Life Insurance & Optional Insurance

Life insurance benefits and optional insurance available for eligible Support Staff and Academic Staff and Management and Professional Staff.

This table outlines the University of Alberta life insurance benefits available to eligible employees.

Insurance

Coverage

Basic Life

This employer paid benefit provides a 2X annual salary lump sum payment to your designated beneficiary(ies) in the event of your death.

Occupational Accidental Death & Dismemberment

This employer benefit provides insurance coverage in the event you suffer accidental death or dismemberment as a result of an accident which occurs while you are at work.

  • Principal Sum of $25,000

In the case of dismemberment a portion of the Principal Sum is payable as outlined in the Benefit Coverage below.

Optional Life

This employee paid benefit provides additional Life Insurance.

  • Available in $10,000 units
  • Minimum 1 unit - $10,000
  • Maximum 50 units - $500,000

*May be required to provide medical evidence of insurability.

Optional Dependent Life

This employee paid benefit provides insurance coverage for your spouse and other eligible dependents over 14 days of age.

  • $15,000 if your spouse should die
  • $ 5,000 for other eligible dependents

*Dependent may be required to provide medical evidence of insurability.

Business Travel Accident

This employer paid benefit provides additional coverage for accidental death or bodily injury which occurs while travelling on business for the University.

  • Principal Sum of $75,000

In the event of dismemberment a portion of the Principal Sum is payable as outlined in the Benefit Coverage below.

Voluntary Accident Insurance Plan (AD/D)

This employee paid benefit provides additional coverage for Accidental Death & Dismemberment, 24 hours per day, both at work and away from work.

  • Available in units of $30,000
  • Minimum 1 unit - $30,000
  • Maximum 16 units - $480,000
  • Employee or Family coverage is available

In the case of dismemberment a portion of total units purchased is payable as outlined in the Benefit Coverage below.

Benefit coverage

Benefit coverage percentage of insured amount by loss

For loss of

Percentage of insured amount

life

100%

both hands, both feet or both eyes 100%
one hand and one foot 100%
one hand and one eye or one foot and one eye 100%
speech and hearing 100%
one arm or one leg 75%
one hand, one foot or one eye 66%
speech or hearing 50%
thumb and index finger of one hand 33%
Benefit coverage percentage of insured amount by loss.

For

quadriplegia 200%
paraplegia 200%
hemiplegia 200%

Please refer to the appropriate Summary of Benefit Costs for premium amounts. Premium amounts are subject to change without notice.

For further information regarding any of the above Insurance Plans, please contact Pension & Benefit Advisory Services @ 780-492-4555.

Critical illness

The following table outlines the University of Alberta critical illness insurance benefits available to eligible participants under the University of Alberta Critical Illness Plan. Eligibility is subject to the plan provisions.

Critical illness insurance benefit coverage.

Insurance

Coverage

Basic Critical Illness

This employer paid benefit provides a $10,000 lump sum payment to yourself should you be diagnosed with one of the covered diseases. Further information can be found in the plan details.

Voluntary (Optional) Critical Illness

This employee paid benefit provides a lump sum payable to yourself should you be diagnosed with one of the covered conditions found on the iA Financial Group webpage.

  • Available in $25,000 units
  • Minimum 1 unit - $25,000
  • Maximum 12 units - $300,000

After $25,000 of coverage medical evidence of insurability is required. Application available on the iA Financial Group webpage.

For a detailed look at the plan, please refer to the Voluntary Critical Illness Insurance Benefit Summary.

Voluntary (Optional) Spousal Critical Illness

This employee paid benefit provides a lump sum payable to yourself should your spouse be diagnosed with one of the covered conditions found on the iA Critical Illness webpage.

  • Available in $25,000 units
  • Minimum 1 unit - $25,000
  • Maximum 12 units - $300,000

Please note: If your spouse is also a benefited employee of the University of Alberta, they would be eligible to apply for their own Voluntary Critical Illness and therefore would not be eligible for the Voluntary Spousal Critical Illness under your plan.

