Group Life Insurance
This program is offered through Morneau Shepell, Industrial Alliance, and SSQ are leaders in the field of group insurance and related services. And it’s specially designed for members, their employees and families!
What you need to know before applying…
The Life Insurance plan is available to members of the Retail Council of Canada (RCC), their spouses, as well as employees of members and their spouses.
Each Plan Member may have different life insurance needs above the amount offered for Basic Life Insurance. Optional Life Insurance allows a Plan Member to purchase additional life insurance through payroll deductions. The cost of this coverage is considerably less than to purchase individual insurance outside of a group plan. Medical evidence of insurability is required for this benefit.
Optional Life Insurance is available with the following plan features:
Rates for Basic Life Insurance are based on the specific demographic features of each insured group. The volume purchasing arrangement available to you allows for very competitive Life Insurance rates. Rates for Optional Life Insurance are based on the age and smoking status of the Plan Member and/or spouse. Each rate represents the monthly cost to purchase $10,000 of optional coverage:
Designating a beneficiary
In the event of your death, benefits will be paid to your beneficiary. You may appoint your beneficiary on the Application Form, or change your beneficiary at any time by completing a Change of Beneficiary Form, subject to the law in your province of residence. If you do not appoint a beneficiary, or your named beneficiary predeceases you, benefits will be paid to your estate.
Coverage becomes effective … on the first of the month following the approval of your application.
What you need to know before applying…
The Life Insurance plan is available to members of The Retail Council of Canada (RCC), their spouses, as well as employees of members and their spouses. Members and their employees must apply for or have coverage before their spouses can apply. To apply, you must be under age 65 and residing in Canada. Medical evidence of your good health is required when applying for benefits. You must therefore complete the Health Declaration section on the Application Form. If further information is required, you will be notified.
This program is offered through SSQ. The RCC Accidental Death & Dismemberment (AD&D) plan provides additional financial protection if you die or are seriously injured due to an accident. The coverage provides you with protection anywhere in the world, 24 hours a day.
Similar to Optional Life Insurance, Optional AD&D Insurance can be purchased by a Plan Member through payroll deduction. Optional AD&D provides another means to protect against the financial hardship caused by a severe accident.
Optional AD&D Insurance is available with the following features:
Optional Accidental Death & Dismemberment (AD&D) Insurance Rates
A flat, competitive rate for optional AD&D Insurance is available to all member groups.
Designating a beneficiary
In the event of your death, benefits will be paid to your beneficiary. You may appoint your beneficiary on the Application Form, or change your beneficiary at any time by completing a Change of Beneficiary Form, subject to the law in your province of residence. If you do not appoint a beneficiary, or your named beneficiary predeceases you, benefits will be paid to your estate.
What you need to know before applying…
The AD&D plan is available to members of the Retail Council of Canada (RCC), their spouses, as well as employees of members and their spouses. Members and their employees must apply for or have coverage before their spouses can apply. To apply, you must be under age 65 and residing in Canada.