Accidental Death and Dismemberment Insurance


You can’t prevent accidents from happening. But you can ensure your family doesn’t suffer financially from them.

Accidental Death & Dismemberment Insurance will provide a benefit payment of up to $350,000 if your death is accidental.

But perhaps even more important than death benefits, Accidental Death & Dismemberment Insurance will provide you with financial assistance should you survive a serious accident. There are many expenses associated with a permanent disability that are not covered by health insurance. Home renovations, special equipment or transportation requirements, or even retraining are often necessary. Benefits from accident insurance mean that your full and productive life can continue, even after a serious injury. And, with low premium rates that do not increase as you age, you can have this extra protection for only pennies a day.

Insure your spouse and children as well with the Member and Family Plan. One low premium rate protects the entire family.

If you change workplaces, employment status or even move away from Canada, your Accidental Death and Dismemberment Insurance stays with you.

Eligibility

In order to purchase Accidental Death & Dismemberment Insurance under the Alumni Association of Lakehead University Program you must be already insured for, or applying for, Term Life or Critical Illness Insurance.

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
Life 100%
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.

Accidental Death & Dismemberment Insurance

Monthly Premium Rate per $25,000 Unit

Member Only Plan* Member and Family Plan**
$1.25 $1.88

Important information about your premium rates and coverage amounts:

*You can apply for up to $350,000 in coverage for yourself. The value of each unit of insurance reduces by 10% every year on the June 1st coincident with or following your 61st birthday.

** If you choose the Member and Family Plan, your spouse and children are covered for a percentage of your benefit amount as follows:

Eligible Family Members % of Member's Benefit Applicable
Spouse Only 50%
Spouse and Dependent Children Spouse - 50%; each Dependent Child - 15%
Dependent Children only (no Spouse) Each Dependent Child - 20%

We will pay your premiums if you are disabled
If you’re less than 65 years old and become totally disabled due to an accident or sickness, we will waive all Accidental Death and Dismemberment premiums due after 6 months of continuous disability. Your coverage will continue, at no charge to you, throughout the duration of your disability through to age 70. This benefit is exclusively for alumni members and is not available to spouses.

1. Am I eligible for Accidental Death and Dismemberment Insurance?

You must already be insured or applying for, Term Life or Critical Illness Insurance under the Lakehead University Alumni program to be eligible for Accidental Death and Dismemberment Insurance.

You must also be residing in Canada, and less than 65 years old.

2. Are my spouse and children eligible for Accidental Death and Dismemberment Insurance?

If you choose the Member and Family plan, your spouse and dependent children are also covered.

3. What is the definition of “Spouse”?

“Spouse” means your legal or common-law spouse. “Legal spouse” is a person who is legally married and cohabiting with you, and with whom you have no formal or informal agreement of separation. “Common-law spouse” is defined as a person who has been cohabiting in a marriage-like relationship with you for at least twelve consecutive months. 

4. What is the definition of “Dependent Child?

 “Dependent child” means any natural child, step-child or legally adopted child to whom you are providing full parental support and who is:

  • Unmarried and between 14 days and 20 years of age;
  • Unmarried, between 21 and 25 years of age and in full time attendance at a recognized school, college or university;
  • Mentally or physically disabled, incapable of self-sustaining employment and age 21 or older.

5. When does my coverage terminate?

The earliest of the following dates:

  • the end of the month you are no longer insured for either Term Life or Critical Illness Insurance;
  • the June 1st following the date you reach age 70;
  • the end of the month in which your written request to cancel your insurance is received;
  • the end of the month in which you are no longer eligible;
  • the date the Group Master Policy between the Alumni Association of Lakehead University and Industrial Alliance terminates;
  • with regards to coverage for your spouse, the earliest of the above, or the end of the policy year following the date they reach age 70, or the end of the month in which they no longer qualify as a "spouse".
  • with regards to coverage for your children, the earliest of the above or the end of the month they no longer qualify as a “dependent child”.

6. Will my premiums stay the same?

Yes. However, the value of each unit of insurance reduces by 10% every year on the June 1st coincident with or following your 61st  birthday.

7. Why does the unit value of my coverage start decreasing at age 61?

One of the benefits of purchasing Accidental Death and Dismemberment Insurance is that rates do not increase with age. By decreasing the unit value for those older than 60, we are able to continue offering it to those in that age range without a substantial rate increase. The reduction schedule was designed to provide an affordable solution for those who don’t need as much coverage once their children are grown.

8. Can I change amounts of insurance?

Yes. To increase coverage, you will need to complete a new application. You may either print off the appropriate application in the "Apply Now" section, or apply online for additional coverage.

Decreases in coverage require your written authorization. These can be submitted to us by mail or fax. Please ensure you have signed and dated your request. You can mail your request to:

Special Markets Solutions
Industrial Alliance Insurance and Financial Services Inc.
2165 Broadway W.
PO Box 5900
Vancouver BC
V6B 5H6

Or fax your request toll-free to:
1.888.553.5433

9. Are there any limitations or exclusions I should be aware of?

Yes. Any accidental death or injury resulting from one of the following conditions is excluded and no benefit will be payable: suicide, self-inflicted injury, an act of war, active service in the armed forces or injury sustained while a pilot or crew member of an aircraft.

Also, please be aware that if you are entitled to the Daycare, Education, Repatriation, Retraining or Rehabilitation Benefits for Term Life or Accidental Death Insurance under this policy or any other policy issued by Industrial Alliance, the company’s total liability will be limited to the lesser of the actual expense incurred and the maximum benefit provided.

10. Whom can I name as my beneficiary?

You can name any person as your beneficiary. You are the beneficiary of any coverage for your spouse or dependent children.

Questions? We're here to help.
Call 1 (800) 266-5667 or email solutions@ia.ca