Term Life Insurance
Security is knowing your family’s livelihood is protected.
Term Insurance for Regular Force Members
Optional Group Term Insurance
Take comfort knowing your family can maintain their lifestyle, pay off debts or fund future education, even after you’re gone.
Designed for serving members and their spouses, it’s unlike anything else on the market.
- • No exclusions for war, dangerous occupations, hobbies, volunteer activities or sports
- • Free life coverage of $10,000 for dependent children
- • Accidental dismemberment benefits
- • Coverage up to $1,200,000, depending on your insurance needs
Featured Content
- Application Form
- Designation/Change of Beneficiary
- Claims Procedures
- Frequently Asked Questions
- Insurance Policies
Contact a SISIP Advisor to complete an Insurance Needs Analysis.
Reserve Force Term Insurance
Ensure long-lasting financial protection for your spouse and children, even after you’re gone.
Customized for Reserve Force members and their spouses, benefits are tax-free to help your family cover daily expenses, pay off debts and carry-on living.
- • No exclusions for war, dangerous occupations, hobbies, volunteer activities or sports
- • Accidental dismemberment benefits
- • Free life coverage of $10,000 for dependent children
- • Coverage up to $1,200,000, depending on your insurance needs
Featured Content
- Designation/Change of Beneficiary
- Application Form
- Claims Procedures
- Frequently Asked Questions
- Insurance Policies
Contact a SISIP Advisor to complete an Insurance Needs Analysis.
Term Insurance for Released Members
Former CAF members and their spouses can access this customized coverage to protect their family’s financial future.
Within 60 days of release, transfer your Optional Group Term Insurance or Reserve Term Insurance policy to Insurance for Released Members with no medical requirements.
Alternately, a released member can initiate or increase their Insurance for Release Members coverage by completing an application for insurance.
- • No exclusions for war, dangerous occupations, hobbies, volunteer activities or sports
- • Free life coverage of $10,000 for dependent children
- • Accidental dismemberment benefits
- • Coverage up to $1,200,000, depending on your insurance needs
Featured Content
- Application Form
- Designation/Change of Beneficiary
- Claims Procedures
- Frequently Asked Questions
- Insurance Policies
Contact a SISIP Advisor to complete an Insurance Needs Analysis.
Term 100 Insurance
Enjoy true lifetime protection. Affordable, flexible life insurance coverage with payment options that allow you to choose the best way to help ensure your family’s financial future.
Pick your coverage:
Available in $25,000, $50,000, $75,000 and $100,000 benefit amounts.
Coverage for life – lasting long into retirement:
Your coverage won’t expire unless you cancel it or don’t pay your premiums – otherwise you are protected for life!
Choose how you pay:
Benefit from locked in premium rates, with no increases over the lifetime of your policy, and no payments after the age of 100.
Or
Select the “20 Pay Option” for lifetime coverage without lifetime payments. Choose this option if you are under 60 and you’ll pay premiums for just the first 20 years.
Featured Content
Simplified Issue Term Life Insurance
Immediate coverage now available. This simplified coverage is exclusive to active Regular and Reserve Force members, and their spouses, under the age of 65.
- • No exclusions for war, dangerous occupations, hobbies, volunteer activities or sports
- • Coverage from $10,000 to $100,000; available in increments of $10,000
- • No medical exam required
- • 24-month exclusion period for any condition not disclosed
Featured Content
Contact a SISIP Advisor to complete an Insurance Needs Analysis.
General Officers Insurance Plan
Created for Regular and Primary Reserve Force Class C senior officers, includes basic life, dependent life, and accidental dismemberment in one policy, funded by the Government of Canada.
- • Coverage for Regular Force and Reserve Force Class C senior officers at the substantive rank of Colonel and above, and the legal classification of Lieutenant-Colonel are automatically enrolled on the date of promotion.
- • Reserve Force Class C officers in the substantive rank of Colonel and above in all classifications, and Lieutenant-Colonel in the legal classification are eligible* for coverage under the Res GOIP on the date of promotion to the lower eligible rank, or on the date of employment in the Reserve Force Class C service at the lower eligible rank.
* Please note that for Reserve Force Class C officers, coverage is NOT automatic. Reserve Force senior officers become insured once the enrolment process is completed and the eligibility is confirmed by SISIP Financial.
Military Post Retirement Life Insurance Plan
Created for Regular and Primary Reserve Force (Class C only)* senior officers, includes basic life, funded by the Government of Canada.
• Coverage for Regular Force and Primary Reserve Force* senior officers at the substantive rank of Colonel and above, and the legal classification of Lieutenant-Colonel are automatically enrolled on the date of promotion.
