Common use of Basic Group Life Insurance Clause in Contracts

Basic Group Life Insurance. (a) The Employer will pay one hundred (100%) percent of the premium cost of a Basic Group Life Insurance Plan for regular employees. (b) The amount of coverage will be one times the employee’s annual earnings, rounded up to the next highest one hundred ($100.00) dollars, with a minimum of fifteen thousand ($15,000.00) dollars. (c) The Master Policy will govern the details of benefits and eligibility.

Basic Group Life Insurance. (a) The Employer will pay one hundred (100%) percent of the premium cost of a Basic Group Life Insurance Plan for regular employees. (b) The amount of coverage will be one two (2) times the employee’s annual earnings, rounded up to the next highest one hundred ($100.00) dollars, with a minimum of fifteen thousand ($15,000.00) dollars. (c) The Master Policy will govern the details of benefits and eligibility.

Basic Group Life Insurance. (a) The Employer will pay one hundred (100%) percent % of the premium cost of a Basic Group Life Insurance Plan for regular employees. (b) The amount of coverage will be one 1 times the employee’s annual earnings, rounded up to the next highest one hundred ($100.00) dollars100, with a minimum of fifteen thousand ($15,000.00) dollars15,000. (c) The Master Policy will govern the details of benefits and eligibilityeligibility will be governed by the Master Policy.