Optional Life Insurance

Optional Life Insurance is available for employees to purchase additional life insurance coverage at competitive rates, with the convenience of payroll deductions. This is a personal policy, for eligible employees only, and is in addition to the group life benefit coverage under the existing BCIT group benefit plan.

Those who qualify for Group Life Insurance under the BCIT policy may apply for the Optional Life Insurance complete the Application and Evidence of Insurability forms and submit them to Manulife. When you have been approved, Manulife will notify you and will let us know to begin payroll deductions.

Monthly Rates As of April 1, 2012

  Male-Rate/$10,000 Female-Rate/$10,000
Age Smoker Non-Smoker Smoker Non-Smoker
20-29 $0.61 $0.39 $0.43 $0.28
30-34 $0.69 $0.43 $0.50 $0.32
35-39 $0.86 $0.50 $0.65 $0.36
40-44 $1.44 $0.79 $0.97 $0.54
45-49 $2.51 $1.37 $1.62 $0.86
50-54 $4.13 $2.29 $2.51 $1.44
55-59 $6.82 $3.88 $3.84 $2.29
60-64 $9.87 $5.95 $5.31 $3.45
65-69 $15.11 $11.29 $8.84 $6.32
Please Note: Your rates increase with age.