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How to use or fill out SSQ Optional Life Insurance Application - Benefits by Design with our platform
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Click ‘Get Form’ to open it in the editor.
Begin with Section A, 'Employer Information.' Fill in the Policy Holder Name, SSQ Group #, Division Name, and Certificate # using block letters.
Move to Section B, 'Participant Information.' Enter your Last Name, First Name, S.I.N., preferred Language (English or French), Mailing Address including postal code, Telephone number, Gender (M/F), and Date of Birth.
In Section C, 'Request for Optional Life Insurance Coverage,' indicate the coverage amounts for both yourself and your spouse. Specify if you are requesting additional coverage and provide details on current coverage.
Complete Section D regarding Smoking Habits by selecting Non-Smoker or Smoker for both yourself and your spouse.
In Section E, designate your beneficiary(ies) and specify their relationship to you. Choose between revocable or irrevocable status.
Sign and date the form in Section F under 'Participant Authorization' to confirm all information is accurate.
Finally, have your employer complete Section G for authorization before submitting the application.
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How long does it take for securian life insurance to pay out?
It typically takes a few days to a few weeks to receive a check for the death benefit on a life insurance policy once you have submitted the claim, and many insurance companies now offer direct deposit/EFT for claim payments.
Is optional life insurance worth it?
Even if you dont have a family dependent on you, there are many reasons why you should consider taking out an optional life insurance policy. Several unexpected costs arise after death such as funeral expenses and burial costs, medical expenses, and other costs that normally rise into the tens of thousands of dollars.
What is SSQ called now?
In 2020, SSQ Insurance Company announced it was merging with La Capitale, another life insurance company, to form Beneva. That merger has taken effect as of January 2023, and all SSQ policies are now handled by Beneva.
What are the benefits of optional life insurance?
Optional Life insurance can help protect your familys finances if something happens to you. This coverage can help provide financial support and stability to your family if you pass away. Optional Life insurance can help make things easier for the people you care about.
Can you cash out optional life insurance?
You can cash out a life insurance policy. How much money you get for it will depend on the amount of cash value held in it. If you have, say $10,000 of accumulated cash value, you would be entitled to withdraw up to all of that amount (less any surrender fees). At that point, however, your policy would be terminated.
Related Searches
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People also ask
Whats the difference between basic life and optional life insurance?
Basic Term Life Insurance pays $5,000 to your beneficiary in the event of your death and includes $5,000 of accidental death dismemberment (ADD) coverage. Optional Term Life Insurance provides additional coverage, including ADD coverage, up to four times your annual salary (Election 1, 2, 3 or 4).
Who owns SSQ Insurance?
Beneva Inc. SSQ Insurance / Parent organization
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