STF’s Optional Life Insurance Plan Can Help Protect You and Your Family
Portaplan offers affordable term life, dependant life and accident insurance to Saskatchewan teachers and their families. This Plan is administered by the Federation and is separate from the coverage provided by the mandatory Teachers’ Group Life Insurance Plan. Participation in Portaplan is optional and 100 percent of the premiums are paid by the policyholder.
Why choose Portaplan?
- Portaplan is a non-profit plan that offers affordable insurance coverage at competitive rates. Coverage is available in units of $20,000 up to a maximum of $400,000 (20 units).
- Special offers are available for first- and second-year STF members, as well as eligible children aged 16 to 25.
- Portaplan is an affordable alternative to mortgage insurance.
- Coverage continues even if your contract ends, you change careers or move to another country.
- Your spouse and eligible children between ages 16 and 25 can purchase a policy of their own, even if you don’t have a policy.
- Term life insurance can help cover funeral costs, mortgage payments, student loans and more.
To find out more about Portaplan, or get an instant quote, visit the STF Optional Life Insurance webpage.