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UBC Benefits offers two life insurance plans to eligible UBC staff and faculty: a Basic Group Life Insurance plan and Optional Life Insurance. As well, UBC offers an Optional Accidental Death & Dismemberment option.
UBC’s Basic Group Life Insurance plan provides benefits to your designated beneficiary in the event of your death, whatever the cause. Your spouse and/or dependent children are not covered under this Basic Group Life Insurance plan, but may qualify under UBC’s Optional Life Insurance. Your insurance premiums are determined by your UBC employee group.
Enrolment in UBC’s Basic Group Life Insurance is mandatory.
Basic Group Life Insurance for Faculty and Staff
UBC’s Optional Life Insurance plan provides supplementary coverage for you and your spouse and/or dependent children. Like the Basic Group Life Insurance plan, the UBC employee group you belong to determines the insurance premiums you pay.
Optional Life Insurance for Faculty and M&P Staff
Optional Life Insurance for Staff
To enrol in this plan, first complete an application form that will determine your eligibility. If you qualify, the next step is to submit a Sun Life Statement of Health Form. The review process generally takes five business days. Visit the Forms section of the UBC Benefits website to access the appropriate forms).
For more information about the level of coverage available under this plan, contact UBC Benefits.
If you wish to cancel your UBC Optional Life Insurance coverage, you can do so at any time. Visit the Forms section of the UBC Benefits website to complete a Cancellation Form.
UBC’s Optional Accidental Death & Dismemberment coverage provides benefits if you become the victim of an accident that costs you your life, limb, sight or hearing. Your insurance premiums depend on whether you are a UBC staff or faculty member, and are determined by your UBC employee group.
Optional Accidental Death & Dismemberment for Faculty and Staff
It is very important that your beneficiary or executor knows to contact UBC Human Resources in the event of your death. We can only communicate directly with the designated beneficiary, beneficiaries or trustees that are on file. They will be asked to provide the following information in writing:
UBC Human Resources will then provide the necessary claim forms and help with the claim submission process.
To designate or change a beneficiary:
When you enrol in the UBC Basic Group Life Insurance and Optional Life Insurance plans, you will be asked to name a beneficiary. You can name your children as beneficiaries, but if they are a legally recognized minor (i.e. under the majority age of 19), you must also appoint a trustee. If you don’t appoint one, you children may need to wait until age 19 before they can access your life insurance benefits.
To update or change your beneficiary, visit the Forms section of the UBC Benefits website and complete a Change Form.
To apply for a loan against your life insurance:
If you are diagnosed with a terminal illness and are expected to live less than a year, you may be eligible to apply for a Living Benefits loan, which can provide some financial relief.
For more information about Living Benefits loans, including details about the application and approval process, contact UBC Benefits.
Your Live Insurance coverage will be affected when you leave UBC. For more information, visit the Leaving UBC section.
If you have questions about UBC’s Basic Group Life Insurance, Optional Life Insurance or Optional Accidental Death & Dismemberment coverage, please contact UBC Benefits.
