Memo: 2017 Optional Life Plan Premiums (Dec. 1, 2016)

Memorandum
Date: Dec. 1, 2016
From: UBC Human Resources
To: All Faculty and Staff enrolled in the Optional Life Plan
Subject: 2017 Disability Benefit Plan (DBP) Premium Rate for CUPE 116


The UBC Optional Employee and Spouse Life plan is an employee-paid plan that provides benefits to your designated beneficiary (ies) should you, your spouse or your dependent child die.  Participation in the Optional Life plan is voluntary and coverage is in addition to your Basic Group Life coverage.

[1] Premum Rate Remains Unchanged – Jan. 1, 2017

Each year, with the support of our Benefits Consultant, the experience of the Optional Life plan is reviewed.  Effective Jan. 1, 2017, the premium rates will remain unchanged for the upcoming year (2017).

For those also enrolled in the Optional Employee Accidental Death and Dismemberment (AD&D) Plan, these premium rates remain unchanged for the upcoming year.

The current monthly Optional Life premiums are here. To determine your monthly premium for the upcoming year, find the age bracket, smoker status and coverage amount for you and/or your spouse.

To verify your Optional Life coverage and/or view your named beneficiary (ies), log in to the UBC Faculty and Staff Self-Service website (www.msp.ubc.ca) with your CWL username and password and click on “Benefits Summary”.  You will need VPN (https://it.ubc.ca/services/email-voice-internet/myvpn) if you are accessing Self-Service from off-campus.

[2] Making Changes

The Optional Life maximum is $750,000 (for the employee or spouse).  If you would like to increase your current coverage, the first step is to complete the UBC application form and submit the original to UBC Payroll.  UBC Payroll will review your application and email you the Sun Life Health Statement.  For more information on how to apply, including a link to the application form, please visit http://www.hr.ubc.ca/wellbeing-benefits/benefits/details/life-insurance/optional-life-insurance/.

If you would like to decrease or cancel your coverage, change your smoking status or beneficiary, please visit http://www.hr.ubc.ca/wellbeing-benefits/benefits/details/life-insurance/optional-life-insurance/ for next steps.

For Additional Information

For more information about the UBC Optional Employee and Spouse Life plan, please visit http://www.hr.ubc.ca/wellbeing-benefits/benefits/details/life-insurance/optional-life-insurance/.

If you have any questions, please contact Stephanie Mah at 604-822-6823 or stephanie.mah@ubc.ca.