This program is designed to provide a measure of financial compensation to a designated beneficiary in the event that the participant dies from any cause while employed by an employer participating in the program. This insurance, which is in force 24 hours a day for as long as the member is employed, has no cash value and cannot be used as security for a loan.
Different plans provide different levels of coverage.
This program covers a range of vision care and hearing aid care expenses. Most school boards pay a portion, or in some cases all, of the Alberta Health Care Premium for teachers. This plan is designed to compensate a participant who is dismembered as the result of an accident or to compensate the beneficiary in the event that the participant dies accidentally. The plan covers accidents that result in death or dismemberment anywhere in the world, on or off the job. The plan was recently enhanced to provide coverage up to age 100.