Accidental Death, Dismemberment and Specific Loss Benefit

PlanDirect’s Accidental Death, Dismemberment and Specific Loss benefit provides you with added financial security if you or your dependants are faced with sudden and tragic circumstances. You can select the level of coverage to suit your needs.

Accidental Death, Dismemberment and Specific Loss coverage is available in units of $25,000, up to a maximum of $250,000 for the owner of the policy. The insurable spouse is covered for 50 per cent of the amount covered for the owner and each child is covered for 10 per cent of the owner's amount.

The Accidental Death, Dismemberment and Specific Loss benefit is available if you are between age 50 and 70.

Detailed coverage information

Throughout this section, “you” and “your” refer to the proposed owner of the PlanDirect policy.

The following losses are eligible for the indicated percentage of the maximum insured amount:

• Life – the full insured amount
• Both hands or both feet or the sight of both eyes – the full insured amount
• One hand and one foot – the full insured amount
• One hand and sight of one eye or one foot and the sight of one eye – the full insured amount
• Speech and hearing in both ears – the full insured amount
• One arm or one leg – three-quarters of the full insured amount
• One hand or one foot or the sight of one eye – half of the full insured amount
• Speech or hearing in both ears – half of the full insured amount
• Thumb and index finger – one-quarter of the full insured amount
• Four fingers on one hand – one-quarter of the full insured amount
• All toes of one foot – one-eighth of the full insured amount
• Both arms or both legs or both hands – the full insured amount
• One arm and one leg or one hand and one leg – the full insured amount
• One arm or one leg – three-quarters of the full insured amount
• One hand – half of the full insured amount

Loss after termination of insurance

Accidental death, dismemberment and specific loss benefits are payable for covered losses suffered after termination of this option, as long as the injury was sustained while this option was in force.

Repatriation benefits

If you die at least 150 kilometres from your home, this option will pay for the preparation of the body and its transportation to the place of burial or cremation up to a maximum of $2,500. Repatriation benefits do not include funeral expenses.

Surgical reattachment

If a dismembered body part is surgically reattached, regardless of the use regained, the benefits payable are limited to 50 per cent of the amount payable for the specific loss. The balance of the benefit for loss by dismemberment is payable if the reattachment fails and the reattached part is removed within 365 days after the reattachment was performed.

Insured amount and cost

You can purchase up to 10 units of $25,000 each (maximum $250,000 of coverage). If your spouse is covered under your PlanDirect plan, then your spouse will be insured for 50 per cent of your amount. If you have covered children, each child will be insured for 10 per cent of your insured amount.

For example, if you select four units for yourself, and you have family coverage, then coverage would be up to a maximum benefit amount of:

If you select an insured amount of $100,000 as shown in the example, and you have an accident that results in the loss of four fingers on one of your hands, the benefit amount payable would be one-quarter of $100,000, or $25,000.

The monthly cost per $25,000 unit is $2.75 for a single person; $4.00 for a couple; and $4.50 for a family. For example, if you purchase four units with family coverage, your cost would be four times $4.50, or $18.00 per month.

Exclusions

This type of insurance coverage contains certain limitations and exclusions. For instance, no benefits are payable for losses resulting from a sickness, medical treatment, inhalation of gas, participation in hazardous sports, or flying other than as a passenger on a commercial airline.

Termination age

This coverage is only available before age 71.