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All
eligible employees must participate in Group Life Insurance and Accidental
Death & Dismemberment (AD&D) plans through the Alberta School
Employee Benefit Plan (ASEBP). Participation
is a condition of employment, therefore an employee cannot refuse
coverage.
Designating
a Beneficiary
Beneficiary
information is requested on the group enrollment form completed by the
employee during the initial benefit enrollment.
The designated beneficiary is entitled to the proceeds payable
under the Life Insurance and AD&D plans.
The employee may list more than one beneficiary and a trustee must
be appointed for any beneficiaries under 18 years of age.
If more than one beneficiary is listed the employee has to decide
the percentage payable to each beneficiary.
If the beneficiary(s)
predecease the employee, the employee may decide if the unclaimed portion
should be divided among the beneficiaries left or revert to their estate.
Employees
may change beneficiary information at any time. All changes must be made in person in Benefits/Human Resource
Services by appointment only. Any
change made to the designation of beneficiary(s) will supercede any
previous designation.
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