Basic and Supplemental Life and AD&D Insurance Overview
The life and AD&D insurance under the CUPE EWBT benefits plan helps provide peace of mind and financial security for you and your loved ones.
Basic Life and AD&D Insurance Overview
Premiums
The costs for this coverage are fully paid by the CUPE EWBT if you work at least 15 hours per week, or if you work less than 15 hours per week and you elect health or dental coverage
Basic Life Insurance
Up to two times (2x) your annual earnings, with a maximum benefit of $400,000
Basic AD&D Insurance
Up to two times (2x) your annual earnings, with a maximum benefit of $400,000
Supplemental Life and AD&D Insurance
Members who moved into the CUPE EWBT on March 1, 2018 and had basic life insurance greater than two times (2x) their annual earnings, had the option to continue the additional coverage at the member’s cost. This additional coverage is called supplemental (or supplementary) life and AD&D insurance.
Premiums
The costs for additional coverage is fully paid by you.
Supplemental Life Insurance
The amount of life insurance you chose to continue on March 1, 2018 (over and above the CUPE EWBT basic life coverage), with a maximum of $400,000 (basic and supplemental life insurance combined).
Supplemental AD&D Insurance
The amount of AD&D insurance you chose to continue on March 1, 2018 (over and above the CUPE EWBT basic AD&D coverage), with a maximum of $400,000 (basic and supplemental AD&D insurance combined).
Life Waiver
Note that basic and supplemental life and AD&D insurance through the CUPE EWBT plan includes a “life waiver” (also called a “waiver of premium” or “disability waiver”) — meaning that premiums for life and AD&D insurance will be waived if you become disabled (as defined in the Benefits Booklet).
Have Questions About Basic or Supplemental Life and AD&D Insurance?
Contact OTIP to learn more about your life and AD&D coverage and rates.