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Life insurance

Keep looking after loved ones

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

Life insurance can help...

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

It's especially important if:

  • You are a single parent who provides sole support, or a majority of the support, for your children
  • Your loved ones would have a difficult time managing financially without you

Why choose life insurance offered through your association?

  • 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$50,000 to $1,000,000 of coverage, in units of $25,000 (but your spouse cannot apply for more coverage than you do)
  • Dependant children2: $10,000 per child. Coverage for all of your children costs only $2.25 per month

Find out more in your plan brochure.

Extra advantages

  • Waiver of premium: With this program, if you’re totally disabled3 for six months before age 654, 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 are totally disabled.
  • Living benefit if you or your spouse becomes ill with a life expectancy of less than a year5.
  • Easy switch to an individual policy: If you or your covered family member’s life insurance ends before age 66, other than by your choice (for example, if you leave this association), you can apply to switch to an individual life policy. That policy gives you up to $200,000 in coverage (or more, if legislation requires). You don’t need to provide any proof of good health, as long as you apply within 31 days of your association life insurance coverage ending.

You're eligible if you are:

  • A member in good standing with your association, working at least 25 hours a week
  • Between the ages of 18 and 64 (coverage ends on member’s 75th birthday)
  • A resident of Canada

Meet the criteria? You can get life insurance for:

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

What's the cost?

Our rate sheets can provide you with a quick estimate.

Considering coverage for dependant children? 

Coverage for all of your children costs only $2.25 per month.

Find out more in your plan brochure.

Take these three steps to apply:

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Fill it out

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Mail it in

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 2 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 the insured’s 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 2-year period will run separately from each effective date.

 

Questions?

Call us at 1-877-363-2773
Mon to Fri 8 a.m. to 8 p.m. ET

1. Spouse: Your spouse by marriage or under any other formal union recognized by law; or a person of the opposite sex or of the same sex who is publicly represented as your spouse for a period of at least 12 months. You can only cover one spouse at a time. Discontinuance of cohabitation terminates the eligibility of a common-law spouse. You must also have coverage in order to obtain spouse coverage.

2. Dependant children: Your children who are not married or in any other formal union recognized by law, dependant on you or your spouse for support, and are under the age of 21 (age 25 if the dependant is a full-time student – age 26 in Quebec), including adopted children and stepchildren, or children of any age if incapable of supporting themselves because of physical or mental disability.

3. Totally disabled (for life insurance): For 180 days, you’re not able to work at an occupation that you are or could become qualified for by education, training or experience.

4. If you are totally disabled for a full 6 months, your coverage continues but you don’t have to pay life insurance premiums until your 75th birthday if you remain totally disabled.

5. If you or your insured spouse is terminally ill with a life expectancy of 12 months or less, you may apply for a loan on a compassionate basis of up to 50% of the life insurance payment (to a maximum of $50,000, if approved by Securian Canada).