Goose members have exclusive access to Term Group Life Insurance (Life), Critical Illness (CI) or Cancer Insurance, and Accidental Death and Dismemberment Insurance (AD&D).
Life insurance and/or Critical Illness
During the first 30 days of becoming a Goose member and during special 'Guaranteed Acceptance' periods, Goose members and their spouses between the ages of 18 to 54 are automatically eligible for $50,000 of coverage for Life insurance and/or Critical Illness insurance. Those aged 55 to 69 are eligible for $25,000.
If desired, higher limits (up to $100,000 maximum per coverage type) may be offered after answering a few health questions and confirming eligibility. Coverage is not currently available for those aged 70 or older.
AD&D Insurance *
All members and their spouses between the ages of 18 to 69 can choose a coverage limit from $50,000 - $250,000 for AD&D. Guaranteed Acceptance periods have no impact on this coverage.
What's covered in these plans and how do they work?
- The Life insurance will provide a one time cash payment in the event an insured person passes away, subject to the terms & conditions of the policy. You decide who will receive the insurance payment. The benefit amount is a fixed dollar amount, from $25,000 to $100,000, with rates starting at $5/month.
- Our Cancer & Critical Illness coverage is considered a ‘living benefit’ (vs Life insurance which pays a Death Benefit when the insured passes away). Coverage starts at $10/month and will provide a one-time tax-free payment to you in the event you’re diagnosed with any one of the 25 medical conditions listed in Goose’s Benefit Summary. This money can be used in any way you wish, like paying off debts, home adaptation, child care, investment, vacation, supplementing your pension, or lifestyle changes.
- The Accidental Death & Dismemberment policy (AD&D) pays up to $250,000 if you pass away as a result of an accident anywhere in the world, OR if you suffer a loss of or permanent total loss of use of a part of your body, such as an eye, or hand, or your hearing. The amount payable will depend on the type and severity of the injury. Eligible up to age 69.
For a full list of exclusions and limitations please review the Benefits Summary.
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