EMPLOYEE LIFE INSURANCE BENEFIT. A: Effective January 1, 1999 through December 31, 2000 the life insurance premium shall be part of the total fringe package benefit premium calculation specified in Article 18.3 Section A and B above.
EMPLOYEE LIFE INSURANCE BENEFIT. EMPLOYEE LIFE INSURANCE BENEFIT (See Schedule for Amount) Death Provision If you die while covered, your Employee Life Insurance will be paid to your beneficiary(ies), if living, otherwise to your estate. Disability Provision If you: become Totally and Permanently Disabled while covered; ◼ continue to be so disabled for the next 6 months; and ◼ are under age 65; the Employee Life Insurance for which you were covered at the time you became so disabled will continue while you are so disabled, but not beyond your 65th birthday, subject to any reduction or termination indicated in the Schedule due to a change in class. You must submit proof satisfactory to Aetna Life, within 12 months of the date you cease active work, that you are so disabled. Upon approval, you must submit proof satisfactory to Aetna Life, as required, that you are still so disabled.
EMPLOYEE LIFE INSURANCE BENEFIT. Privilege (continued) Written application for an individual policy, together with the first premium, must be submitted to Imperial Life within days of termination. During this period, the amount of life insurance you are eligible to convert will remain in force free of charge. If your life insurance terminates as a result of the termination of the group policy, your employer will advise you of your options. The amount of life insurance you are insured for will be paid your named beneficiary in the event of your death or to your spouse’s named beneficiary in the event of your spouse’s death. You may change your beneficiary at any time (subject to any limits set by law) by completing a form available from your employer and returning it to him. Total Disability If you become totally disabled, your Optional Life Insurance will remain in force and your Optional Life premiums will be waived, as long as the premiums for your Employee Life Insurance are waived but not beyond the date you attain the age limit of this benefit. Suicide No optional life insurance will be paid if the individual commits suicide within years of the effective date, reinstatement date or the effective date of any increase of your optional insurance amount.
EMPLOYEE LIFE INSURANCE BENEFIT. The City shall provide a life insurance policy to bargaining unit member with a face value of One Hundred Thousand Dollars ($100,000) subject to the terms & conditions of the policy. The life insurance premiums shall be paid in full by the City.
