Canopy offers 1 year renewable non participating life insurance coverage. Coverage levels can be either 1) Flat $ amounts per person or 2) A multiple of Salary that are paid to a designated beneficiary on the occasion of the covered employee’s death.
Canopy offers additional coverage know as Accidental Death & Dismemberment – often referred to as “double indemnity”. This optional rider covers instances when the insured dies as a result of an accident, becomes dismembered or permanently totally disabled.