iAtoday

Group insurance plan members’ salaries usually determine life insurance and short- and long-term disability benefits. Keeping salaries up-to-date is therefore essential.

An oversight could have undesirable consequences for plan members and administrators:

• Unreported salary increases could result in life insurance and disability benefits lower than they should be.
• The organization could be held liable for these lower benefits.

To avoid this situation, plan administrators must send us the salaries according to the definition of salary provided in the contract and notify us without delay of any salary changes.

This is a simple but very important operation, which our online tools allow plan administrators to easily carry out in My Client Space.

To facilitate the administration of their plans, we support plan administrators with guidance, user-friendly tools and useful resources.

We will send a communiqué to group insurance plan administrators on June 25.

See the French version of the communiqué.