Common use of Additional Life Insurance Clause in Contracts

Additional Life Insurance. Each employee will have the option to purchase additional life insurance with pre-tax dollars (if permitted by IRS rules), to a maximum of $300,000 (if permitted by the insurance company) at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will be required for amounts in excess of $100,000.

Additional Life Insurance. Each employee staff member will have the option to purchase additional life insurance with pre-tax dollars (if permitted by IRS rules)dollars, to a maximum of $300,000 (if permitted by the insurance company) at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will be required for amounts after the initial enrollment period. (The ability to purchase additional life insurance with pre-tax dollars will remain in excess of $100,000effect as long as the IRS permits such purchase).

Additional Life Insurance. Each employee staff member will have the option to purchase additional life insurance with pre-tax dollars (if permitted by IRS rules)dollars, to a maximum of $300,000 (if permitted by the insurance company) at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will be required for amounts in excess of $100,000after the initial enrollment period.

Additional Life Insurance. Each employee The Administrator will have the option to purchase additional term life insurance with pre-tax dollars (if permitted by IRS rules)dollars, to a maximum of $300,000 (if permitted by the insurance company) at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will be required for amounts in excess of $100,000after the initial enrollment period.

Additional Life Insurance. Each employee will have the option to purchase additional life insurance with pre-tax dollars (if permitted by IRS rules), to a maximum of $300,000 (if permitted by the insurance company) at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will be required for amounts in excess of $100,000.

Additional Life Insurance. Each employee will optional Employees have the option to purchase additional life insurance with pre-tax dollars (if permitted by IRS rules)dollars, to a maximum of $300,000 (if permitted by the insurance company) 300,000, at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will may be required for amounts in excess of $100,000required.

Additional Life Insurance. Each employee will optional Employees have the option to purchase additional life insurance with pre-pre- tax dollars (if permitted by IRS rules)dollars, to a maximum of $300,000 (if permitted by the insurance company) 300,000, at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will may be required for amounts in excess of $100,000required.

Additional Life Insurance. Each employee The Administrator will have the option to purchase additional term life insurance with pre-pre- tax dollars (if permitted by IRS rules)dollars, to a maximum of $300,000 (if permitted by the insurance company) at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will be required for amounts in excess of $100,000after the initial enrollment period.