Life Insurance

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​Accidental Death and Dismemberment Insurance


You must enrol in Supplemental Life Insurance to apply for Accidental Death and Dismemberment Insurance.

If you have coverage under the Accidental Death and Dismemberment Insurance Plan (as part of the Management Insurance Plan) the amount payable in the event of death is as follows:

​Level ​Amount of Coverage
Senior Managers ​$250,000
​Other full-time Management employees ​Units of $25,000, up to $250,000
Repatriation Benefit

If you die as the direct result of an accident 100 kilometres or more from home, Sun Life will pay for the preparation and transportation of the body for burial or cremation to a maximum of $10,000.

Claims will not be paid if they are eligible for reimbursement from other sources or another benefit of this contract.

Only reasonable and customary expenses for this service will be reimbursed.
 
Spouse Occupational Training Benefit

If you die as the direct result of an accident, Sun Life will pay up to $5,000 to your spouse for occupational training as long as the training is for a job your spouse was not previously qualified for. Ordinary living expenses such as room, board, travelling or clothing will not be reimbursed.

All expenses must be incurred within 3 years from the date of the accident and must be approved by Sun Life. Approval will be based on the likelihood that it will be successful. Claims will not be paid if they are eligible for reimbursement from other sources or another benefit of this contract.

Only reasonable and customary expenses connected with an occupational training program will be reimbursed.
 
Child Education Benefit

If you die as the direct result of an accident, Sun Life will pay 5% of the amount of coverage up to $5,000, per year to a maximum of 4 years, for your dependent child`s tuition fees in a post-secondary school. Ordinary living expenses such as room, board, travelling or clothing will not be reimbursed.

Your child must enrol as a full-time student within one year of the accident.

Only reasonable and customary tuition expenses will be reimbursed.

A percentage of this coverage amount is payable for certain serious injuries. Please see the Illness/Injury section for further details.
 

Benefits are not taxable when paid to the beneficiary you name (any interest paid between the date of death and the date of payment is taxable). However, if your estate receives life insurance benefits, they may be subject to probate fees, since they may be considered assets.

Published on February 01, 2016