September 18, 2017

Remember to update your group life insurance beneficiary

September 18, 2017
Beneplan update your group life insurance beneficiary

If you've recently had a life event, make sure you are advising Beneplan or your plan administrator to update your beneficiary for Canadian group life insurance and group long term disability (if applicable):

  • Recently married, separated or divorced
  • New baby
  • Other significant life event

Why is this important?

  • If you do not add a named beneficiary in your group life insurance benefit, the amount will automatically be paid to your estate.
  • Handling life insurance within an estate is problematic, because it may be subject to probate fees, and likely will not have creditor protection (ask your financial adviser for more details).

If you're a Beneplan plan member, email to start the process of updating your beneficiary.As always, you're welcome to call us at 1-800-387-1670 if you have any questions.


Get curated insights from the health benefits space every month.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Other Great Reads

Ask These Questions Before Signing an Agent of Record Letter [Employee Benefits]

Nov 23, 2021

The Art of Employee Feedback

Nov 17, 2021

Free Mental Health Therapy for Depression

Oct 27, 2021

You need a long term sick policy. Here’s why.

Oct 15, 2021