Common use of Employee and Spousal Optional Life Insurance Clause in Contracts

Employee and Spousal Optional Life Insurance. The Employer agrees to provide the option for the employee and spouse, to purchase insurance, one hundred percent (100%) paid by the employee and subject to evidence of insurability by the insurer, in multiples of $10,000, to a maximum of $700,000 each.

Employee and Spousal Optional Life Insurance. The Employer agrees to provide the option for the employee and spouse, to purchase insurance, one hundred percent (10000%) paid by the employee and subject to evidence of insurability by the insurer, in multiples of $10,000, to a maximum of $700,000 each. To be eligible for spousal optional life insurance, the employee must be insured for employee optional life insurance.