Employee Basic Life Insurance. Through the basic life insurance benefits, an Employee automatically receives coverage equivalent to: • One times the Employee’s base salary The coverage is one hundred percent (100%) paid for by the Employer. The maximum basic life insurance benefit is two hundred and fifty thousand dollars ($250,000).
Employee Basic Life Insurance. The Employer shall pay 100% of the premium on the base $100,000 and the employee shall pay the premium for any insurance over the base minimum.
Employee Basic Life Insurance. The Employer agrees for the duration of this Collective Agreement to pay seventy-five percent (75%) of the cost of the monthly premium. The benefit amount is 2.5 times the employee’s annual earnings, rounded to the next higher multiple of $1000, if not already a multiple, to a maximum of $700,000.
Employee Basic Life Insurance. The Employer agrees to pay one hundred percent (100%) of the billed premium, toward coverage of each Eligible Employee who qualifies and remains eligible for coverage. The basic amount of insurance shall be two hundred percent (200%) of the employee's annual earnings, to a maximum of $200,000.00.
Employee Basic Life Insurance. Through the basic life insurance benefits, a Teaching Faculty Member automatically receives coverage equivalent to: One times the Teaching Faculty Member’s base salary The coverage is one hundred percent (100%) paid for by the Employer. The maximum basic life insurance benefit is $250,000.
Employee Basic Life Insurance. 200% of annual earnings to a maximum of $200,000. The minimum amount of insurance is $100,000.
Employee Basic Life Insurance. The Commission shall pay 100% of the premium on the base $80,000 $100,000 and the employee shall pay the premium for any insurance over the base minimum. The employee is responsible for the premium for optional spouse and dependant coverage.
Employee Basic Life Insurance. Through the basic life insurance benefits, a Faculty Member automatically receives coverage equivalent to: One times the Faculty Member’s base salary The coverage is one hundred percent (100%) paid for by the Employer. The maximum basic life insurance benefit is $750,000.
Employee Basic Life Insurance. Full-time employees: 1x annual earnings rounded to the next higher $1,000; Max. $1,000,000. Part-time employees: $10,000 Optional Employee Life Insurance: Units of $10,000. Maximum benefit $500,000 Optional Spousal Life Insurance: Units of $10,000. Maximum benefit $250,000 Optional Child Life Insurance: Units of $1,000. Maximum benefit $10,000 Optional AD & D: Employee: $10,000 units; Maximum $250,000 Business Travel AD & D: Employee: $100,000 Dental Coverage: 80% of preventive; 50% Major (bridges, crowns, dentures); Orthodontia 50%, children only with a lifetime maximum of $2,000 Maximum preventive and major combined: $1,000 per calendar year Health Coverage: 80% for Drugs; 100% for all other eligible Health expenses. Vision Care: $300/24 months; Eye exams $50/24 months $300 each calendar year for Paramedical Expense Maximums for the following services: Chiropractors; Massage Therapists; Naturopaths; Podiatrists/Chiropodists; Psychologists/Social Worker; Speech Therapist. $500 each calendar year for Physiotherapists
Employee Basic Life Insurance. In the event of your death while insured, the amount of your Life Insurance is payable to your beneficiary. You may change your beneficiary at any time by written notice to your Employer, subject to any policy or legal limitations. WAIVER OF PREMIUM FOR DISABILITY If you become totally disabled for consecutive months before age your Life Insurance will be continued free of charge until you cease to be totally disabled or you reach age whichever occurs first. To qualify, you must be unable to work for compensation or profit or to engage in any business or occupation, and you must submit proof of your continuing disability as may be required by Maritime Life.
