Effective Date of Insurance (the date coverage takes effect) is the date the insurance company approves the application.
Changes in Coverage Amounts (increases in coverage) take effect once the insurance company approves the application. Decreases in coverage due to age take effect on the policy anniversary date (January 1) following the change in age.
You may cancel your coverage at any time by providing written notice to Doctors Manitoba. Coverage ceases as of the end of the month in which the request is received, or at a future date as specified in that request. Coverage cannot be cancelled or decreased retroactively.
No benefit is paid for death as a result of suicide within 24 months of the effective date of your coverage.
If you are no longer eligible for term life insurance under this policy and you are under age 65:
- your coverage will continue for 31 days, and
- during these 31 days, you may convert up to $200,000 of your coverage to an individual insurance policy without evidence of good health.
You may also convert your Spousal insurance. Dependents’ insurance may be converted for your spouse only, provided your spouse is not yet age 65.
Waiver of Premium
If you become totally and continuously disabled for a period of six months before age 65, you may apply for premiums to be waived. If approved, your coverage will continue at no cost to you until you recover, reach age 75 or die, whichever occurs first.
Third Party Ownership
If it is beneficial for estate planning purposes, you may assign ownership of your term life insurance to a third party.
The insurer can’t cancel your coverage as long as the master policy is in force and your premiums are paid when due.
Termination of Insurance
All insurance terminates on the earliest of these dates:
- January 1 after or on your 75th birthday, for member plans
- January 1 after or on the date you are no longer affiliated with Doctors Manitoba
- January 1 after or on the date you enter the armed forces on full-time active duty
- any required premium is due and unpaid
- the policy is discontinued.
Spousal and Dependents’ Insurance terminates on the earliest of these dates:
- January 1 after or on your spouse’s 70th birthday, for the spousal plan
- January 1 after or on your 70th birthday, for the dependent plan
- January 1 after or on the date your dependent ceases to meet the definition of eligible dependent
- your dependent enters the armed forces on full-time active duty
- your insurance under this policy terminates.
In the event of your death, Dependents’ Insurance is continued until the end of the policy year in which you died, at which point your spouse has the option to convert the policy to an individual policy.
Age means the age as of January 1st of each year (the policy anniversary date).
Dependent means your spouse and dependent children.
- your legal partner through a religious or civil marriage ceremony, or
- the person who lives with you and is publicly represented as your spouse.
Dependent children are your:
- unmarried children under age 18 (or under age 25 if enrolled as a full-time student in an accredited college or university) who are principally dependent on you for support and maintenance
- children of any age who are dependent on you for support and maintenance because of a physical or mental infirmity.
Smoker means a person who has smoked or used cigarettes, hashish, cigars, pipe, cigarillos, chewing tobacco, nicotine patch and/or gum, betel nuts, or tobacco, or nicotine in any other form within the last 12 months. Marijuana use is excluded.