The payment you receive depends on the severity of loss that you suffer. In order to receive a benefit payment, the loss must be due to an accident, and must occur within 365 days of the accident. The percentage of benefit payment you will receive is as follows:
|Schedule of Loss||Percentage of Benefit|
|Both hands of both feet||100%|
|Entire sight of both eyes||100%|
|One hand and one foot||100%|
|One hand and the entire sight of one eye||100%|
|One foot and the entire sight of one eye||100%|
|Speech and hearing in both ears||100%|
|One arm or one leg||75%|
|One hand or one foot||66 2/3%|
|Entire sight of one eye||66 2/3%|
|Speech or hearing in both ears||50%|
|Thumb and index finger of either hand||33 1/3%|
|Hearing in one ear||16 2/3%|
|Quadriplegia (Complete paralysis of both upper and lower limbs)||100%|
|Paraplegia (Complete paralysis of both lower limbs)||100%|
|Hemiplegia (Complete paralysis of upper and lower limbs of one side of body)||100%|
Only the largest amount shown on the Schedule of Loss is payable for all losses resulting from any one accident
The Lakehead University Accidental Death & Dismemberment plan comes with a lot of extra benefits designed to help you recover from a serious accident, or to help your family recover from your accidental death. If you receive a benefit payment as outlined in the Schedule of Loss above, you can receive the following extra payments, in addition to your benefit amount.
Helping you recover from a serious accident
We will help with home or vehicle alterations
If one of the results of your accident is life in a wheelchair, Industrial Alliance will pay up to $10,000 towards the alteration of your home or modification of a motor vehicle for wheelchair accessibility. You have up to 3 years after the date of your accident to take advantage of this benefit. If you choose the Member and Family Plan, this benefit is also available to your spouse and children.
Help to retrain for a new occupation
If your injuries mean you can no longer do your current job, Industrial Alliance will reimburse up to $10,000 in retraining expenses for a new occupation. You have up to 3 years after the date of your accident to take advantage of this benefit.
Help for your family in case of your accidental death
Career retraining for your spouse
In the event of your death, this plan will pay up to $10,000 for your spouse to receive occupational training should your spouse need to change careers in order to support your family. The Retraining Benefit is only available in the event of the alumni member’s death.
Help with daycare costs
Should you die while your children are in their daycare years, this plan will reimburse for daycare expenses up to 5% of your Accidental Death and Dismemberment Insurance coverage to a maximum of $5,000 per year, per child for up to 4 consecutive years. These payments are in addition to your Accidental Death and Dismemberment benefit amount. The Daycare Benefit is only available in the event of the alumni member’s death.
Plans for your child’s post-secondary education can continue
With the Lakehead University Accidental Death & Dismemberment Insurance plan, you have the peace of mind knowing that your dreams of higher education for your child won’t be cut short by your premature death. If your child is attending a post-secondary institution at the time of your accidental death, or if they enrol within 365 days of your death, the plan will reimburse their education expenses up to 5% of your accidental death and dismemberment coverage to a maximum of $5,000 per year, per child, for up to 4 consecutive years. These payments are in addition the payment of the Accidental Death and Dismemberment benefit amount. The Education Benefit is only available in the event of the alumni member’s death.
If you should die while you're away from home...
Lakehead University Alumni Accidental Death & Dismemberment Insurance will pay for transportation of your remains to your city of residence, including preparation of the body for transportation, to a maximum of $10,000. If you choose the Member and Family Plan, this benefit is also available to your spouse and children.
Consultel ® confidential psychological assistance service
When an accidental death or serious accident occurs, the financial protection provided by your insurance coverage is essential. But quite often, that is not enough — there is also an emotional component that must be addressed. Your Accidental Death & Dismemberment Insurance coverage includes access to professional counseling to help you or your family cope with a difficult life event.
Telephone counseling is available, at no extra cost to you or your family, as soon as a claim has been filed.