What you need to know
Life doesn’t always hand you lemons. Sometimes life throws lemons at you really hard. Your family is protected in case something unexpected prevents you from working.
Protect those who matter most
If the unexpected happens, your family needs peace of mind. Nominate your beneficiaries as soon as possible so your family will be covered. You can take care of the whole process in Workday.
Group life insurance
Workday fully pays for this benefit, and you are covered from your first day of employment.
Full-time, permanent Workmates: In the event of your death while employed by Workday, a lump-sum payment of 2 times your basic salary (up to Can$1 million) will be made to your beneficiaries. You also have basic life insurance coverage for your dependants (Can$10,000 for your spouse and Can$5,000 per child). If you’d like to extend life insurance for yourself or your spouse (up to Can$500,000), you’re responsible for 100% of the cost.
Interns: In the event of your death while employed by Workday, a lump-sum payment of Can$20,000 will be made to your beneficiaries.
Group AD&D insurance
Critical illness insurance
Full-time, permanent Workmates are covered from the first day of employment. If you’re diagnosed with a covered illness, Workday fully pays for up to Can$15,000 in supplementary income. You can also pay for additional critical illness coverage in increments of Can$5,000 up to Can$185,000 for yourself, Can$200,000 for your spouse, and Can$20,000 for each of your children. Any additional critical illness coverage will require evidence of insurability.
You're covered from your first day of employment, in case you can’t work because of a disability.
Full-time, permanent Workmates and interns will be paid 66.7% of the first Can$600 of weekly income and 50% of any excess amount, up to a maximum benefit of Can$3,000 per week. Payments start on the seventh day for illness and the first day for an accident or hospital stay. The maximum benefit period is 17 weeks.
Full-time, permanent Workmates will be paid 66.7% of the first Can$2,250 of monthly earnings, plus 50% of the next Can$3,500 and 44% of any excess amount, up to a maximum benefit of Can$8,000 per month.
Because Workmates are responsible for disability insurance premiums, disability benefit payments are non-taxable.