Group Plans

Commonwealth Financial's Group Critical Illness Insurance supplements the coverage available to you through your group health, life and disability plans by providing covered individuals with access to premier health information services and a lump-sum benefit should you become critically ill. You can use the benefit for anything you wish, such as: Financial needs – income replacement, paying down debts or to help preserve personal savings, retirement funds or other investments Health care costs – alternative treatment options, medical equipment or expenses not covered under provincial or group benefits plans Lifestyle choices – home repairs or renovations, vehicle upgrades, personal or…
As a Commonwealth Financial group plan member, you may be eligible to convert your group life insurance to an individual policy without having to provide evidence of good health or undergo a medical exam, provided you do so within 31 days of the date your group life insurance terminates or reduces. You can convert your Basic Life Insurance amount and Optional Life Insurance amount (if applicable) up to a combined maximum of $200,000 ($400,000 for residents of Quebec) - or as indicated in your group contract. Depending on your plan specifications, you may also be able to convert your spouse's…
Need individual healthcare coverage? When leaving a group plan, whether through retirement, job loss or career change, it's wise to consider purchasing your own healthcare insurance for supplemental coverage. FollowMeTM can help fill the gaps left by provincial health insurance plan changes and loss of a group plan. Qualifying for coverage is easy: FollowMeTM can ensure that you and your family can maintain many of the benefits you enjoyed under your group plan. As long as you apply within 60 days of the termination of your group health and dental benefits, your acceptance is guaranteed* without submitting a medical questionnaire…
When travelling across Canada or to another country, plan members could face an unexpected medical emergency. Emergency travel assistance is designed to make business or pleasure travel worry-free! An out-of-Canada medical emergency includes an accidental injury or an illness that was not previously diagnosed or treated in Canada. Treatment required for a medical condition that was previously diagnosed in Canada is excluded. However, coverage may be available for an unforeseen complication requiring immediate medical attention arising from an existing, pre-diagnosed condition that was completely stable at the time of departure from Canada. Additionally, some plans offer a special health advice…
What is WellConnected®? WellConnected® is Commonwealth Financial's suite of disability and absence management products and services, that is provided to you by your employer sponsored Group Benefits plan. When it comes to disability and absence management, our focus is on promoting health - physical, social and emotional well-being that we believe helps to generate energy for every-day life and assist you with a successful return to work. When you become disabled because of an illness or injury, and you need to overcome the medical impairments that may prevent you from productive work and an enjoyable lifestyle – our products, services…