Life insurance helps provide financial support to your loved ones if you pass away. Accidental death and dismemberment (AD&D) coverage offers added protection if a serious accident results in death or a covered injury. Pandora offers you the option to buy this coverage through Freedom to Choose to ensure that you have the coverage you need.
What insurance provides
- Financial support for your family if the unexpected happens
- Assistance covering everyday expenses, future needs, or outstanding bills
- Peace of mind knowing your loved ones are protected
What you receive
Freedom to Choose insurance
You pay premiums directly to Canada Life, and coverage can continue even if you leave your group plan.
- Life insurance:
- $25,000 to $1,000,000 for you or your spouse or domestic partner
- $5,000 to $15,000 for each child
- Member and spouse or domestic partner coverage is available in $25,000 increments
- Accident insurance:
- $25,000 to $250,000 for you
- Spouse or domestic partner coverage is 40% of your amount
- Child coverage is 5% of your amount
- Member and spouse or domestic partner coverage is available in $25,000 increments
Critical illness insurance
Critical illness insurance
Critical illness insurance pays benefits directly to you (unless otherwise stated) if you experience a condition like:
- Cancer
- Heart attack
- Stroke
- Kidney failure
- Major organ, heart, or bone marrow transplant
You can use the money however you choose (deductibles, copays, childcare, transportation, or everyday expenses). This coverage is also through Freedom to Choose.
Coverage amount
You can purchase coverage in $25,000 increments, from $25,000 up to $250,000 for yourself or your spouse or domestic partner.
When does coverage end?
- Coverage ends when you reach age 65.
- Coverage ends for your spouse whenever you or he or she reaches age 65—whichever comes first.
