Languages
| Do I choose 1 of the 2 Insurances? |
No, there are two death benefits. One is a lump sum payable to your Group Life beneficiary and the other is a monthly benefit payable to your Survivor Income Benefit (SIB) beneficiary. |
| Do I have to name the same beneficiary for both death benefits? |
No , these are two separate benefits and you can name whomever you want for either benefit. Or if you choose to you can name the same person but you must put a name for both benefits. |
| Can I name more than one person as my beneficiary for both benefits? |
Yes , you may designate more than one beneficiary under either death benefit. However, if you name your spouse as your SIB beneficiary you cannot name another person under this benefit because the SIB is payable to a spouse for their lifetime and anyone else for a 10-year period |
| Can I name minor children? |
Yes, but please note the minors cannot receive money directly themselves. The money will be sent to the Public Trustee office until the minors are of age 18. If this is not what you would want, you could designate a beneficiary (non minor) to receive the money on behalf of the children or name your estate and set out directions in your will. You may wish to consult a lawyer about the best option for you. |
Can I name my estate for both benefits? |
| Yes |
| What insurance company carries our Group Life Insurance and Survivor Income Benefit policy? |
| BC Life & Casualty Co. cover Group Life Insurance and the TWBP covers the Survivor Income Benefit.. |
| When are Short Term Disability benefits payable from the Plan? |
| Short Term Disability benefits start from the 1 st day you stop receiving 100% of your earnings from your Employer. |
| How long can I collect Short Term Disability benefits? |
| Monthly STD benefits continue while disabled up to 24 months following your date of disability, but not beyond the date you retire, reach age 65 or terminate your employment. |
| When do I receive my Short Term Disability cheque? |
| STD is payable once a month and are issued by BC Life and Casualty on the 15 th of each month. |
| Do I need to supply medical information when my earnings reduce from my Employer? |
No , benefits will continue to be paid to you while you are disabled and continue to receive earnings from your employer. When you no longer receive earnings from your employer, medical information at that time will be requested. |
| How do I enrol in the Benefit Plan? |
New members will be sent an Application for participation in the Plan. They have 60 days in which to complete the Application. If you decline coverage at that time and wish to enrol at a later date, you must contact the Benefit Plan Administration office and ask for an application. You may also be required to submit medical evidence of insurability at that time. |
| How much does it cost to participate in the Benefit Plan? |
The current contribution rate is 1.5% of gross payroll per pay period for regular employees and 1% for temporary employees. |
How do I know if I am enrolled in the Benefit Plan? |
Check your pay cheque stub. You will see a code TWUBPD beside the deduction. |
| Do temporary and regular employees have the same coverage? |
| No , temporary employees are covered for Group Life Insurance and Survivor Income benefits. They are not covered for Short Term Disability. |
| How do I cancel my coverage? |
| You must contact the Benefit Plan administration office, they will send you a withdraw letter and waiver card that you must sign and return to the office. Upon receiving both the Administration office will contact your Employer to advise them you are no longer a member of the Benefit Plan. |