Protection for Your Loved Ones
Retiree Life Insurance
Secure Your Retirement with Guaranteed Life Insurance Coverage
If you are under the age of 70 and your Life insurance coverage has terminated within the last 60 days, you are eligible to apply for retiree life insurance.
Your retiree life insurance plan provides protection for you and your family at retirement, and includes the following features:
- Guaranteed issue – no medical questionnaire, as long as applicant meets eligibility requirements
- Lifetime coverage
- Full accident protection in first two years
- $10,000 basic life insurance benefit, reduces to $7,500 at age 70
- $5,000 funeral expense benefit
Life, Funeral, and Accident Protection
This plan offers lifetime protection for life insurance, funeral expenses, and accidental death for retirees under 70.
Life insurance
If death occurs as a result of an accident during the first two years of being insured under this plan, the full amount of coverage will be paid. For any other cause, the premium will be refunded. After 24 month, the full amount of coverage is payable for death due to natural causes. Benefit provides lifetime coverage.
Eligibility
To be eligible to participate in this plan you must:
- be under age 70
- apply for coverage within 60 days of your date of retirement or the date when group life insurance coverage terminates
Accidental death and dismemberment
25,000 accidental death and dismemberment; coverage terminates at age 70.
Funeral expense benefit
Covers actual funeral costs up to a maximum of $5,000. Benefit provides lifetime coverage.
Monthly premium cost
Rates depend on your age and gender. Monthly premiums are based on your current age, and adjusted accordingly.
Premiums are pre-paid monthly, with pre-authorized payments from your bank account.
A monthly premium quote is available upon request. Please contact the plan administrator at:
Frequently Asked Questions
What types of benefits plans do you offer?
For Retired Members:
- • Health and dental benefit plans
- • Life insurance (Including AD&D and final expense benefit)
- • Emergency medical travel insurance
For Active Members:
- • All the above plus short and long-term disability management services and adjudication.
Can you help with benefits administration?
Yes, we provide comprehensive benefits administration services to streamline processes while ensuring you and the benefits provider receive the data they need.
We answer Member questions concerning their plan and their claims.
How do you support retirees?
For more than 15 years, Canadian Benefits Consulting Group has administered a retiree benefits program, covering the following benefits:
- • Health and dental benefit plans
- • Life insurance (Including AD&D and final expense benefit)
- • Emergency medical travel insurance
Retirees have lots of questions, balancing need for benefits with budget concerns, and looking at their needs not only now but what they may need in future.
We speak to pre-retirement groups to provide information to assist them with their decision.
We answer the phone!
Do you offer consulting services?
Yes. We have experience and expertise in advising Union Locals & Trustees on everything from plan design to renewal support to ensure optimization and sustainability of the plan.
What is your approach to disability management?
We take a proactive approach to “ability management”. Our focus is on returning individuals to work when the timing is right, while helping them navigate the process which can be overwhelming. We process the disability claims intake, administration, and payment functions, as well as providing active case management.
Still Have Questions?
Contact us at info@canben.com
Ready to Elevate Your Benefits?
Let’s Get Started
Ready to enhance your benefits? Fill out the form below, and our experts will reach out to discuss your needs.