Dependent Life Insurance

Dependent Life Insurance is an additional life insurance that employees may opt into that provides life insurance for their Spouse and/or Dependents.

Age of termination:

The benefit ends on the earlier of the ages listed below, or when the employee turns 65.

Insurance Amount:

$30,000 coverage for spouse; $15,000 for each dependent child

Cost to you:

Flat rate of $7.02 per month including 8% PST (effective May 1, 2003)

Definitions:

Spouse: An individual to whom the employee is legally married, or his/her a common-law spouse who is an individual of either sex with whom the employee cohabits and publicly represents as his/her spouse. A spouse is eligible for coverage only to age 65. 

Dependents: Unmarried children of an employee, under 21 years of age, or between 21 and 25 years of age and a full-time student in the Fall/Winter term and/or part-time in the Spring/Summer term and totally dependent upon the employees for support. 

Optional Life Insurance for Your Dependents

If, while insured, your spouse or a qualified dependent dies, Sun Life will pay the appropriate amount of your life insurance to you. No medical evidence is required.

Effective Dates of Coverage

Your dependent coverage begins on the date your application is approved. 

Your dependent coverage will terminate on the earlier of the following dates:

  • the date your coverage ends
  • the date the dependent is no longer an eligible dependent
  • the end of the period for which premiums have been paid to Sun Life for your coverage

Waiver of Premiums

If you become totally disabled while insured, and you are under age 65, your dependent life insurance will remain in force during your continued disability without payment of premium. You must submit the required notice and proof of your disability within 12 months of the beginning of your disability. Any amount of insurance continued is subject to the terms and conditions of the Group Policy.

*totally disabled - you are considered to be totally disabled if you are wholly prevented by illness from performing any work for compensation or profit or from following any gainful occupation.

Conversion Privilege

If your insurance ceases, the conversion privilege contained in the policy entitles you to purchase an individual life policy for your specified dependent(s) from Sun Life without undergoing any medial examination. Application must be made within 30 days of termination.