Major Accident Protection
Relief from the financial pain of injuries

Accidents happen. If they do, financial relief can help take your mind off the immediate costs of an injury — so you can cope better during a very trying time.

Major Accident Protection helps offset the cost of rehabilitation and other expenses in case of an accident resulting in death or affecting your physical abilities.

Alumni Members can receive a lump-sum amount of up to $300,000, with premiums starting at just $1.50 a month (up to age 69).

Two coverages in one. Major Accident Protection combines Major Impairment coverage with Accidental Death coverage. Coverage starts at $50,000 for Major Impairment plus $10,000 for Accidental Death.

What’s covered? The Accidental Death benefit is payable in the event of an accident resulting in death. The Major Impairment benefit will be based on the amount of coverage purchased and the extent of the loss, as summarized below:

Major Impairment covered losses	Amount payable* per $50,000 coverage
Brain damage	$50,000
Total & permanent paralysis	$50,000
Loss of use of two limbs	$50,000
Total & permanent loss of sight, speech or hearing	$50,000
Loss of use of one limb, one hand or one foot	$25,000
Total & permanent loss of sight in one eye or hearing in one ear	$25,000
Accidental Death benefit
Loss of life	$10,000

* If an accident results in more than one covered loss, the total benefit amount payable is subject to a maximum of $50,000 per $50,000 of Major Impairment coverage purchased.

IMPORTANT DETAILS
Don’t forget to read the fine print:

Eligibility

To be eligible for Major Accident Protection, the Member must be applying for, or already covered by, Alumni Term Life Insurance. All applicants must be resident in Canada and at least 18 but under 61 years of age.

Beneficiary

Benefits will be paid to the insured Member, if living, or otherwise to the beneficiary appointed by the Member. If no beneficiary is elected, benefits will be paid to the estate of the insured Member. The Member is automatically the beneficiary of the spouse's coverage, unless otherwise indicated in writing by the Member. In Quebec, beneficiary designation in favour of a spouse is irrevocable unless otherwise stated.

Limitations and exclusions

Any loss must be caused by purely accidental means and must occur within three months of the accident. Benefits are not payable for self-inflicted injury, voluntary involvement in a criminal offence, insurrection, war or flying (except as a passenger with no flight duties). For Major Impairment benefits to be payable, the insured must survive the loss for at least 30 days.

WHAT'S NEXT?
Get a quote & apply online
Download an application