Common use of Additional Life Insurance Clause in Contracts

Additional Life Insurance. optional Employees have the option to purchase additional life insurance with pre-tax dollars, to a maximum of $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 may be required.

Additional Life Insurance. optional Employees Each staff member will have the option to purchase additional life insurance with pre-tax dollars, to a maximum of $300,000, 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 may will be requiredrequired after the initial enrollment period. (The ability to purchase additional life insurance with pre-tax dollars will remain in effect as long as the IRS permits such purchase).

Additional Life Insurance. optional Employees have the option to purchase additional life insurance with pre-pre- tax dollars, to a maximum of $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 may be required.

Additional Life Insurance. optional Employees Each employee will have the option to purchase additional life insurance with pre-tax dollarsdollars (if permitted by IRS rules), to a maximum of $300,000, 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 may be required.