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The
necessary forms
For any pensioners who have basic life insurance through Great-West
Life, there is
a $2,000 life insurance benefit payable to the person designated
as the beneficiary. OPTrust will send the claim form to the person
who is handling the estate. The executor or administrator must then
mail the form to Great-West Life in Winnipeg. They will then send
a cheque
to the beneficiary. It takes approximately
three weeks for Great-West Life to send the basic life insurance
cheque. If there is no named beneficiary on the
policy, the benefit is payable to the estate.
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