Group life insurance is an important part of your overall benefits. It is designed to provide you with peace of mind, knowing that your dependants and loved ones will have the financial resources they need in the event of a tragedy.
A critical piece of this coverage is ensuring that your beneficiary information is current. You should review and update your beneficiaries when:
- You experience a major life event such as a birth, change in marital status or death in the family.
- You update your will or estate plan.
- You receive a beneficiary verification notice.
Even if you haven’t experienced a life event or changed your will, it’s a good idea to review your beneficiary designations from time to time. That way, you can rest assured that your assets will be distributed according to your wishes.
To review or update your beneficiary information, please log in to our secure self-service portal.
For complete details about your group life insurance, please log in to our secure self-service portal and refer to your plan contract.
Making a claim
Want more protection for your family?
Your group life insurance provides valuable protection for your family, but it may not be sufficient to provide them with all the things you’d want them to have if you were no longer there — things like post-secondary education for your kids or a secure retirement for your spouse.
To increase your life insurance, OTIP offers a range of convenient personal plans, with coverage up to $1 million.
LifePlan — Check out the new simple and fast online quick quote tool. There are a variety of LifePlan terms ranging from 10, 15, 20, and 25 years, with coverage from $100,000 to $1,000,000. Applicants can also choose to select a renewable plan or a non-renewable plan, depending on your unique needs!
LifePlan 10 — Short-term security that goes a long way.