Accidental Death Benefit Insurance Sample Clauses

Accidental Death Benefit Insurance. The intention of the Parties is to cap the cost of the above insurances, however this agreed rate may be subject to market conditions. Where there is an increase to the agreed rate, the Employer can seek an alternate insurance policy provided such insurance provides benefits no less than that provided in this clause.
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Accidental Death Benefit Insurance. The Employer must insure each Employee for Accidental Death Benefit Insurance providing financial compensation in the event of a work-related accident resulting in death of the Employee or permanent and total disablement.
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Accidental Death Benefit Insurance. If you suffer, directly and independently of all other causes, any accidental bodily injury which results in any of the specified losses described in the attached benefit schedule within one hundred eighty (180) days after the date of the accident causing the loss, the Insurer shall pay the indemnities equal to 100% of the Gross Contract Price. This insurance coverage shall terminate after 20 years from the Effective Date or upon your attainment of age 65, whichever comes first.
Sample 1

Related to Accidental Death Benefit Insurance

  • Long-term Disability Coverage New employees may enroll in long-term disability insurance by their initial effective date of coverage. Employees who become eligible for insurance may enroll in long-term disability insurance within thirty (30) days of their initial effective date as defined in this Article, Section 5C. An employee who is insurance eligible and moves from a temporary position to a permanent position will be allowed to enroll in long-term disability coverage within thirty (30) days of the event without providing evidence of insurability. The terms are the same as for employees who wish to add/increase during the annual open enrollment. During open enrollment only, an employee may purchase long-term disability coverage that provides benefits of from three hundred dollars ($300) to seven thousand dollars ($7,000) per month, based on the employee's salary, commencing on the 181st calendar day of total disability, and not subject to evidence of insurability but with a limited term pre-existing condition exclusion. Employees should be aware that other wage replacement benefits, as described in the certificate of coverage (i.e., Social Security Disability, Minnesota State Retirement Disability, etc.), may result in a reduction of the monthly benefit levels purchased. In any event, the minimum is the greater of three hundred dollars ($300) or fifteen (15) percent of the amount purchased. The minimum benefit will not be reduced by any other wage replacement benefit. In the event that the employee becomes totally disabled before age seventy (70), the premiums on this benefit shall be waived.

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