Voluntary Life Insurance
Portaplan – Term Life, Accident and Dependant Insurance
Portaplan is a nonprofit, group life insurance plan established by the Federation for Saskatchewan teachers and their families. This Plan offers term life, dependant life and accident insurance coverage in addition to the coverage provided by the mandatory Teachers’ Group Life Insurance Plan.
Participation in Portaplan is optional and all premiums are paid by the policyholder. Coverage can continue if your contract ends, you change careers or move to another country.
Portaplan is administered by the Saskatchewan Teachers’ Federation. Manulife Financial underwrites Portaplan and pays all benefits.
Notice to Policyholders
On February 26, 2018, the Saskatchewan government announced that the Provincial Sales Tax (PST) no longer applies to life insurance premiums. The PST exemption on Portaplan premiums is retroactive to the last policy renewal date, November 1, 2017.
PST paid on Portaplan premiums will be refunded to policyholders in the form of a credit on their next premium notice, which will be mailed in June. The next policy renewal date is July 1, 2018. Individuals who choose not to renew their policy or terminated their policy mid-year, will receive a refund in the mail.
First Year of STF Membership
If you apply for term life insurance in your first year of STF membership, you can obtain $20,000 (one unit) of insurance at no cost for the remainder of the policy year. Evidence of good health is not required for the first $40,000 (two units) of term life insurance if the application is received in the first year of membership.
Second Year of STF Membership
If your initial application for term life insurance occurs in your second year of STF membership, evidence of good health is not required for the first $20,000 (one unit) of term insurance.
Children – Age 16 through 25
No evidence of good health is required for the first $60,000 (three units) of term life insurance on an initial application by an eligible child age 16 through 25.
NOTE: In the event of a discrepancy between the Portaplan benefits outlined on this site and those in the master policy with Manulife Financial (G-21087-600), benefits will be determined by the provisions set out in the master policy.