Life insurance and accidental death and dismemberment insurance

What would happen if the people at your firm could no longer provide for their loved ones? We designed life insurance and accidental death and dismemberment (AD&D) insurance products to help.

With life insurance, your firm's partners, sole proprietors and employees can rest assured knowing they can help their loved ones:

Pay a mortgage, taxes, funeral costs or other bills
Maintain their family's lifestyle
Provide for children, a partner, parents or others

AD&D insurance will help with finances if there is an accident, especially a serious one. No one wants to worry about how to pay the bills while coping with a life-changing event.

When you elect this coverage, it becomes mandatory for all partners, sole proprietors and employees of the firm.

Coverage details
Non-evidence maximum	2 people or less - all amounts of insurance are subject to evidence of good health 3 to 4 people - evidence is required for amounts in excess of $25,000 5 to 9 people - evidence is required for amounts in excess of $50,000 10 to 24 people - evidence is required for amounts in excess of $100,000 25 people or more - evidence is required for amounts in excess of $150,000
Maximum benefit	Partner or sole proprietor: Up to a maximum of $200,000 (in units of $25,000, with a minimum of $50,000) Employee: Minimum of two-times annual earnings, up to a maximum of $200,000
Reduction	Benefit reduces by 20% of the coverage amount in force immediately before age 65; then an additional 20% of the coverage amount is reduced each year after until age 69
Waiver of premium	If insured is under age 65, is totally disabled and continues to receive disability benefits, premiums will be waived (if claim is approved). Waiver of premiums will discontinue after age 65
Termination of benefits	Coverage terminates at the earliest of age 69, retirement or termination of employment
Conversion option	Included for life insurance Not included for AD&D

Optional life and dependant optional life

This is extra coverage for extra peace of mind. It provides additional coverage above and beyond the basic life insurance amount at the low cost available through the group plan.

Partners, sole proprietors and employees can choose if this coverage is right for them, their spouse and/or children.

Coverage details
Maximum benefit	Partner, sole proprietor, employee and spouse: Up to a maximum of $250,000 (in units of $25,000 with minimum $25,000) Dependant children $5,000 or $10,000 benefit
Evidence of insurability (EOI)	Coverage for partner, sole proprietor, employee and/or spouse is underwritten from first dollar Dependant children don't need to provide evidence of insurability
Waiver of premium	If insured is under age 65, is totally disabled and continues to receive disability benefits, premiums will be waived (if claim is approved). Waiver of premiums will discontinue after age 65
Termination of benefits	Partner, sole proprietor, employee and spouse: Coverage terminates at the earliest of the insured's 65th birthday, retirement or termination of employment. Dependant children: Coverage terminates at the earliest of the child's 21st birthday (age 26 if a full-time student), the member of the firm's plan retires or their employment terminates.
Conversion option	Included for optional life insurance

Learn more

Download brochure

For a quotation and enrollment information

Call 416-493-5586 or email bclewes@clewesconsult.com

Life insurance and AD&D