Term Life Insurance


In life, stuff happens.

Most of it good; some, not so good. That’s where the ATA Group Term Life Insurance plan comes in.

Should you die, this plan ensures your loved ones will be cared for financially. You can have peace of mind, knowing that those who are following in your footsteps will be protected. Comforting, isn’t it?

Eligibility

ATA members and their spouses under 70 years of age, who are residing in Canada.

 

What makes the ATA Group Term Life Insurance plan special?

Your group advantage
ATA uses your group buying power to negotiate exceptional value, offering unique features and benefits you won’t find with other insurance providers.
 

Portability
After the initial application process, your coverage is no longer tied to your membership with ATA. You can continue your coverage even when your ATA membership ends.
 

Spouse Coverage
Your spouse is also eligible to apply under your group plan. Daycare, Education and Retraining benefits are also included in their coverage. It’s even better to have Term Life Insurance, together.

And much more!
Your group plan offers special coverage features including: Occupational retraining for spouses, education benefits for children, and premium waiver for disability.

Group coverage means significantly more value.

Some of the benefits we outline below are not included with other life insurance plans or are only available at extra cost.  We've included the following features in your ATA Group Term Life Insurance at no extra cost to you. These benefits are in addition to your term life benefit:

We will pay for your premiums if you are disabled. 
If you’re less than 65 years of age and become totally disabled due to an accident or sickness, we will waive all Term Life 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 ATA members and is not available to spouses.

60 Day money back guarantee graphic.
We offer a 60 day money back guarantee. If you are not fully satisfied, you can cancel your coverage and return the Certificate within 60 days of the effective date. You'll receive a full refund of any premiums already paid.

Extra help for your family:

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 they need to change careers in order to support your family. If your spouse is insured under this plan, you would also qualify for this benefit in the event of their 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 Term Life 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 term life benefit amount. This benefit is also available to your spouse.

Plans for your child's post-secondary education can continue.
With the ATA Group Term Life 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 death, or if they enrol within 365 days of your death, the plan will reimburse their education expenses up to 5% of your Term Life 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 term life benefit amount. This benefit is also available to your spouse.

Additional features:

Your insurance will also help you with expenses during the difficult end-of-life period.
If you’re diagnosed with a terminal illness from which you are not expected to survive beyond 12 months of your written prognosis, iA Financial Group will pay you an amount equal to 50% of the Term Life Insurance you have in effect, to a maximum of $100,000. Your insurance must have been in force for at least two full years at the time of prognosis.

If you change workplaces, employment status or even move away from Canada, your Term Life Insurance will remain in effect.
You’re covered 24 hours a day, anywhere in the world, regardless of a change in your profession, job status, place of employment or residence.

If you should die while you’re away from home...
ATA Group Term Life 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. This benefit is also available to your spouse.

You and your spouse can each apply for coverage to a maximum of $500,000. Together, you could have up to $1,000,000 of protection for your family!

Term Life Insurance
Your Monthly Premium (per $25,000 of Coverage):

Term Life Insurance
Monthly Premium rate per $25,000 unit
Age as of April 1*MaleFemale
 Non-Smoker**SmokerNon-Smoker**Smoker
Under 25$2.69$3.54$1.59$1.89
25-29$2.74$3.59$1.59$1.89
30-34$2.83$3.94$1.84$2.18
35-39$2.93$4.53$2.23$2.88
40-44$3.53$5.79$2.78$4.39
45-49$4.48$9.53$3.58$7.88
50-54$6.75$17.93$5.81$15.73
55-59$10.16$30.40$8.72$25.60
60-64$18.08$53.81$14.46$37.96
65-69$28.67$76.28$21.72$46.62
70-74***$56.34$128.10$39.52$71.39

Rates are subject to provincial sales tax where applicable.
 

Important information about your premium rates:

*Premiums are calculated each year, based on your age at April 1st, and will increase as you reach a higher age band.

**Non-smoker rates apply to individuals who, at the time of application, have not used tobacco, nicotine, or cannabis mixed with tobacco in any form whatsoever within the last 12 months and who have provided satisfactory evidence of insurability.

***The oldest age at which you can apply is 69. The premiums for ages 70 to 74 are for renewal of existing coverage only.

1. ​Am I eligible for Term Life Insurance?

If you’re an ATA member, both you and your spouse are eligible to apply for Term Life Insurance. Even if you choose not to apply, your spouse is still eligible.

You must also be residing in Canada, and less than 70 years of age.

Spouse means the legal spouse of a member, providing there is no separation in effect, or an individual who has been residing in a marriage-like relationship with the member for a period of at least 12 consecutive months.

Your spouse must also be residing in Canada, and less than 70 years of age.

2. When does my coverage terminate?

On the earliest of the following dates: 

  • the end of the policy year following the date you reach age 75;
  • the end of the month in which your written request to cancel your insurance is received;
  • the date the Group Master Policy between the Alberta Teachers' Association and iA Financial Group terminates;
  • with regard to your spouse's Term Life Insurance, the earliest of the above or the end of the policy year following the date they reach age 75, or the end of the month in which they no longer qualify as a "spouse".

3. Will my premiums stay the same?

Premiums are calculated based on your age and applicable rate at the beginning of each April. As the rates are in 5-year age bands, premiums will increase as you reach a higher age band.

Please refer to the pricing tab to find out your age band and monthly premium.

4. Can I change amounts of insurance?

Yes. To increase coverage, you will need to complete a new application.

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

Special Markets Solutions
iA Financial Group
400 - 988 Broadway W.
PO Box 5900
Vancouver BC, V6B 5H6

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

The only exclusion is suicide occurring within two years of the effective date of your insurance.

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

6. Whom can I name as my beneficiary?

You can name any person as your beneficiary. You are your spouse's beneficiary unless your spouse names a different beneficiary. You may change your beneficiary by written instruction at any time unless irrevocably appointed. Please note that in Quebec, if you make your spouse your beneficiary that designation is irrevocable, unless you have specified otherwise.

7. Where can I find out more information?

For more information please see our Customer Service page.

You can also speak to a Client Service Specialist by email at solutions@ia.ca, or call our toll-free number at 1-800-266-5667 (6:30am to 4:30pm Pacific Time).

Want to apply for a plan? Here's how:

  1. Download and fill out this form: Application for Voluntary Group Insurance
  2. Mail your completed application along with a cheque for your first month's premium, if applicable, to iA Financial Group at the following address:
     

    Special Markets Solutions
    iA Financial Group
    400 - 988 Broadway W.
    PO Box 5900
    Vancouver BC, V6B 5H6

Please note you will need Adobe Acrobat Reader, available free from Adobe, to view and print the application form.

Request an Application

To request an application: Email iA Financial Group at solutions@ia.ca or call 1 (800) 266-5667 for any of the above products.

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