Group life insurance is an important part of your overall benefits. It is designed to provide you with peace of mind, knowing that your dependants and loved ones will have the financial resources they need in the event of a tragedy.

A critical piece of this coverage is ensuring that your beneficiary information is current. You should review and update your beneficiaries when:

• You experience a major life event such as a birth, change in marital status or death in the family.
• You update your will or estate plan.
• You receive a beneficiary verification notice.

Even if you haven’t experienced a life event or changed your will, it’s a good idea to review your beneficiary designations from time to time. That way, you can rest assured that your assets will be distributed according to your wishes.

To review or update your beneficiary information, please log in to our secure self-service portal.

For complete details about your group life insurance, please log in to our secure self-service portal and refer to your plan contract.

Making a claim

Your group life insurance provides valuable protection for your family, but it may not be sufficient to provide them with all the things you’d want them to have if you were no longer there — things like post-secondary education for your kids or a secure retirement for your spouse.

Review OTIP’s offerings of a range of convenient personal plans, with coverage up to $1 million, to increase your life insurance.

• Non-Renewable Term Life Insurance – Enjoy defined premiums for a set term ranging from 10 to 25 years, with coverage ranging from $100,000 to $1 million.
• Renewable Term Life Insurance – Premiums are level throughout the initial policy term, with increases applied at time of renewal. Term lengths from 10 to 25 years and coverage ranging from $100,000 to $1 million.
• Term 100 – Coverage up to age 100, with level premiums throughout the length of the policy and coverage ranging from $100,000 to $1 million.
• LifePlan 10 – Coverage from $25,000 to $1 million and defined premiums for the initial 10-year term, with increases at time of renewal.