American Income Life: Strike Premium Waiver

 

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Relevant Background: Strike Waiver provides for waiver of premium while the insured is on authorized strike. One month of premium waiver is waived for each month of strike. If the strike lasts less than a month, one month of premium will be waived. The maximum waiver is 12 months.

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Relevant Material: On October 14, 2023, the Town of Whitby issued a statement that CUPE Local 53 representing workers at the Town of Whitby had commence strike action. Strikes can potentially impact the closing or occupancy dates of new homes or affect the completion of projects due to delays in inspections and processing applications for permits, approvals, etc... ("Town of Whitby Strikes Potentially Impacting New Home Construction",  n.d. ) 
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Relevant Material: "Note: Work stoppage data cover strikes and lockouts that amount to 10 or more person-days not worked. Data for 2025 cover the month of January. January data are preliminary, subject to updates. For additional information, please see the Technical notes.

Source: Strategic Policy, Analysis, and Workplace Information Directorate, Labour Program, Employment and Social Development Canada..." ("Work stoppages by sector and year", 2025 ) 


References
1.    (2025). Town of Whitby Strikes Potentially Impacting New Home Construction. Tarion. Retrieved July 1, 2025, from https://www.tarion.com/media/town-whitby-strikes-potentially-impacting-new-home-construction

2. (2025, March 14). Work stoppages by sector and year. Government Of Canada. Retrieved July 1, 2025, from https://www.canada.ca/en/employment-social-development/services/collective-bargaining-data/work-stoppages/work-stoppages-year-sector.html

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