Common use of GROUP LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE Clause in Contracts

GROUP LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. (a) The Employer, by means of a policy issued by an insurance company, provides group life and accidental death and dismemberment insurance for all eligible faculty members. Participation in this plan is a condition of employment. (b) Group Life and Accidental Death and Dismemberment benefits each shall be set at three (3) times the employee’s annual salary to a maximum of $250,000. The premiums for the Life and Accidental Death and Dismemberment Insurance Plans are paid by the Employer. The Employer agrees to make available optional voluntary life insurance (maximum $200,000) for eligible faculty members and their spouse/common-law spouse, subject to the applicant meeting insurance company requirements. All premiums for this optional life insurance will be paid by the faculty member. Life insurance benefits will be paid in accordance with the schedule of benefits listed in the insurance carrier's plan and are subject to the limitations specified in the plan including eligibility requirements.

GROUP LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. ‌ (a) The Employer, by means of a policy issued by an insurance company, provides group life and accidental death and dismemberment insurance for all eligible faculty members. Participation in this plan is a condition of employment. (b) Group Life and Accidental Death and Dismemberment benefits each shall be set at three (3) times the employee’s annual salary to a maximum of $250,000800,000. The premiums for the Life and Accidental Death and Dismemberment Insurance Plans are paid by the Employer. The Employer agrees to make available optional voluntary life insurance (maximum $200,000) for eligible faculty members and their spouse/common-law spouse, subject to the applicant meeting insurance company requirements. All premiums for this optional life insurance will be paid by the faculty member. Life insurance benefits will be paid in accordance with the schedule of benefits listed in the insurance carrier's plan and are subject to the limitations specified in the plan including eligibility requirements.

GROUP LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE. (a) The Employer, by means of a policy issued by an insurance company, provides group life and accidental death and dismemberment insurance for all eligible faculty members. Participation in this plan is a condition of employment. (b) Group Life and Accidental Death and Dismemberment benefits each shall be set at three (3) times the employee’s annual salary to a maximum of $250,000800,000. The premiums for the Life and Accidental Death and Dismemberment Insurance Plans are paid by the Employer. The Employer agrees to make available optional voluntary life insurance (maximum $200,000) for eligible faculty members and their spouse/common-law spouse, subject to the applicant meeting insurance company requirements. All premiums for this optional life insurance will be paid by the faculty member. Life insurance benefits will be paid in accordance with the schedule of benefits listed in the insurance carrier's plan and are subject to the limitations specified in the plan including eligibility requirements.