Basic Group Life Insurance
Your Basic Group Life Insurance Plan will pay a sum of money (benefit) to your designated beneficiary in the event of your death. Spouses and dependent children are not covered under the Basic Group Life Insurance plan.
Your age and annual earnings, not including overtime or honoraria, determine your Basic Group Life Insurance coverage. UBC pays the monthly premiums associated with this benefit.
When does my coverage begin and end?
See Benefit Coverage Start and End Dates for details on when your coverage begins and ends.
When your coverage ends, you can convert your group policy to an individual policy. Learn more.
What is my coverage?
Your age and your annual earnings, not including overtime or honoraria, determine your Basic Group Life Insurance coverage.
For salaried employees, payments are calculated by multiplying your annual basic earnings by your age at the time of your death. For hourly employees, payments are calculated by multiplying the salary 12 months from the date of your death by your age at the time of your death. For example, if you die when you are 34 years old or younger, your beneficiary will receive four times your annual basic earnings. If you die between the ages of 65 and 71, your beneficiary will receive a payment equal to your annual basic earnings. The maximum amount your beneficiary will receive in the event of your death is $300,000.
The value of your life insurance coverage decreases as you get older, assuming your annual basic earnings remain constant. Your life insurance coverage may also decrease if your annual basic earnings are reduced.
You can convert all or a portion of the reduced coverage amount to an individual plan with Sun Life. You can convert all or a portion of your Basic Group Life Insurance coverage to an individual policy within 31 days after you experience a reduction in coverage or your coverage ends. See Converting your group policy to an individual policy for more information.
The table below shows the most current Basic Group Life Insurance coverage. These rates may not apply to you if you were not actively at work when the new schedule came into effect. For more information, refer to your Sun Life Benefit Booklet.
|Age||Amount of Life Insurance|
|34 and under||4.0 x basic earnings|
|35||3.8 x basic earnings|
|36||3.7 x basic earnings|
|37||3.6 x basic earnings|
|38||3.5 x basic earnings|
|39||3.4 x basic earnings|
|40||3.3 x basic earnings|
|41||3.1 x basic earnings|
|42||2.9 x basic earnings|
|43||2.7 x basic earnings|
|44||2.5 x basic earnings|
|45||2.2 x basic earnings|
|46 – NRD*||2.0 x basic earnings|
|post NRD – 71||1.0 x basic earnings|
*NRD = Normal Retirement Date. The Normal Retirement Date for Staff is the end of the month you turn 65. For Academic Executive or Faculty, your normal retirement date is June 30 or December 31 following (or on) the date you turn 65.
How do I designate a beneficiary?
It is important to keep your Basic Life Insurance beneficiary up to date, so that in the event of your death, the benefit is paid to the intended person. See designating a beneficiary for more information.
For more information
The outline above is a descriptive summary of the plan and is not a contract. All terms and conditions are governed by Contract Number 050555 with Sun Life Assurance Company of Canada. In the event of a discrepancy, benefits will be paid according to the official document and applicable legislation.
You can read the full details of your Basic Life Insurance policy in the Sun Life booklet for your employee group:
- BCGEU Childcare
- BCGEU Okanagan
- CUPE 116
- CUPE 2278
- CUPE 2950
- IUOE 882
- Faculty: includes Faculty and Academic Executive
- Management and Professional: includes Management & Professional and Administrative Executive
- Non-union: includes Executive Administrative, Farm Workers and Non-Union Technicians and Research Assistants
- Basic Group Life Insurance
- Optional Life Insurance
- Optional Accidental Death & Dismemberment
- Life Insurance Conversion
- Designating a Beneficiary for Life Insurance
Extended Health/Dental number
Active Benefits: 025205
Retiree Benefits (RSB): 020605
Member ID: your 7-digit UBC employee ID number
Visit the Sun Life Member Website or call Sun Life at 1-800-661-7334 or 1-800-361-6212.
Call the Shepell Care Access Centre at 1-800-387-4765 to chat with a counsellor.
Questions about life insurance?
If you have questions about UBC’s Basic Group Life Insurance, Optional Life Insurance or Optional Accidental Death & Dismemberment coverage, please contact UBC Benefits.
What’s my coverage?
To see complete details of the life insurance coverage offered through UBC, please review the Sun Life booklet for your UBC Employee Group.