Life Insurance
Your loved ones count on you, make sure they’re protected even when you’re gone.
Life Insurance
Your loved ones count on you, make sure they’re protected even when you’re gone.
Coverage to support your family when you’re gone
When you go, life will go on for those you leave behind. Life insurance is your way of showing your loved ones you still care for them even when you’re no longer around. It can help cover expenses like:
- Continued education for your children
- Childcare costs to help take stress off your spouse
- Funeral and burial costs
- Mortgage payments so your family can stay in the home they love
What makes Life coverage unique?
Coverage you can take
You can take your Life coverage with you even if you leave your group plan, as long as you maintain your premium payments.
Flexible coverage amount
You decide the amount of protection you purchase based on your budget and needs, up to the maximum specified in the group policy.
No medical questions*
During a limited period called ‘Open Enrolment’ certain coverage amounts are available without answering any medical questions. Ask your group administrator about the terms of your Open Enrolment.
*during Open Enrolment – Open Enrolment is a limited time period where certain coverage amounts are available without the need to answer medical questions. The timing for Open Enrolment is dependent on your organization’s agreement with Blue Cross Life or for new employees - is available during the first 30 days of employment.
Add: Accidental Death and Dismemberment**
This coverage is only available with the purchase of Life Insurance.
Accidental Death and Dismemberment (AD&D)** is a tax-free benefit in the case of an accident, major injury, or death. If you die accidentally, it pays out double the amount of your life coverage. If you lose a limb, eyesight, or get paralyzed, it can be used to help modify your home for accessibility, pay for prosthetics and help cover bills or lost income.
Accidents happen, and when they do it’s important that you and your family are taken cared of.
**Blue Cross Life Insurance Company of Canada underwrites Accidental Death and Dismemberment coverage.
Frequently Asked Questions
Life insurance premiums are primarily based on your age and lifestyle, but it is more affordable than you might think. For a cost similar to your monthly cell phone bill, you can be at ease financially.
The cost for AD&D insurance tends to be lower than rates for traditional life insurance because the coverage is limited to injury and death due to accidents.
Yes, you can enrol for coverage amounts that require no medical questions, when you apply during your Open Enrolment period; or within 31 days of a life event.
If you want to secure more coverage, you can apply for amounts over the non-evidence limit and answer a few medical questions. Amounts over the non-evidence limit will be reviewed for acceptance.
When thinking about how much coverage you need, you should consider the expenses that your family will have to face when you are gone. This includes money to replace your income and factoring in outstanding debt like mortgage or rent, childcare, future education expense of your dependents plus funeral costs.
These FAQ's provides summary information about the Protection Plus Benefits available to you. Additional exclusions and limitations may apply to your unique circumstances. The rights of all insured persons are governed solely by the policy.
Protect your family when they need it most
By getting covered you can continue to take care of your family even in the case of a major illness, injury, or death.
Protect your family when they need it most
By getting covered you can continue to take care of your family even in the case of a major illness, injury, or death.
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