Term Life Insurance




Maximum Coverage

Available in units of $10,000 with a maximum of $2,000,000.
Applicants can be a member/member student and/or their spouse.

Monthly Premiums Per Unit of $10,000

  Non-smoker Smoker
Age at April 1 Male Female Male Female
<31 0.31 0.25 0.79 0.44
31-35 0.35 0.27 0.89 0.50
36-40 0.41 0.30 1.07 0.66
41-45 0.62 0.43 1.77 1.23
46-50 1.03 0.73 3.08 1.77
51-55 1.57 1.16 5.00 3.00
56-60 2.63 1.94 8.08 4.61
61-65 4.10 2.81 11.60 6.61
66-69 6.58 4.85 17.84 10.15
70 11.62 8.61 31.74 18.55
71 Coverage terminates

return to top 

Limitations and Exclusions

Suicide within two years of the effective date of the insurance is not a covered risk.

return to top 

Termination of Coverage

Insurance automatically terminates on April 1 coincident with or immediately following age 71. The reduced amount is not eligible for conversion to an individual plan. On April 1 coincident with or immediately following attainment of age 66, term life benefits will reduce by 50%.

return to top 

Waiver of Premiums

If you become totally and permanently disabled, premiums will be waived as long as disability contines, but not past age 71. Satisfactory proof of disability must be submitted within one year.

return to top 

Dependent Child Insurance

Covers ALL your eligible children for $10,000 each of term life insurance and accidental death & dismemberment. Accidental loss schedule (except Critical Illness), limitations and exclusions are the same as for members.

Eligible children are unmarried, over 14 days and under 22 years of age, or in full-time attendance at school or university if they are between the ages of 22 and 25. If child coverage is selected, newborn children are automatically insured on becoming 15 days of age.

return to top 

quote contact quote