Optional Life Insurance

Your Health Plan gives you the option to enrol in Optional Term Life Insurance Coverage, which has been designed to help financially protect you and the ones you love, at very affordable rates.

Up to $250,000 in Term Life Insurance

Term Life Insurance is a practical insurance solution that helps to cover the financial needs of your family, for debts that could be passed on to relatives, or if you are looking for a less expensive alternative to mortgage insurance. In case of death, a tax-free lump sum is paid to your beneficiaries. A Living Benefit is also included, allowing you to receive an advance of up to 50% of your coverage amount (up to $50,000) if you are diagnosed with a terminal illness.

Choose the Amount of Coverage that’s Right for You

To help you decide, here are a few things you may want to consider when determining the right amount of coverage for you and your family:

• Short-term needs, such as funeral expenses.

• Long-term needs, such as your family’s future ongoing expenses or relief from debt.

• Your existing financial assets, such as investments and savings.

You can assess your insurance needs with the help of the online calculator.

30-Day Money-Back Guarantee

If, for any reason, you are not completely satisfied, simply return the Certificate within 30 days for a full refund of any premium paid.

Applying is Simple

All you need to do is complete the application form and send it to the address on the back of the form. If you need help, you can always call Sun Life Assurance Company of Canada toll-free at1 800 669-7921. For more information, you can also visit www.ihaveaplanplus.ca.