Health & Welfare

GROUP LIFE INSURANCE

WHAT ARE THE LIFE INSURANCE BENEFITS?

You will be covered for $100,000 Group Life Insurance up to age 65. If you are still active and covered by the Plan on your 65th birthday your life insurance will be reduced to $35,000. There is also $5,000 spousal Life Insurance payable to the member upon the death of their covered spouse. If the member has dependent children on the Plan and his/her spouse passes away, the spousal Life Insurance benefit amount is increased to $10,000.

Retired members age 65 and over on plan “C”, are covered for $10,000 at age 65 reducing by $1,000 each year until the amount reaches $5,000.

BENEFITS ARE NOT PAID FOR/EXCLUSIONS

There is only one exclusion: You are not covered if death results from service in any of the Armed Services.

HOW DO I APPOINT A BENEFICIARY?

It is important to keep your beneficiary designation up to date with the Welfare Office to ensure any life insurance benefits are paid to the proper individual, as desired by you.

  • You designate your beneficiary on your enrollment card – otherwise the money is paid to your estate.
  • You can change your beneficiary by completing a new card.
    • To do so, contact the Welfare Office for a “change of beneficiary card.”

You (the covered employee) are automatically the beneficiary for any spousal Life Insurance benefit

CONVERSION OF COVERAGE AFTER TERMINATION

  • You can transfer to an individual policy, provided you do so within 31 days of termination of coverage under the plan.
    • Application for Life Conversion must be sent directly to the Life Insurance (BC Life) carrier by you, as it is an individual policy
  • You will have to pay the required premium for the type of policy you choose for your attained age at the time of transfer.
  • You may continue your coverage in this way, provided you have not previously transferred to an individual policy and it is still in force.

HOW IS A CLAIM MADE FOR LIFE INSURANCE?

The beneficiary or administrator of your estate should contact the Welfare Plan office for the required forms to make a claim. They will be advised as to what is required in addition to completing a claim form.