What is Evidence of Insurability?
Evidence of insurability (EOI) is personal health information that Sun Life requires your employees and their dependents to provide on certain benefits, such as a Voluntary Life plan. This occurs when an individual chooses a coverage amount that is over the guaranteed issue amount (the amount of coverage that is pre-approved by Sun Life).
Sun Life can also require EOI if the member:
- Chooses to enroll in any amount of coverage when they declined coverage in the past
- Chooses to increase their existing coverage by any amount
These are commonly known as late entry rules (or late entry penalties). They’re a standard way for many carriers, including Sun Life, to manage their risk for voluntary plans.
Is there anything else that I need to do for my employees to submit EOI?
As an HR Administrator, you will need to certify your employees' EOI submissions, either by paper or online via Sun Life Connect. We have these resources available for you:
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Employer EOI Guide This handy guide covers EOI requirements, how premium payments are impacted until approval, etc. |
>> View here |
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How to certify EOI submissions This 3 minute video covers how to certify EOI online step-by-step. |
>> View here |
For employee facing materials that you can download and send out to your employees, visit our Employee's Guide to Evidence of Insurability (EOI) with Sun Life.