Whether you lead a life of adventure or not, accidents can happen. Be prepared with life insurance and accidental death and dismemberment (AD&D) insurance that provide financial protection to you and your family.
Life insurance
Life insurance pays a benefit to your designated beneficiaries after your death.
Coverage for you:
- Pays 2 times your salary, up to $750,000
- The amount of coverage is reduced by 50% at age 65
Coverage for your dependents:
- $20,000 spouse
- $10,000 child(ren)
AD&D insurance
AD&D pays you a benefit for certain injuries resulting from an accident or distributes this additional benefit to your beneficiaries if your death results from an accident.
Coverage for you:
- Pays 1 times your salary, up to $300,000
Coverage for life and AD&D terminates at age 71 or when you retire, whichever comes first.
Supplemental life, AD&D, and critical illness insurance
For additional peace of mind and financial security, you can also purchase supplemental life, AD&D, and critical illness insurance for yourself and your family.
You pay 100% of the cost directly to Canada Life, and you can continue your coverage if you leave the company. Cost of coverage depends on age, gender, and smoker/nonsmoker status.
Contact Canada Life for details.
