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.
Fraud Prevention Month is an annual public awareness campaign that helps Canadians recognize, reject, and report fraud attempts.
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