Conversion Privileges. An insured unit member whose employment terminates has a 31-day period in which to convert all or a portion of his/her insurance to a whole life insurance policy. This individual policy will be issued without medical examination. The individual policy will become effective 31 days after termination of his group life insurance. However, if death should occur during this 31-day period, the benefit under the group policy will be payable.
Appears in 4 contracts
Samples: Support Unit Agreement, Support Unit Agreement, Support Unit Agreement
Conversion Privileges. An insured unit member employee whose employment terminates has a 31-day period in which to convert all or a portion of his/her his insurance to a whole term life insurance policy. This individual policy will be issued without medical examination. The individual policy will become effective 31 days after termination of his group life insurance. However, if death should occur during this 31-day period, the benefit under the group policy will be payable.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Conversion Privileges. An insured unit member whose employment terminates has a 31-day period in which to convert all or a portion of his/her insurance to a whole term life insurance policy. This individual policy will be issued without medical examination. The individual policy will become effective 31 days after termination of his group life insurance. However, if death should occur during this 31-day period, the benefit under the group policy will be payable.
Appears in 2 contracts
Samples: Support Unit Agreement, Support Unit Agreement
