Faculty and Staff

Life Insurance & Optional Insurance: Support Staff

The following 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

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%

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.

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.