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As a Lifemark employee you have the opportunity to purchase additional life insurance for your spouse, in units of $10,000, to a maximum of $500,000, (basic life and optional life combined). Please select the number of units you wish to purchase.
If enrolling your spouse for the first time, all amounts of insurance are subject to evidence of insurability. Any increase in coverage will also require evidence of insurability.
The cost of your spouse’s optional life insurance is dependent on the amount of coverage chosen, your spouse’s age, gender and smoker status. Payment of your spouse’s optional life insurance premiums are made through payroll deductions and will not commence until their evidence of insurability has been approved.
Beneficiary Designation
You are the beneficiary of your spouse’s optional life insurance.
Termination of Coverage
Your spouse’s optional life insurance ends on the earlier of retirement, termination of employment or age 65.
For more information regarding your optional life insurance please refer to your FlexLife Benefits Guide and your Medavie Blue Cross benefits booklet.
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