Effective April 1, 2018, Plan Members and Dependents who use insulin to manage their diabetes are eligible for FreeStyle Libre Flash glucose monitor and sensors. For more information Click here

Life Insurance

Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. Your need for life insurance will vary with your age and responsibilities. The amount of insurance you buy should depend on the standard of living you wish to assure your dependents. You should consider the amount of assets and sources of income available to your dependents when you pass away. Social security benefits, available cash and other sources of income and investments may not provide the standard of living you have in mind. Life insurance helps bridge the gap between the financial needs of your dependents and the amount available from other sources, is the amount to be provided by life insurance. Your agent or other financial advisor can help you with these calculations. The Internet, as well as many financial magazines, books and articles are available to help you as well.

CPP Death Benefit

The Canada Pension Plan (CPP) Death Benefit provides a one-time payment to, or on behalf of, the estate of a deceased contributor. The Death Benefit is calculated using the amount that the deceased contributor's Canada Pension Plan Retirement Pension is, or would have been if he or she had been 65 when death occurred. The Death Benefit is equal to six months' worth of this calculated Retirement Pension, up to a maximum of $2,500.

Insulators Local 95 Benefit Trust Fund c/o Benefit Plan Administrators 
90 Burnhamthorpe Road West, Suite 300 Mississauga, Ontario L5B 3C3