Employee Optional Life Insurance Sample Clauses

Employee Optional Life Insurance. In addition to the basic life insurance provided by the Employer, an employee can purchase additional life insurance coverage for him/herself that the employee pays for through payroll deductions. The optional coverage available is:  up to $500,000 of employee optional life insurance coverage in units of $10,000.
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Employee Optional Life Insurance. In addition to the basic life insurance provided by the Employer, a Teaching Faculty Member can purchase additional life insurance coverage for themselves that they pay for through payroll deductions. The optional coverage available is:  up to $750,000 of employee optional life insurance coverage in units of $10,000.
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Employee Optional Life Insurance. If you die while insured, this benefit provides financial assistance to your beneficiary, in addition to your Employee Life Insurance Benefit. The Benefit Benefit Amount - increments of $10,000 to a maximum of $250,000. Guaranteed Issue Limit - All amounts are subject to Evidence of Insurability. XxXxxx’x By-Products 2010-2012 62 Termination Age - age 70 or retirement, whichever is earlier XxXxxx’x By-Products 2010-2012 63 Waiting Period none for employees hired on or prior to the Group Policy Effective Date 3 months for all other employees To apply for Employee Optional Life Insurance you must complete the Application for Optional Life form (Form #GL0005E), available from your Plan Administrator. For details on Submitting a Claim and Conversion Privilege, please refer to Employee Life Insurance.
Sample 1
Employee Optional Life Insurance. Benefit Amount-increments or $10,000 to a maximum of $300,000 Termination age-age 65 or retirement, whichever is earlier Dependent Life Insurance Benefit amount-$2,000 spouse; $1,000 each dependent child Termination age-employee’s age 71 or retirement, whichever is earlier Extended Health Care The Benefit Overall Benefit Maximum-Unlimited Deductible-$10 Individuals, $20 Family, per calendar year(s) Not applicable to: Drugs-$2.00 co-pay Medical Services and Supplies Out-of-Canada Emergency Medical Treatment Out-of-Canada Hospital-Referrals Orthopedic Shoes Professional Services Note: The deductible is not applicable to ManuAssist Benefit Percentage (Co-insurance)- 100% for-Hospital Care-Professional Services-Vision-Medical Services and Supplies- Drugs Note: The benefit percentage for Out-of-Canada Emergency Medical Treatment is 100% The benefit percentage for Referral outside Canada for Medical Treatment Available in Canada is 50% The benefit percentage for ManuAssist is 100% Termination Age – employee’s age 75 or retirement, whichever is earlier Prescription Drugs -drugs or medicine dispensed by a licensed pharmacist, and which bylaw or convention require a written prescription of a physician or dentist -oral contraceptives, intrauterine devices, and diaphragms -injectable medications -life-sustaining drugs -non-prescription drugs and supplies required for the treatment of diabetes (excluding automatic jet injectors or similar equipment) -Charges for the following expenses are not covered: -preventative vaccines and medicines (oral or injected) -the administration of serums, vaccines, or injectable drugs -drugs, biologics and related preparation which are intended to be administrated in hospital on an in-patient basis and are not intended for a patient’s use at home -drugs used in the treatment of a sexual dysfunction -Drug Maximum Fertility drugs-$15,000 per lifetime Anti-smoking drugs-$300 per lifetime All other covered drug expenses-unlimited Vision Care -eye exams, once per calendar year -purchase and fitting of prescription glasses or elective contact lenses, as well as repairs, or elective laser vision correction procedures, to a maximum of $250 during any 2 calendar year(s) -if contact lenses are required to treat a severe condition, or if vision in the better eye can be improved to a 20/40 level with contact lenses but not with glasses, the maximum payable will be $250 during any 2 calendar year(s) -visual training, to a maximum of $250 per lifetim...
Sample 1
Employee Optional Life Insurance. Employees can elect up to $500,000 of optional life insurance , in Units of $10,000. Premium based on age and benefit level DEPENDENT LIFE INSURANCE Coverage of $10,000 for spouse, and $5,000 for each child; OPTIONAL SPOUSE LIFE INSURANCE Employees can elect up to $500,000 of optional life insurance, in units of $10,000. Premium based on age and benefit level.
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Employee Optional Life Insurance either with or without Accidental Death and Dismemberment (AD&D) Insurance.
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Related to Employee Optional Life Insurance

  • Optional Life Insurance The State shall make available optional term-life insurance to employees. The cost will be paid by the employee on a payroll deduction basis. The available coverage will be at least two (2) times the employee’s salary. No evidence of insurability will be required if an adequate number of employees participate. The State will explore smoker/non-smoker rates and spousal coverage.

  • Additional Life Insurance All eligible employees shall be permitted to purchase term life insurance in addition to the amount provided by the Board in paragraph C. of this Article.

  • Optional Life and Disability Coverages In order for coverage to become effective, the employee must be in active payroll status and not using sick leave on the first day following approval by the insurance company. If it is an open enrollment period, coverage may be applied for but will not become effective until the first day of the employee's return to work.

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • Optional Group Life Insurance Subject to the provisions of the Plan, eligible employees shall be entitled to purchase optional Group Life Insurance coverage in units of ten thousand dollars ($10,000) up to a maximum of two hundred and fifty thousand dollars ($250,000). The employee shall pay one hundred percent (100%) of the premiums for the optional coverage.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Group Term Life Insurance The School District will pay the full premium for each $1,000 of coverage for group term life insurance. The amount of life insurance provided will be $20,000, subject to the conditions of the carrier.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

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