Peace of mind when you need it most. Member Advantage combines life and critical illness insurance in one policy, with guaranteed approval for GroupSource members.
Offered through
2 in 5
Canadians will be diagnosed with cancer in their lifetime. Source: Canadian Cancer Society
What is Member Advantage?
Member Advantage is optional insurance, exclusive to GroupSource members. It combines life and critical illness coverage in one policy, and pays you or your family a one-time, tax-free amount if any of these happen:
Death
A life-threatening or terminal illness diagnosis
Paralysis
Loss of hearing or sight
Loss of a limb due to an accident or illness
Use the money any way you need
Medical costs, care at home, the mortgage, funeral expenses or paying off debts.
It goes where you go
You can keep your coverage even if you change jobs.
Watch the video
See how Member Advantage can protect you and your family.
When you apply within your 31-day window, you're pre-approved for this coverage, with no medical exam or health questions:
$100,000Life insurance
$50,000Critical illness
$200,000Paralysis & loss of limbs, sight or hearing
Your spouse can get the same pre-approved coverage. You can also add $20,000 of coverage that protects all your children.
Want more or less? You can choose as little as $50,000 or as much as $300,000 in life insurance, and your other coverage goes up or down to match. For more than the pre-approved amount, contact your plan administrator.
What's paid with the pre-approved coverage
If this happensYou receive
Death$100,000
Diagnosis of a covered critical illness, like cancer, heart attack or stroke$50,000
Terminal illness diagnosis (paid early from the life insurance)$50,000
Paralysis$200,000
Loss of a limb, sight, hearing or speech$25,000 to $200,000depending on the loss
Early diagnosis of certain conditions, like some early-stage cancers$5,000
If you choose a different amount of coverage, these payments change to match.
For you and your spouse (20 conditions): aortic surgery, aplastic anemia, bacterial meningitis, benign brain tumour, life-threatening cancer, coma, coronary artery bypass surgery, dementia including Alzheimer's disease, heart attack, heart valve replacement or repair, kidney failure, loss of independent existence, major organ failure on a waiting list, major organ transplant, motor neuron disease, multiple sclerosis, occupational HIV infection, Parkinson's disease, severe burns and stroke.
Early diagnosis (7 conditions): coronary angioplasty, ductal carcinoma in situ of the breast, stage A prostate cancer, stage 1A malignant melanoma, early-stage thyroid cancer, early-stage lymphocytic leukemia and gastrointestinal stromal tumour.
Children's coverage includes 18 critical illnesses: autism, bacterial meningitis, benign brain tumour, life-threatening cancer, cerebral palsy, coma, congenital heart disease requiring surgery, cystic fibrosis, Down syndrome, heart attack, kidney failure, major organ failure on a waiting list, major organ transplant, multiple sclerosis, muscular dystrophy, severe burns, stroke and type 1 diabetes. It also includes a benefit for stillbirth.
How to apply
To be pre-approved, apply within 31 days of either:
Joining GroupSource
31 days from the date you become eligible for your plan.
A life event
31 days from the date of the change.
Life events include
Becoming a parent through birth or adoption
Getting married or divorced, or starting or ending a common-law relationship (after 12 months of living together)
Gaining or losing coverage under another plan, like a spouse's workplace benefits
The death of a dependent, or a dependent no longer being eligible
Outside these windows? Contact your plan administrator to find out your options.
Please note: This page is a summary provided for information purposes only. Your benefits booklet and the Member Advantage policy are the governing documents and set out the full terms, limitations and exclusions. If there are any differences between this page and those documents, they prevail. Rates are subject to change. E&OE (errors and omissions excepted).
