Eligibility
	Benefit Amounts
	Premium Rates
	Product Features
	Additional Benefits
	General Information

 

Eligibility

Members who are under age 65 and reside in Canada are eligible to apply for Accidental Death & Dismemberment (AD&D) Insurance. Coverage is available on a Member Only or Member and Family Plan basis. The Member and Family Plan covers you, your spouse, and all your dependent children.

Member, as defined under the plan, includes either a Certified General Accountant in good standing with their Provincial/Territorial Association or CGA-Canada (excluding associate, honourary and retired CGAs); a registered student of the CGA program; or a full-time employee or a partner of a provincial or national CGA office or firm.

Spouse means the legal spouse of a Member, providing there is no separation in effect, or an individual who has been residing in a marriage-like relationship with the Member for a period of at least 12 consecutive months.

Eligible dependent children include any children who are unmarried, dependent on the Member for support, over 14 days and under 21 years of age; or under age 25, unmarried and in full-time attendance at school, college or university. Mentally or physically disabled children may remain covered past age 21 if they are incapable of self-sustaining employment and receive full support and maintenance from the Member.

Benefit Amounts

You can apply for coverage in units of $25,000 up to a maximum of 40 units or $1,000,000. Your amount of insurance is called the Principal Sum.

Coverage is available on a Member Only or Member and Family Plan basis. If you choose Member and Family Plan, your Spouse and dependent children are insured for a percentage of your benefit as follows:

Eligible Family Members	% of Member's Principal Sum Applicable
Spouse only	60%
Spouse and Dependent Children	Spouse - 50%; Each Dependent Child - 15%
Dependent Children only (no Spouse)	Each Dependent Child – 15%

Premium Rates

AD&D Insurance Annual Premium Rate per $25,000 Unit
Member Only Plan	Member and Family Plan
$12.00	$16.50

Plus provincial taxes where applicable.

Product Features

Payment of Benefit
If Injury results in Loss of or permanent and total Loss of Use of a Specified Loss within 365 days of the date of an accident, IAP will pay the benefit amount indicated in the Schedule of Losses. Only the largest amount shown on the Schedule of Losses is payable for all losses resulting from any one accident.

Schedule of Losses
If Injury results in any of the following Losses within 365 days of the date of the accident causing such Injury, IAP will pay an amount as specified below for the Loss or permanent and total Loss of Use of:

* In the event of Quadriplegia, Paraplegia or Hemiplegia of an insured dependent child, the benefit payable is doubled, to a maximum of $100,000 for each dependent child.

Additional Benefits

Waiver of Premium
If you are under age 65 and become totally disabled due to an accident or sickness, all premiums due for AD&D Insurance for you and your family will be waived after 3 months of continuous disability. Your AD&D coverage continues at no charge to you throughout the duration of your disability, up to age 75.

Education Benefit
If you die due to an accident and your insured dependant children pursue full-time post-secondary education, IAP will reimburse post-secondary education expenses up to 2% of your Principal Sum for each year for up to 4 consecutive years for each child. Your children must begin a full-time post-secondary program within a year of your death. This benefit is only available under the Member and Family Plan.

Repatriation Benefit
If you, your Spouse or your insured dependents die due to an accident outside of your city of residence, IAP will pay the actual expense incurred for preparing the deceased for burial or cremation and for the shipment of the body back to the city of residence, up to a maximum of $25,000.

Occupational Training Benefit
If injury results in your death, IAP will reimburse your insured Spouse for the actual educational expense incurred for retraining to allow your Spouse to pursue gainful occupation if he/she was not employed full-time outside the home at the time of your death.

This benefit, which must be exercised within three years of your death, is for a maximum of $10,000.

Exposure and Disappearance
If, due to accident, an insured person is unavoidably exposed to the elements and if, within 365 days after the date of the accident, the insured person suffers a loss due to the exposure, that loss shall be deemed to be the result of injury.

Where, due to the accidental wrecking, sinking or disappearance of a conveyance in which an insured person is riding, the insured person disappears, and if the body is not found within 365 days, it will be presumed, subject to there being no evidence to the contrary, and subject to all other terms and conditions of the group policy, that the insured person suffered loss of life as a result of injury.

Special Continuance Provision
If you terminate your active membership with your Association or CGA-Canada, but retain retired membership status, your current amount of Accidental Death & Dismemberment Insurance in force may be continued with no future increases so long as premiums continue to be paid.

Retired membership status applies to those who have satisfied the retired member requirements of their province or territory.

General Information

Fully Portable Coverage
This insurance may be continued no matter where you may move, provided you maintain eligibility and the premiums are paid as they fall due. Applications for additional coverage can be accepted only from members residing in Canada

Money Back Guarantee
Once your application is received and approved, you will be sent a Certificate of Insurance. You will have 60 days to review it to ensure that it meets your needs. Should you choose not to accept the insurance you can cancel your coverage and return the Certificate within 60 days of the effective date. You will receive a full refund of any premiums already paid.

Beneficiary
You may name any beneficiary you choose for the Member’s Accidental Death benefit. The Member is automatically the beneficiary for the Spouse and dependent children’s benefits. All other dismemberment benefits are payable to the Member.

Termination of Coverage
As long as you pay your premiums when they are due, insurance will continue until the earliest of:

• the due date of any unpaid premiums;
• the date the Group Master Policy between CGA-Canada and IAP terminates;
• the end of the month coincident with or following the date your written request to cancel your insurance is received by IAP;
• the November 1^st coincident with or immediately following your 75^th birthday;
• the November 1^st coincident with or immediately following the date you no longer qualify as an eligible CGA, student, employee, or partner;
• with regard to Spousal Insurance, the Premium Due Date coincident with or immediately following the date your Spouse no longer falls under the definition of Spouse as outlined under “Eligibility”;
• with regard to dependent children insurance, the Premium Due Date coincident with or immediately following the date your child no longer falls under the definition of Dependent Child as outlined under "Eligibility".

Limitations & Exclusions
No benefit will be paid for loss resulting directly or indirectly from, or in any manner or degree associated with, any of the following conditions:

• suicide or any attempt thereat while sane or insane;
• intentionally self-inflicted injury while sane or insane;
• declared or undeclared war or any act thereof;
• full time active service in the armed forces of any country;
• injury sustained while a pilot or member of a crew of any aircraft.