Optional Employee Life Insurance

 

As a Bimbo Canada employee you have the opportunity to purchase additional life insurance, in units of $10,000. Please select the number of units you wish to purchase. If enrolling 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 optional life insurance is dependent on the amount of coverage chosen, your age, gender and smoker status. Payment of your optional life insurance premiums are made through payroll deductions and will not commence until your evidence of insurability has been approved.

Beneficiary Designation

In the event of your death, optional life insurance is payable to the beneficiary you have named under your basic life insurance benefit or in the absence of such designation, to your Estate.