Alumni Group Insurance

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Questions & Answers

Who is eligible for insurance under this plan?

As eligibility can vary by product, please check the individual Product pages for detailed information on Member, Spouse and Dependent Children eligibility.

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What happens once I apply?

Once IAP receives your application, our underwriters will review it. You and/or your Spouse (if applying) may be requested to provide additional medical information at this time. Typically, applications take approximately three to five weeks to process, but if additional medical information is required, the process may be longer.

If the application is approved, an approval letter and a Certificate of Insurance will be sent to you for your review and acceptance. If the application is not approved, you will receive a notification letter and a full refund of any premiums paid.

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When does coverage begin?

For Term Life, Accidental Death & Dismemberment, Critical Illness, Long Term Disability and Office Overhead Insurance, coverage begins once the application is approved and first month's premium is received by IAP.

For Health & Dental Insurance, coverage will take effect on the 1st of the month following the date the application is approved and first month's premium is received by IAP.

For Travel Medical Insurance commencement dates, please call 1-888-669-5199

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When does my coverage terminate?

With respect to Term Life and Accidental Death & Dismemberment Insurance, your coverage will terminate on the earliest of the following dates:

  • the end of the month in which your written request to cancel your insurance is received by IAP;
  • the end of the month in which you are no longer eligible;
  • the due date of any unpaid premiums;
  • the date the Group Master Policy between your Alma Mater and IAP terminates;
  • the end of the policy year following the date you reach age 70.

With respect to Critical Illness Insurance, your coverage will terminate on the earliest of the following dates:

  • the end of the month in which your written request to cancel your insurance is received by IAP;
  • the end of the month in which you are no longer eligible;
  • the due date of any unpaid premiums;
  • the date the Group Master Policy between your Alma Mater and IAP terminates;
  • the end of the policy year following the date you reach age 75;
  • the date the Critical Illness Benefit is paid.

With respect to Long Term Disability Insurance, your coverage will terminate on the earliest of the following dates:

  • the end of the month in which your written request to cancel your insurance is received by IAP;
  • the due date of any unpaid premiums;
  • the date the Group Master Policy between your Alma Mater and IAP terminates;
  • the end of six months after you take up residence or continuous travel outside Canada, unless extension has been approved by IAP;
  • the date you are no longer employed;
  • the end of the month in which you reach age 65.

With respect to Office Overhead Insurance, your coverage will terminate on the earliest of the following dates:

  • the end of the month in which your written request to cancel your insurance is received by IAP;
  • the due date of any unpaid premiums;
  • the date the Group Master Policy between your Alma Mater and IAP terminates;
  • the date you are no longer responsible for generating income and covering expenses for your business or you cease active employment in the business;
  • the end of the month in which you reach age 65.

With respect to Health & Dental Insurance, your coverage will terminate on the earliest of the following dates:

  • the end of the month in which your written request to cancel your insurance is received by IAP;
  • the end of the month in which you are no longer eligible;
  • the due date of any unpaid premiums;
  • the date the Group Master Policy between your Alma Mater and IAP terminates;
  • the end of the month in which you reach age 65.

For information about termination of your Travel Medical Insurance, please call 1-888-669-5199.

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When does my Spouse's coverage terminate?

With respect to Term Life Insurance, your Spouse's coverage will terminate on the earliest of the following dates:

  • the date your coverage terminates;
  • the end of the policy year in which they reach age 70;
  • the end of the month in which they are no longer eligible as a "Spouse".

With respect to Critical Illness Insurance, your Spouse’s coverage will terminate on the earliest of the following dates:

  • the end of the month in which you are no longer eligible;
  • the end of the policy year in which they reach age 75;
  • the end of the month in which they are no longer eligible as a "Spouse";
  • the date the Critical Illness Benefit is paid.

With respect to Health & Dental Insurance, your Spouse's coverage will terminate on the earliest of the following dates:

  • the date your coverage terminates;
  • the end of the month in which they reach age 65;
  • the end of the month in which they are no longer eligible as a "Spouse".
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When does my Dependent Child's coverage terminate?

With respect to Dependent Children Term Life Insurance, your Dependent Child's coverage will terminate on the earliest of the following dates:

  • the date your Term Life Insurance terminates;
  • the end of the month in which they are no longer eligible as a "Dependent Child".

With respect to Health & Dental Insurance, your Dependent Child's coverage will terminate on the earliest of the following dates:

  • the date your coverage terminates;
  • the end of the month in which they are no longer eligible as a "Dependent Child".
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How much will coverage cost?

IAP offers a quick and convenient eQuote for the following products: Term Life Insurance, Dependent Children Term Life Insurance, Accidental Death & Dismemberment Insurance and Critical Illness Insurance. Select the "Alumni eQuote" button on the side menu to start your custom quote.

You can also find rates for all of the products under your Alumni Association's Group Insurance Program on each of the Products pages, or call or email IAP for help determining your rates.

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Do premiums stay the same?

Premiums for Term Life, Critical Illness and Long Term Disability Insurance are calculated based on the insured's attained age and applicable rate at the beginning of each Policy year. As the rates are in 5-year age bands, premiums will increase as an insured reaches a higher age band.

Premiums for Office Overhead Insurance are also calculated based on attained age and applicable rate at the beginning of each Policy year. As the rates are in 10-year age bands, premiums will increase as an insured reaches a higher age band.

Premiums for Health & Dental Insurance are calculated based on the insured's age, province of residence and applicable rate at the beginning of each Policy year. The premium for a couple or family is determined by adding all family members' individual premiums. As the rates are in age bands, premiums will increase as each insured reaches a higher age band. Premiums will also change if there is a change in province of residence.

Premium rates for Dependent Children Term Life Insurance and Accidental Death & Dismemberment Insurance remain level.

For information on Travel Medical Insurance premiums, please call 1-888-669-5199.

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What are the premium payment options?

There are a variety of convenient payment options to choose from. Payments can be made annually by credit card or cheque, or monthly by credit card or pre-authorized payments from your chequing account.

If you have chosen the annual payment option, IAP will send you a premium statement each year before your renewal date for you to return to us with your payment.

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Can I change amounts of insurance?

Yes. To increase coverage, IAP requires the completion of a new application. You may print off the appropriate application in the "Apply Now" section or you can apply online for additional coverage Term Life, Dependent Term Life, Accidental Death & Dismemberment and/or Critical Illness Insurance. You may also request an application and brochure by calling or emailing IAP.

To decrease your coverage we require only your written authorization, which must be signed and dated. This request may be forwarded to IAP by mail or fax.

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How do I make a claim?

Before paying any benefit we will require our claims forms to be duly completed and sent to IAP. Please call IAP at 1-800-266-5667 to obtain the appropriate forms and details on claims procedures.

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