Learn more about who is considered a spouse. In the event of your spouse’s death, their beneficiary will receive a non-taxable sum of money. If they are approved, you pay for this plan through monthly premiums that are deducted from your paycheque. You must apply for this optional plan for your spouse, and your application must include a Health Statement from your spouse that is subject to review and approval by Sun Life. You can purchase Optional Life Insurance for your spouse to a maximum of $750,000. UBC’s Optional Life Insurance Plan provides supplementary life insurance coverage for your spouse. Learn more about Optional Life Insurance. In the event of your death, your beneficiary will receive a non-taxable sum of money. If you are approved, you pay for this plan through monthly premiums that are deducted from your paycheque. You must apply for this optional plan, and your application must include a Health Statement that is subject to review and approval by Sun Life. You can purchase Optional Life Insurance to a maximum of $750,000. UBC’s Optional Life Insurance Plan provides supplementary life insurance coverage in addition to your Basic Group Life Insurance.
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