{"id":23,"date":"2013-07-16T14:10:56","date_gmt":"2013-07-16T14:10:56","guid":{"rendered":"http:\/\/jpress.journalism.ryerson.ca\/workshop2\/?p=23"},"modified":"2013-07-16T14:10:56","modified_gmt":"2013-07-16T14:10:56","slug":"plan-details","status":"publish","type":"post","link":"https:\/\/corporatebenefits.ca\/royallepage\/?p=23","title":{"rendered":"Plan Details"},"content":{"rendered":"

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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.<\/span>\u00a0<\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Click on the headings below for a full description of your plan details.<\/p>\n

Core Benefits<\/span><\/b><\/p>\n

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    1. Group Life and Accidental Death & Dismemberment Insurance Benefits Summary
      \n<\/span><\/li>\n
    2. You are eligible for Life Insurance coverage if you are an active full-time employee working at least 20 hours per week.<\/span><\/li>\n
    3. <\/li>\n
    4. <\/li>\n
    5. \n
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      1. \n\n\n\n\n\n\n\n\n
        Benefit Amounts<\/span><\/td>\n<\/tr>\n
        All employees – Life and AD&D Benefit<\/span><\/td>\n1 times annual earnings to a maximum of $250,000<\/span><\/td>\n<\/tr>\n
        Non-Medical Life Maximum<\/span><\/td>\n$250,000<\/span><\/td>\n<\/tr>\n
        Overall Life Maximum<\/span><\/td>\n$250,000<\/span><\/td>\n<\/tr>\n
        Reduction Formula<\/span><\/td>\n50% at age 65, terminate at age 70<\/span><\/td>\n<\/tr>\n
        Waiver of Premium<\/span><\/td>\n120 days, 2 Year Own Occupation Definition<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        Features:<\/span><\/p>\n\n\n\n\n\n\n\n
        Life<\/span><\/td>\n<\/tr>\n
        Accelerated\/Living Benefits<\/span><\/td>\n<\/tr>\n
        Conversion Privilege<\/span><\/td>\n<\/tr>\n
        Waiver of Premium<\/span><\/td>\n<\/tr>\n
        2 Year Rate Guarantee<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

         <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
        AD&D<\/span><\/td>\n<\/tr>\n
        Paralysis Benefits:<\/span><\/td>\n200% not to exceed a maximum of $1,000,000<\/span><\/td>\n<\/tr>\n
        Waiver of Premium:<\/span><\/td>\nprior to age 65 and must be total disabled for 120 days<\/span><\/td>\n<\/tr>\n
        Continuation of Coverage:<\/span><\/td>\nto end of month due to layoff or leave of absence (excludes strike)<\/span><\/td>\n<\/tr>\n
        Conversion Privilege:<\/span><\/td>\nup to a maximum of $100,000<\/span><\/td>\n<\/tr>\n
        Exposure & Disappearance:<\/span><\/td>\none year limit<\/span><\/td>\n<\/tr>\n
        Education Benefit:<\/span><\/td>\nlesser of 3% of principal sum or $5,000\/year; maximum 4 years (lump sum of $1,000)<\/span><\/td>\n<\/tr>\n
        Family Transportation:<\/span><\/td>\nup to a maximum of $2,500<\/span><\/td>\n<\/tr>\n
        Rehabilitation Benefit:<\/span><\/td>\nup to a maximum of $10,000<\/span><\/td>\n<\/tr>\n
        Repatriation Benefit:<\/span><\/td>\nup to a maximum of $10,000 (minimum 50km)<\/span><\/td>\n<\/tr>\n
        Spousal Retraining:<\/span><\/td>\nup to a maximum of $10,000<\/span><\/td>\n<\/tr>\n
        Day Care Benefit:<\/span><\/td>\nlesser of 5% of principal sum, or $5,000\/year; maximum 4 years (lump sum of $1,000)<\/span><\/td>\n<\/tr>\n
        Home Alteration\/Vehicle Modification:<\/span><\/td>\nup to a maximum of $10,000<\/span><\/td>\n<\/tr>\n
        Hospital Indemnity:<\/span><\/td>\ndaily benefit equal to 1\/30th of principal sum; monthly maximum of $1,000; maximum of 12 months<\/span><\/td>\n<\/tr>\n
        Exclusions:<\/span><\/td>\nstandard, including war, pilot\/crew, owned, leased or operated aircraft<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

         <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
        Schedule of Losses<\/span><\/td>\n<\/tr>\n
        Loss<\/span><\/td>\nThe benefit will be:<\/span><\/td>\n<\/tr>\n
        Life<\/span><\/td>\nthe principal sum<\/span><\/td>\n<\/tr>\n
        Both hands or both feet<\/span><\/td>\nthe principal sum<\/span><\/td>\n<\/tr>\n
        Sight of both eyes<\/span><\/td>\nthe principal sum<\/span><\/td>\n<\/tr>\n
        One hand and one foot<\/span><\/td>\nthe principal sum<\/span><\/td>\n<\/tr>\n
        One hand or one foot and the sight of one eye<\/span><\/td>\nthe principal sum<\/span><\/td>\n<\/tr>\n
        Speech and hearing in both ears<\/span><\/td>\nthe principal sum<\/span><\/td>\n<\/tr>\n
        One leg or one arm<\/span><\/td>\n3\/4 the principal sum<\/span><\/td>\n<\/tr>\n
        Either hand or foot<\/span><\/td>\n2\/3 the principal sum<\/span><\/td>\n<\/tr>\n
        Speech or hearing in both ears<\/span><\/td>\n2\/3 the principal sum<\/span><\/td>\n<\/tr>\n
        Sight of one eye<\/span><\/td>\n2\/3 the principal sum<\/span><\/td>\n<\/tr>\n
        Thumb or index finger or four fingers of the same hand<\/span><\/td>\n1\/3 the principal sum<\/span><\/td>\n<\/tr>\n
        Hearing in one ear<\/span><\/td>\n1\/6 the principal sum<\/span><\/td>\n<\/tr>\n
        All toes of one foot<\/span><\/td>\n1\/8 the principal sum<\/span><\/td>\n<\/tr>\n
        Quadriplegia (total and irreversible paralysis of all four limbs)<\/span><\/td>\n2 times the principal sum<\/span><\/td>\n<\/tr>\n
        Paraplegia (total and irreversible paralysis of both lower limbs)<\/span><\/td>\n2 times the principal sum<\/span><\/td>\n<\/tr>\n
        Hemiplegia (total and irreversible paralysis of one arm and one leg on the same side of the body)<\/span><\/td>\n2 times the principal sum<\/span><\/td>\n<\/tr>\n
        Loss of use of:<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/ol>\n
        \n\n\n\n\n\n
        Both hands or arms:<\/span><\/td>\nthe principal sum<\/span><\/td>\n<\/tr>\n
        One arm or one leg:<\/span><\/td>\n3\/4 the principal sum<\/span><\/td>\n<\/tr>\n
        One hand or one foot:<\/span><\/td>\n2\/3 the principal sum<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

        * Not more than one of these sums (the greater) will be paid for injuries resulting from the same accident. In addition, not more that the aggregate of the Principal sum will be paid for injuries resulting from the same accident.<\/span><\/p>\n

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