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10-5 - The Official Podcast of the OPP Association-Ep. 7-Insurances & Insured Benefits at Retirement

  • Date:July 09, 2021

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Episode Summary

Episode 7 is second episode of our Retirement Planning Series, OPPA Executive Officer of Pension & Benefits, Lisa Hillstrom, discusses insured benefits and insurances at retirement.

Episode Notes

OPPA Executive Officer of Pension & Benefits, Lisa Hillstrom, joins the 10-5 Podcast for the 2nd episode in our Retirement Planning Series with an in-depth discussion of insured benefits and insurances at retirement. This includes the eligibility criteria for insured benefits upon retirement, how to continue insurances at retirement and the types of insurances available to members at retirement.

Resources

Confirmation that a member has met the eligibility criteria for insured benefits at retirement can be obtained from the Ontario Pension Board - OPB.ca or 1-800-668-6203

Although the carrier for insured benefits remains the same (Canada Life) the policy number will change from 44501 for active members to 6772 for retired members. Your ID number will also change from your WIN number to your client ID number with the Ontario Pension Board.

To review your insurances, premium rates, or named beneficiaries please contact Target Benefit Administrators at 1-888-660-6055 or OPPA.WLVINC.com.

If you are considering cancelling any of your policies, it is important to reach out to Target Benefit Administrators to discuss that further - 1-888-660-6055 or OPPA.WLVINC.com.

Active members can purchase additional insurances within 31 days of a life event without providing proof of insurability. Please contact Target Benefit Administrators at 1-888-660-6055 or OPPA.WLVINC.com.

For more information on insurances and insured benefits offered through the OPPA plan, please refer to the plan overview at OPPA.ca/Benefits/Insurance (members only - log in required) or contact Target Benefit Administrators at 1-888-660-6055 or OPPA.WLVINC.com.

This episode of the 10-5 podcast is produced and hosted by Scott Mills and Joshua Jutras.

Music – “Line of Fire” by Jason Shaw available at Audionautix.com and used under Creative Commons Attribution 4.0 International License.

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