If you are a Member insured for or applying for Term Life Insurance, you can also apply for coverage for your dependent children.
Dependent Children means any natural child, step-child or legally adopted child of an eligible Member who is :
- over 14 days of age and under 21 years of age, unmarried and receives full parental support and maintenance, or
- 21 years of age or over but under 25 years of age, unmarried and receives full parental support and maintenance for reason of full-time attendance at a recognized school, college or university.
Mentally or physically disabled children may remain covered past 21 years of age, provided they are incapable of self-sustaining employment and receive full parental support and maintenance from the Member.
Note: If both you and your spouse are Members, only one of you can apply for this benefit.
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Benefit Amounts |
You can select coverage in units of $5,000 to a maximum of $20,000.
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Premium Rates |
The premium covers all of your eligible Dependent Children, regardless of the number.
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Dependent Children Term Life Insurance |
| Benefit Amount |
Monthly Premium |
$5,000 |
$1.00 |
$10,000 |
$2.00 |
$15,000 |
$3.00 |
$20,000 |
$4.00 |
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Additional Benefits |
Waiver of Premium
If you have been approved for waiver of premium for your Term Life Insurance, then premiums will also be waived for your Dependent Term Life Insurance while you are totally disabled.
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General Information
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Termination
Coverage for your dependent children will terminate on the earliest of :
- the date your coverage ceases for any reason;
- the date they no longer qualify as a "Dependent Child".
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