
A primer on plan design and funding
Starting September 1, 2024, there will be several Plan changes for P/VP Members that will help maintain an affordable and sustainable Plan.
Principals/Vice-Principals (P/VP)
Converting your life insurance
If your coverage through the ONE-T plan ends, you may be able to convert your life insurance into an individual policy with Canada Life, without having to provide proof of good health.
To qualify, you must:
If Canada Life approves your application, the maximum amount you can convert to an individual policy is $200,000 (including both your basic and optional life insurance).
You can view the Plan Booklet for more details about life insurance and the conversion option – and what’s available for your spousal life insurance, if applicable.
Looking to convert? Here’s how:
Starting September 1, 2024, there will be several Plan changes for P/VP Members that will help maintain an affordable and sustainable Plan.
If you’re travelling out of the province or out of the country, remember that you have emergency travel medical coverage under your ONE-T benefits plan.
This Update has been prepared for ONE-T P/VP Members so you can learn about the key highlights from 2024 and what’s coming up for the Plan in 2025.
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