Common use of Additional Optional Term Life Clause in Contracts

Additional Optional Term Life. Optional term life insurance is available at the bargaining unit member's expense through payroll deduction at rates established for the bargaining unit member's specific age group. Optional term life insurance will require evidence of insurability and may be obtained only during regularly established enrollment periods. Employees shall have the right to convert their group term life insurance to Ordinary Life Coverage at their expense within thirty-one (31) days following termination or retirement.

Additional Optional Term Life. Optional term life insurance is available in an amount up to one hundred twenty thousand dollars ($120,000) at the bargaining unit member's expense through payroll deduction at rates established for the bargaining unit member's specific age group. Optional term life insurance will require evidence of insurability and may be obtained only during regularly established enrollment periods. Employees Coverage shall have the right to convert their group term life insurance to Ordinary Life Coverage be reduced beginning at their expense within thirtyage sixty-one (31) days following termination or retirement.five

Additional Optional Term Life. I Optional term life insurance is available in an amount up to $120,000 at the bargaining unit union member's expense through payroll deduction at rates established for the bargaining unit union member's specific age group. Optional term life insurance will require evidence of insurability and may be obtained only during regularly established enrollment periods. Employees I Coverage shall have be reduced beginning at age 65 according to the right to convert their group term life insurance to Ordinary Life Coverage at their expense within thirty-one (31) days following termination or retirement.table: I 65 - 69 60% 70 - 74 40% 75 - 79 250/0 80 and older 150/0 Percent of Age 64 Benefit I I 11 I I I I