Life and Accidental Death & Dismemberment (AD&D) Insurance

Life and AD&D insurance

We offer Basic Life and Accidental Death & Dismemberment (AD&D) Insurance to protect you and your family, at no cost to you. You can also purchase Optional Life Insurance if you want additional coverage.

How it works

If you’re a permanent part-time or full-time employee who works 21 or more hours per week, you’re eligible for Basic Life and AD&D Insurance. Life Insurance benefits are paid to your covered beneficiaries in the event of death, and AD&D pays benefits in the event of accidental death or dismemberment.

If you’re suffering from a terminal illness, you can request an accelerated death benefit from your Life Insurance plan to help with estate planning and funeral expenses.

Coverage

Basic Life Coverage Provided by Iron Mountain

Amounts shown are in Canadian dollars.

	You	Spouse or Partner	Child
Benefit Amount	2 times your annual earnings (including any commissions)	$10,000	$5,000 (per child)
Maximum	Up to 2 times $1,000,000 with Evidence of Insurability (EOI)*	$10,000	$5,000 (per child)

*You will be asked to provide proof of your health before coverage is approved. This is called Evidence of Insurability, or EOI. The maximum coverage amount without EOI is $850,000.

Age Reductions

If you’re age 65 or older, Basic Life Insurance benefits will be reduced:

If you’re 65 – 69 years old, the Plan will pay 50% of the benefits.
If you’re 70 years old or older, the Plan will pay a maximum of $50,000.

Basic AD&D Coverage Provided by Iron Mountain

Amounts shown are in Canadian dollars.

	You
Benefit Amount	2 times your annual earnings^**
Maximum	$1,000,000

**The benefit varies based on the type of loss experienced.

Optional Life Coverage You Pay For

Amounts shown are in Canadian dollars.

	You	Spouse or Partner	Child
Benefit Amount	Units of $10,000^**	Units of $10,000	Units of $5,000(per child)
Maximum	Up to a maximum of $1,000,000 (Basic and Optional Life combined)	Up to a maximum of $500,000	Up to a maximum of $20,000

**You or your spouse/partner will be asked to provide EOI before your Optional Life Insurance coverage is approved.

Age Reductions

When you reach age 65, you’re no longer eligible for Optional Life Insurance.

Costs for Optional Life Coverage

You pay 100% of the costs for all Optional Life Insurance. Amounts shown are in Canadian dollars.

Employee and Spouse/Partner (per $10,000 of coverage cost per month)
Age	Male (Smoker)	Male (Non-Smoker)	Female (Smoker)	Female (Non-Smoker)
Under 25	$1.08	$0.70	$0.60	$0.36
25-29	$1.08	$0.70	$0.60	$0.36
30-34	$1.20	$0.71	$0.89	$0.36
35-39	$1.56	$0.91	$1.08	$0.60
40-44	$2.64	$1.42	$1.80	$0.96
45-49	$4.44	$2.39	$3.00	$1.56
50-54	$7.44	$4.07	$4.80	$2.66
55-59	$11.76	$6.78	$7.56	$4.20
60-64	$17.76	$10.46	$11.16	$6.55
Dependent Children
$0.25 per $1,000 unit of coverage

Resources

Learn more about your Basic Life coverage with these resources:

Life and Disability Group Insurance Policy

Leaving Iron Mountain?

If you’re leaving Iron Mountain (e.g., switching jobs or retiring), your coverage will end on your last day of employment. If you’re under 65 years of age, you can convert your Life Insurance policy to an individual product. For assistance, contact Desjardins Insurance at 800.263.1810 within 31 days following your last day of employment.

Designate a beneficiary
It’s important to designate one or more beneficiaries for your Life and AD&D benefits. Here’s how:
- Go to Global HR Service Support and select “My Benefits Canada.” Then, click the down arrow next to the person icon and select “Beneficiaries” at the top right-hand corner of the screen.
- List the family members you wish to designate as beneficiaries and allocate a percentage of your Life Insurance to each family member. Once complete, select “Save Changes.”
Report a Claim

Call Global HR Service Support at 855.462.7547 to report a claim. The Life Insurance policy number is 541545.

Report a Claim

Contacts