Health and Wellness: Enhancement to Survivor Benefits
Health and Wellness: Enhancement to Survivor Benefits
Posted on September 16, 2022
About the survivor benefit:
The survivor benefit is available to CADA 360 Employee Benefit Plans (excluding the Retirees Plans) and includes:
- $10,000 life insurance benefit for surviving spouse
- $5,000 life insurance benefit for your qualified surviving dependant children
- 24-month benefit from date of your death, no charge
- Option to convert the life insurance amount to an individual plan when the life insurance coverage expires
What happens if you die?
In the event of your death, Canada Life will reach out to your eligible dependants under this plan and inform them of the survivor benefits available. Canada Life will provide the confirmation of coverage.
If you have any questions, please contact Human Resources.