Voluntary Accidental Death & Dismemberment Insurance
Open Group
This is underwritten by RBC Life Insurance Company. Coverage is available to permanent Full-time Members and Retirees Under age 65, Their Spouses Under 65, and any eligible Dependent children.
Union Members are automatically insured for a Principal Sum Benefit of $20,000. Additional Coverage can be purchased without evidence of Insurability in multiples of $10,000 to an overall Maximum of $220,000.
Coverage is worldwide, 24 hours a day, on or off the job, for loss of life or dismemberment as a result of an accident.
| Example |
Monthly Cost |
| Principle Sum |
Plan I |
Plan II |
| Selected |
Employee |
Family |
| $10,000 |
$0.40 |
$0.56 |
| $20,000 |
$0.80 |
$1.12 |
| $50,000 |
$2.00 |
$2.80 |
| $80,000 |
$3.20 |
$4.48 |
| $100,000 |
$4.00 |
$5.60 |
| $150,000 |
$6.00 |
$8.40 |
| $200,000 |
$8.00 |
$11.20 |
An 8% Ontario Retail Sales Tax Applies to quoted premiums.
Note: Coverage ends at age of 65.
Eligibility
Active permanent full-time Employees under age 65, Retirees under age 65, Spouses under age 65, and Eligible Dependent Children.
Coverage
Eligible member are automatically insured for a Basic Coverage amount of $20,000. Eligible members can purchase additional amounts of insurance as follows:
Plan 1 - Members Only
Units of $10,000 | Minimum of $10,000 | Maximum of $200,000
Plan 2 - Members and Family
Member: Units of $10,000 | Minimum of $10,000 | Maximum of $200,000
Spouse (no children): 50%
Spouse (with children): 40%
Dependent Child (no spouse): 10% (maximum of $25,000)
Dependent Child (with spouse): 15% (maximum of $25,000)
The maximum allowable under both Plans will not exceed an overall maximum of $220,000.