Life Insurance: Academic 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 $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

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 100%
Paraplegia 100%
Hemiplegia 100%

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.