Need to know

Active, Associate, Life or Honourary Members and Employees of the Alberta Teachers’ Association and Employees of the ATRF, and their spouses are eligible to apply. Applicants must be under age 65 and residing in Canada. Your spouse can apply, even if you choose not to.

Note: If you already have $50,000 of Guaranteed Acceptance Term Life Insurance under this plan you are not eligible for this offer. If you already have $25,000 of Guaranteed Acceptance Term Life you may only apply for an additional $25,000.

While this Guaranteed Acceptance offer is a good opportunity to purchase Term Life Insurance without answering the health questions that are normally required, there are some important limitations you need to be aware of. For the first 24 months immediately following the effective date of coverage the following limitations apply:

• If the cause of death is non-accidental, no benefit is payable, but premiums will be refunded with 5% interest, compounded annually.
• If the cause of death is suicide, no benefit is payable, and premiums will not be refunded.
• If the cause of death is accidental, the full benefit payment will be made.

Coverage terminates on the earliest of the following dates:

• the end of the policy year following the date you reach age 75;
• the end of the month in which your written request to cancel your insurance is received;
• the date the Group Master Policy between ATA and iA Financial Group terminates;
• with regard to your spouse's Term Life Insurance, the earliest of the above or the end of the policy year following the date they reach age 75 , or the end of the month in which they no longer qualify as a "spouse".

Spouse means the legal spouse of an eligible member, providing there is no separation in effect, or an individual who has been residing in a marriage-like relationship with the member for a period of at least 12 consecutive months.

Insurance will take effect on the date your completed application is received by Industrial Alliance Insurance and Financial Services Inc. and your first month's premium has been paid.

If you no longer have active employment, or if required, active membership, or an insured spouse or dependent child(ren) no longer meet(s) the eligibility requirement under this group policy, you should contact our Client Service line on 1-800-266-5667.  A Client Service Team Member will walk you through the necessary steps.  Termination requests must be submitted in writing.

When our office is advised of your ineligibility (in writing) within 3 months of the ineligibility date, you may be entitled to a 3 month premium refund.