Keep looking after loved ones

Whether you’re single, part of a couple or close to retirement - important people rely on you. It might be children, a partner or even your parents. Life insurance may help them cover expenses and protect their lifestyle, if you can’t be there every step of the way.

Life insurance can help:

• Pay for a mortgage, taxes, funeral costs or other bills and
• Maintain your family’s lifestyle, without your income.

It's especially important if:

• You’re a single parent providing sole, or the majority of, support for your children or
• Your loved ones would struggle financially without you.

Why get life insurance offered through CAPIC?

• You get savings on the insurance you need, thanks to group pricing

How much coverage do you need?

The online life insurance calculator can help inform you how much coverage you might need to financially protect your loved ones in the event the unexpected happens.

How much coverage can you apply for?

• You and your spouse¹: $25,000 to $250,000 of coverage, in units of $25,000 (your spouse can’t apply for more coverage than you)
• Dependant children²: $10,000 per child. Coverage for all of your children would only cost $1.60 per month

Extra advantages

• Waiver of premium: if you’re totally disabled³ for an uninterrupted period of six months before age 65, your life insurance continues, but you don’t have to pay the premiums. In this case, you’ll need to meet all the requirements to show you’re totally disabled.

You're eligible if you meet all the criteria below:

• A CAPIC member in good standing or an employee of CAPIC
• Actively at work for at least 30 hours per week
• Between the ages 18 and 64 (coverage ends on your 65th birthday)
• A resident in Canada

You must be approved for coverage for your spouse or dependant child(ren) to be covered.

Meet the criteria? You can get life insurance for:

• You
• Your spouse
• You + your spouse + your children

What's the cost?

Our rate sheets can provide you with a quick estimate.

Take these three steps to apply:

Medical underwriting is required.

Exclusions:

No benefits are payable for a death which occurs before insurance under this benefit has been in effect continuously for two years with respect to the insured or spouse, if death results directly or indirectly from self-inflicted injury or suicide, regardless of whether the person has the ability to form the requisite intent or regardless of whether the person has a mental illness such that the person does not know or understand the consequences of the person’s actions.

If you or spouse’s life insurance is subject to more than one effective date due to additional amounts having been applied for on the deceased, the two-year period will run separately from each effective date.