Repatriation Benefit:
up to a maximum of $10,000 (minimum 50km)
Spousal Retraining:
up to a maximum of $10,000
Day Care Benefit:
lesser of 5% of principal sum, or $5,000/year; maximum 4 years (lump sum of $1,000)
Home Alteration/Vehicle Modification:
up to a maximum of $10,000
Hospital Indemnity:
daily benefit equal to 1/30th of principal sum; monthly maximum of $1,000; maximum of 12 months
Exclusions:
standard, including war, pilot/crew, owned, leased or operated aircraft
Schedule of Losses
Loss
The benefit will be:
Life
the principal sum
Both hands or both feet
the principal sum
Sight of both eyes
the principal sum
One hand and one foot
the principal sum
One hand or one foot […]