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Group Insurance for Firms

Take advantage of CPA Ontario negotiated rates with Sun Life

Affordable. Comprehensive. Flexible

Chartered Professional Accountants of Ontario (The Institute of Chartered Accountants of Ontario), in partnership with Sun Life Assurance Company of Canada, Clewes & Associates Life Insurance Consultancy Inc., and Canadian Benefit Administrators Ltd., offers a group insurance plan designed specifically for small to mid-sized Firms and management consultant firms. The Firms’ Group Insurance Plan provides basic life, long term disability, critical illness, extended health care and dental insurance coverages which include features not typically available to small firms.

Call Today for a Quote

Brian Clewes at 1 800 667.4574 or 416 493.5586

Highlights of the Plan


Basic Life and Accidental Death and Dismemberment

Amount of insurance

  • Partners and sole proprietors
    • Minimum of $50,000 to a maximum of $200,000, in units of $25,000
  • Full-time employees
    • Minimum of 2 x earnings to a maximum of $200,000

Includes:

  • Waiver of premium in the event of disability
  • Conversion privilege


Optional Life Insurance

You can choose to add optional life coverage to your firm’s insurance program. If chosen, you and your employees, and spouse and children if applicable, can decide to apply for the insurance.

Optional Life insurance is subject to satisfactory evidence of health.

Amount of insurance

  • Minimum of $25,000 to a maximum of $250,000, in units of $25,000
  • Dependent children
  • $5,000 or $10,000 (covers all children)

Includes:

  • Waiver of premium in the event of disability
  • Conversion privilege


Long-term Disability Insurance

You can choose to add long term disability (LTD) coverage, either the enhanced or basic plan, to your firm’s insurance program. If you, as the owner, choose to add the insurance to your insurance program, then all employees must be covered under this plan (subject to satisfactory evidence of health in some cases).

Partners and sole proprietors may choose not to be covered under this insurance, if already covered under CPA Ontario’s Individual Income Protection plan.

Amount of insurance

  • Enhanced
    • 60% of your monthly earnings to a maximum of $5,000
    • Choice of taxable or non-taxable
  • Basic
    • 50% of your monthly earnings to a maximum of $5,000
    • Non-taxable

Includes:

  • Waiver of premium in the event of disability
  • Rehabilitation
  • Cost of Living Adjustment (enhanced plan only)
  • 5-year own occupation definition of total disability for partners and sole proprietors (enhanced plan only)


Critical Illness Insurance

Following the diagnosis of a covered critical illness, a prescribed survival period, and approval of the claim, this insurance pays a one-time, lump-sum benefit that you can use any way you want - to seek other treatment, purchase specialized equipment, pay your mortgage, or invest for your future.

You can choose to add critical illness insurance to your Firm’s insurance program. If chosen, you and your employees, and spouse if applicable, can decide to apply for the insurance.

Critical Illness insurance is subject to satisfactory evidence of health.

Amount of insurance

  • Minimum of $20,000 to a maximum of $100,000, in units of $10,000

Includes coverage for 10 critical illnesses:

  • heart attack
  • major organ transplant
  • stroke
  • cancer 
  • paralysis
  • kidney failure
  • blindness 
  • deafness
  • multiple sclerosis
  • coronary artery bypass surgery

Extended Health and Dental