Insurance Information
Life Insurance
Every full-time Peel secondary teacher automatically has two term
life insurance policies. These policies include:
- $100,000 policy from Manulife
through our benefits agreement. Teachers have the option of increasing coverage
by up to 8 units of $25,000 each, self-paid upon application.
- A life policy
included in the LTD package from Teachers Life. The amount of life insurance
varies depending on the level of coverage selected. Long-term disability
coverage is self-paid (see section on LTD).
Long Term Disability (LTD) Insurance
- LTD plan administered by Teachers Life (416) 620-1140
- the
Peel Board pays the administrative cost while each teacher pays the premium
cost
- Basic plan is a condition of employment and includes short term,
long term and term life benefits
- Supplemental coverage is available
on a self-paid basis by application. New hires do not need to supply a
medical within the first 60 days to get supplemental insurance.
- LTD
is normally accessed when sick leave runs out. Since there is a qualifying
waiting period, members requiring LTD should contact the Benefits and Retirement
Counsellor three months prior to running out of sick days.
- Upon
presentation of medical evidence, Teachers Life will assess whether the
teacher qualifies for disability.
- If completely disabled from teaching, the plan provides
24 months of tax-free income dependant upon your level of coverage.
- Also includes a $48,000 term life policy
- You may cancel your LTD
after attaining your factor 85 or after turning 65.
Please contact District 19's Benefits & Counsellor at (905) 564-7255 if you have any further questions.
All District 19 members should familiarize themselves with the
various aspects of their benefits coverage by reading plan literature. OSSTF
District 19 accepts no legal or financial responsibility for actions taken
by members on the basis of the information above.
