Life InsuranceThere are three components available under bClear benefits for group life insurance in British Columbia, Canada. Basic Life Insurance and Dependent Life Insurance are essential to offer employees a complete benefit package. Additional Insurance can also be purchased through the Optional Life Insurance component. We offer flexible and innovative solutions to best meet your needs.
We are able to offer cost effective and very competitive Life Insurance rates through our advantage of having a large member base. Rates for this feature are based on specific employee demographics such as age, gender, job classification and income. To be able to provide a quote, we would need to be provided with this information, as well as, a copy of any previous contract or billing.
Basic Life Insurance
The death of a family member that contributes to family expenses will have a large economic effect on remaining family members. Life insurance helps employees and their families to make financial plans in the event of a loss of life. Here are some of the common features of our plan:
Dependent Life Insurance
While Basic Life Insurance covers the loss of employees, Dependent Life Insurance covers the loss of a spouse or child. This insurance helps to ease the financial burden during a difficult and stressful time.
There are two levels of coverage available:
1. $10,000 for spouse and $5,000 for each child
Optional Life Insurance
This is an optional insurance coverage that allows employees to purchase additional life insurance through payroll deductions to best meet their individual needs. Through our group buying power, we are able to offer rates that are considerably less than if an employee were to purchase insurance on their own.
Here are some of the common features: