How much the Plans cost
How much do the Plans cost?
How can I pay my premiums?


How much do the Plans cost?

The cost of coverage effective January 1, 2012, is as follows:

Life Insurance Plan

Coverage
Bi-weekly cost
 

$25,000
$1.60
$50,000
$3.20
$75,000
$4.80
$100,000
$6.40
$125,000
$8.00
$150,000
$9.60

You must add provincial sales tax (currently 9% in Quebec and 8% in Ontario) to these amounts.

Note: In certain instances of disability, you may be entitled to a waiver of premiums.

Additional Life Insurance Plan

The cost of coverage depends on the coverage you choose and your age as of January 1 of each year. Here are the rates as of January 1, 2012, on a bi-weekly basis and an annual basis:

 
Coverage
 
$25,000
$50,000
$75,000
$100,000
Age
Bi-weekly
Annually
Bi-weekly
Annually
Bi-weekly
Annually
Bi-weekly
Annually
Less than 30
$0.40
$10.40
$0.80
$20.80
$1.20
$31.20
$1.60
$41.60
30-34
$0.53
$13.78
$1.05
$27.30
$1.58
$41.08
$2.10
$54.60
35-39
$0.73
$18.98
$1.45
$37.70
$2.18
$56.68
$2.90
$75.40
40-44
$1.10
$28.60
$2.20
$57.20
$3.30
$85.80
$4.40
$114.40
45-49
$1.80
$46.80
$3.60
$93.60
$5.40
$140.40
$7.20
$187.20
50-54
$3.08
$80.08
$6.15
$159.90
$9.23
$239.98
$12.30
$319.80
55-59
$5.13
$133.38
$10.25
$266.50
$15.38
$399.98
$20.50
$533.00
60-64
$7.13
$185.38
$14.25
$370.50
$21.38
$571.48
$28.50
$741.00

You must add provincial sales tax (currently 9% in Quebec and 8% in Ontario) to these amounts.

Note: In certain instances of disability, you may be entitled to a waiver of premiums.

Dependent Life Insurance Plan

 
Coverage
Bi-weekly cost
Spouse
$10,000
$0.92
Dependent children
$5,000
per child
$0.15
for all children combined

You must add provincial sales tax (currently 9% in Quebec and 8% in Ontario) to these amounts.

Note: In certain instances of disability, you may be entitled to a waiver of premiums.

How can I pay my premiums?

Premiums are payable through bi-weekly payroll deductions.