Portaplan Insurance Coverage Now $600K

Have you heard the news? Portaplan’s maximum coverage has now been increased to $600,000.  Coverage is available in units of $20,000 up to a maximum of $600,000 (30 units).

Portaplan is a non-profit, so its rates are more competitive than other insurance companies, and it offers flexibility as an alternative to mortgage protection insurance. If you resign from teaching, you can keep your Portaplan insurance as long as you continue to make the payments.

Your spouse, if under age 65, and dependent children between the ages of 16 and 25 can also apply for their own Portaplan policies, even if you don’t have one.

To find out more about Portaplan, visit the Federation website or contact our office to speak with a Portaplan representative.

DID YOU KNOW…

Your children between the ages of 16 and 25 can also apply for their own Portaplan policies and be automatically approved for three units ($60,000) without providing evidence of good health? Visit our website for the application or call 1-800-667-7762 to speak to a Portaplan representative.

LAST CHANCE FOR OPEN ENROLMENT IN PORTAPLAN

Until December 31, 2024, eligible STF members and their spouses can apply for two units ($40,000) of STF’s optional life insurance, Portaplan, without providing evidence of good health. Call 1-800-667-7762 to speak to a Portaplan representative and find out if you’re eligible.