After $25,000 of coverage medical evidence of insurability is required. Application available on the iA Financial Group webpage.

Please refer to the appropriate Summary of Benefit Costs for premium amounts. Premium amounts are subject to change without notice.

For further information regarding any of the above Insurance Plans, please contact Pension & Benefit Advisory Services at 780-492-4555 or benefits@ualberta.ca.

Life insurance benefits available to eligible employees.

Insurance

Coverage

Basic Life

This employer paid benefit provides a $100,000 lump sum payment to your designated beneficiary(ies) in the event of your death.

Full-Time Temporary Academic Staff appointed for greater than 8 months but less than 12 months - Provides a $50,000 lump sum payment to your beneficiary(ies) in the event of your death.

Optional Life

This employee paid benefit provides additional Life Insurance.

  • Available in $10,000 units
  • Minimum 1 unit - $10,000
  • Maximum 50 units - $500,000

*May be required to provide medical evidence of insurability.

Optional Dependent Life

This employee paid benefit provides coverage for your spouse and other eligible dependents over 14 days of age.

  • $15,000 if your spouse should die
  • $ 5,000 for other eligible dependents

*Dependent may be required to provide medical evidence of insurability.

Business Travel Accident

This employer paid benefit provides additional coverage for accidental death or bodily injury which occurs while travelling on business for the University.

  • Principal Sum of $100,000

In the event of dismemberment a portion of the Principal Sum is payable as outlined in the Benefit Coverage below.

Voluntary Accident Insurance Plan (AD/D)

This employee paid benefit provides additional coverage for Accidental Death & Dismemberment, 24 hours per day, both at work and away from work.

  • Available in units of $30,000
  • Minimum 1 unit - $30,000
  • Maximum 16 units - $480,000
  • Employee or Family coverage is available

In the case of dismemberment a portion of total units purchased is payable as outlined in the Benefit Coverage below.

Benefit coverage

Benefit coverage percentage of insured amount by loss.

 

For loss of

Percentage of insured amount

life

100%

both hands, both feet or both eyes 100%
one hand and one foot 100%
one hand and one eye or one foot and one eye 100%
speech and hearing 100%
one arm or one leg 75%
one hand, one foot or one eye 66%
speech or hearing 50%
thumb and index finger of one hand 33%
Benefit coverage percentage of insured amount by loss.

For

quadriplegia 200%
paraplegia 200%
hemiplegia 200%

Please refer to the appropriate Summary of Benefit Costs for premium amounts. Premium amounts are subject to change without notice.

For further information regarding any of the above Insurance Plans, please contact Pension & Benefit Advisory Services @ 780-492-4555.

Critical iIlness

The following table outlines the University of Alberta critical illness insurance benefits available to eligible participants under the University of Alberta Critical Illness Plan. Eligibility is subject to the plan provisions.

Critical illness insurance benefit coverage.

Insurance

Coverage

Basic Critical Illness

This employer paid benefit provides a $10,000 lump sum payment to yourself should you be diagnosed with one of the covered diseases. Further information can be found in the plan details.

Voluntary (Optional) Critical Illness

This employee paid benefit provides a lump sum payable to yourself should you be diagnosed with one of the covered conditions found on the iA Financial Group webpage.

  • Available in $25,000 units
  • Minimum 1 unit - $25,000
  • Maximum 12 units - $300,000

After $25,000 of coverage medical evidence of insurability is required. Application available on the iA Financial Group webpage.

For a detailed look at the plan, please refer to the Voluntary Critical Illness Insurance Benefit Summary.

Voluntary (Optional) Spousal Critical Illness

This employee paid benefit provides a lump sum payable to yourself should your spouse be diagnosed with one of the covered conditions found on the iA Critical Illness webpage.

