Good afternoon and thank you, Mr. Chair and members of the committee.
My name is Phil Marcus. I am vice-president of operations, policy and product management at SISIP Financial. We are a division of the Canadian Forces Morale and Welfare Services.
Our organization directly supports the Canadian Armed Forces operational readiness by contributing to the strengthening of the mental, social, familial, physical and financial well-being of CAF members, veterans and their respective families. More specifically, SISIP Financial provides tailored advice and product solutions that enhance the financial health and security of members of the CAF community and their families.
Canadian Armed Forces community members have trusted SISIP Financial for expert advice and solutions across pensions, investing, life insurance and disability insurance, and budgeting and borrowing for over 50 years now. SISIP Financial is the administrator of both group life insurance and the long-term disability plan for the Canadian Armed Forces. These are part of their employee group benefits. Manulife is the underwriter of group life and the insurer for the long-term disability plan.
All Canadian Armed Forces members are automatically enrolled in the Canadian long-term disability insurance plan and are eligible for benefits starting from their first day of service. Personnel who leave the Canadian Armed Forces because of medical limitations receive income support for up to 24 months or to age 65 if they're unable to return to work. In addition, all those who are eligible for long-term disability benefits are also eligible for the vocational rehabilitation program managed by Manulife.
Understanding that the committee is undertaking a comprehensive study on women veterans and the support they are provided, we will do our best to assist. SISIP Financial and Canadian Forces Morale and Welfare Services operate on the principle of one veteran, one standard. As such, we treat all members and their families equally when it comes to the support and services we provide.
I'm happy to be here today with our partner Manulife and hope to answer any questions you may have.
Thank you.