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.

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.

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 Benefit amount-$2,000 spouse; $1,000 each dependent child Termination age-employee’s age 71 or retirement, whichever is earlier 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 -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 lifetime Services provided by the following licensed practitioners: -Chi...

Employee Optional Life Insurance. In the event of your death while insured, the amount of your Optional Life Insurance is payable to your beneficiary. However, if you die due to self-destruction while sane or insane, the Insurer will not pay any part of Optional Life Insurance which became effective less than two years prior to your date of death. The provisions of this coverage shall be the same as for Basic Life Insurance. Our Group the event of the death of your spouse while insured, the amount of your Optional Life Insurance is payable to you. However, if your spouse dies due to self-destruction while sane or insane, the Insurer will not pay any part of your spouse's Optional Life Insurance which became effective less than two years prior to the date of death. The provisions of this coverage shall be the same as for Basic Life Insurance except that Waiver of Premium Benefit ceases on the earlier of: a) the date the Waiver of Premium for Life Insurance ceases, or the date the policy or coverage terminates.

Employee Optional Life Insurance. The Employee Optional Life Insurance Benefit is insured under Financial’s Group Policy Benefit Amount you may elect to times your annual earnings Qualifying Period for Waiver of Premium months TerminationAge on the date your active employment with your employer ends, or age Waiting Period

Employee Optional Life Insurance. In the event of your death while insured, the amount of your Optional Life is payable to your beneficiary. However, if you die due to self-destruction while sane or insane, the Insurer will not pay any part of Optional Life which became effective less than two years prior to your date of death. Misstatement of non-smoker status by you shall constitute fraud, and the Insurer will not pay any part of your Optional Life Insurance, regardless of the cause of death. The provisions of this coverage shall be the same as for Basic Life

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. 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.

Employee Optional Life Insurance either with or without Accidental Death and Dismemberment (AD&D) Insurance.

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. Amount increments of to a minimum of Guaranteed Issue Limit All amounts are subject to Age age or retirement, whichever is earlier. months for employees hired on or prior to the Group Policy EffectiveDate To apply for Employee Optional Life Insurance, you must complete the Application for Optional Life form (Form available form your Plan Administrator. For details on a Claim and Conversion Privilege, please refer to Employee Life Insurance.

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 Coverage of $10,000 for spouse, and $5,000 for each child; Employees can elect up to $500,000 of optional life insurance, in units of $10,000. Premium based on age and benefit level.