  • Available in $25,000 units
  • Minimum 1 unit - $25,000
  • Maximum 12 units - $300,000

Please note: If your spouse is also a benefited employee of the University of Alberta, they would be eligible to apply for their own Voluntary Critical Illness and therefore would not be eligible for the Voluntary Spousal Critical Illness under your plan.

After $25,000 of coverage medical evidence of insurability is required. Application available on the iA Financial Group webpage.

Please refer to the appropriate Summary of Benefit Costs for premium amounts. Premium amounts are subject to change without notice.

For further information regarding any of the above Insurance Plans, please contact Pension & Benefit Advisory Services at 780-492-4555 or benefits@ualberta.ca.

Review the Management and Professional Staff (MAPS) Handbook for your eligibility. 

Basic life insurance 

A total of $100,000 of life insurance can be claimed, and Human Resource Services will submit the claim on behalf of the designated beneficiary(ies). 

Occupational accidental death and dismemberment 

This benefit provides a principal sum of $25,000 if you suffer accidental death or dismemberment at work. 

In the case of dismemberment, a portion of the principal sum is payable as outlined in the Benefit Coverage table below.

Optional life insurance 

You can purchase additional life insurance in $10,000 units up to $500,000.

Evidence of insurability is required for amounts over $180,000 or when applying late. An application is required. 

Optional dependent life insurance

You can purchase this benefit coverage for your spouse and eligible dependents.

  • $15,000 for your spouse
  • $ 5,000 for eligible dependents

Spouse and eligible dependents are required to provide evidence of insurability when applying late. An application is required.

Human Resource Services will submit the claim on behalf of the beneficiary(ies). 

Business travel accident

This benefit provides a principal sum of $75,000 for accidental death or bodily injury from traveling on business for the university. 

In the event of dismemberment, a portion of the principal sum is payable as outlined in the Benefit Coverage table below. 

Voluntary accident insurance plan

This benefit provides additional coverage for accidental death and dismemberment, available in units of $20,000, up to $480,000. Family coverage is available.

In the case of dismemberment, a portion of total units purchased is payable as outlined in the Benefit Coverage table below. 

Benefit coverage

For loss of

Percentage of insured amount

life

100%

both hands, both feet or both eyes 100%
one hand and one foot 100%
one hand and one eye or one foot and one eye 100%
speech and hearing 100%
one arm or one leg 75%
one hand, one foot or one eye 66%
speech or hearing 50%
thumb and index finger of one hand 33%

 

Benefit coverage percentage of insured amount by loss.

For

quadriplegia 200%
paraplegia 200%
hemiplegia 200%

Please refer to the Summary of Benefit Costs for premium amounts. Premium amounts can change without notice. 

Basic critical illness insurance

This benefit provides a $10,000 lump sum payment by the university to you if you are diagnosed with a covered disease. Additional information can be found in the plan details

Voluntary (optional) critical illness insurance

You can purchase additional critical illness insurance in units of $25,000, up to $300,000. The lump sum will be paid to you if you are diagnosed with a covered condition. You must provide medical proof for units over $25,000 or if applying late. More information and the application form are available on the iAFinancial Group website.

For a detailed look at the plan, please refer to the Voluntary Critical Illness Insurance Benefit Summary.

Voluntary spousal critical illness insurance

You can purchase additional spousal critical illness insurance in units of $25,000, up to $300,000. This benefit provides a lump sum payable to you if your spouse is diagnosed with a covered condition found on the iAFinancial Group website.

Note: If your spouse is also a University of Alberta employee, they are eligible to apply for their  own Voluntary Critical Illness.

Medical evidence of insurability is required for amounts over $25,000 or if applying late. An application form is available on the iAFinancial Group website.

Accidental death and dismemberment

You can purchase additional accidental death and dismemberment insurance. Employee or family coverage is available and Human Resource Services will assist you with the claims process. See the breakdown of the Summary of Benefit Costs.