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Get Basic Life Insurance Plan - Canada Post
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How to fill out the Basic Life Insurance Plan - Canada Post online
Filling out the Basic Life Insurance Plan - Canada Post online can seem daunting, but this guide aims to simplify the process for you. Whether you are enrolling, making amendments, or changing beneficiaries, this comprehensive step-by-step guide will walk you through each section of the form.
Follow the steps to complete your insurance application with ease.
- Press the ‘Get Form’ button to access the Basic Life Insurance Plan - Canada Post form, making it available for you to complete.
- Begin with section A, which asks for your employee information. Fill out your surname, first name, initials, employee ID number, date of birth, address, city, province, postal code, telephone number, and country.
- In section B, retirees must choose a coverage option. You can either decline coverage or select the flat $10,000 option, noting that this coverage will terminate at age 65.
- Move to section C for beneficiary designation. You can list up to three beneficiaries. Fill out their names, relationship to you, percentage of benefit, and address. Specify whether each beneficiary is revocable or irrevocable.
- If you are designating a beneficiary who is a minor or lacks legal capacity, go to section D to appoint a trustee. Fill in the trustee’s information and ensure you explain their relationship to you.
- In section E, if you choose to cancel your insurance as a retiree, acknowledge your understanding that you cannot rejoin the plan later and provide your official signature and date.
- Proceed to section F to provide your authorization and signature. Confirm that you allow for the deduction of contributions and agree that the information you have provided is correct. Also, include a witness signature.
- Finally, review all provided information for accuracy. Once completed, you can save changes, download or print the form, and share it as necessary.
Complete your Basic Life Insurance Plan application online today for peace of mind!
A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured person or annuitant dies. With life insurance policies, death benefits are not usually subject to income tax and named beneficiaries typically receive the death benefit as a lump-sum payment.
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