Please note important plan change!
Effective January 1, 2021 you will no longer have the option to increase your Group Life coverage to 6x or 7x your annual salary, and no longer be able to increase your Group Life maximum higher than $1 million.
You will have until November 30, 2020 to apply for the 6x or 7x benefit option. Contact your school division for the required forms. Medical evidence must be approved by Canada Life. Completed forms must be returned to Canada Life by fax or email by November 30, 2020 (or Canada Post mail postmarked no later than November 30, 2020). No exceptions will be made. If approved, additional amounts of insurance will be effective on the date Canada Life approves your application.
If you are covered for 6x or 7x your annual salary at December 31, 2020, these levels will be grandfathered, i.e. you will not lose the 6x or 7x benefit level.
If you are covered for less than $1 million at December 31, 2020, your Group Life insurance amount will be capped at $1 million when future salary increases are applied.
If you are covered for $1 million or more at December 31, 2020, this benefit amount will be grandfathered. Any future salary increases will not be applied to your Group Life insurance amount.
You and your family deserve the peace of mind that comes from knowing you have financial protection in the event of death or a serious accident. That’s why the Manitoba Public School Employees Group Life Insurance Plan offers employees a flexible, affordable group life insurance plan. The plan lets you tailor your insurance program to your individual circumstances.
Coverage under the Group Life Insurance benefit is mandatory for all eligible employees hired in your school division or district. Should you need more insurance than that provided by the mandatory benefit, you may increase your Group Life Insurance coverage, provided you meet the requirements of the plan at the time the increase is applied for. As well, you may also choose to add Family Life and/or Accident Insurance to ensure you have the coverage you need for yourself and your family.
Use the Insurance Rate Calculator to explore the various insurance options open to you. (7% RST is payable in addition to the calculated amount.)
Complete the Personal Affairs Record if you would like to record all important documents for your family.