Common use of Group Life and Accidental Death Clause in Contracts

Group Life and Accidental Death. and Dismemberment Effective October 1, 1999: Effective October 1, 2000: (a) The Employer shall provide a group life insurance plan. (b) The plan shall provide basic life insurance in the amount of one times (1x) annual earnings with a minimum of $25,000 (effective October 1, 2002: $50,000) and standard 24-hour accidental death and dismemberment insurance until age 65. After the age of 65, the amount of coverage shall decrease to 50% until the age of 70, at which time the group insurance coverage will cease. Coverage shall continue until termination of employment. On termination of employment (excluding retirement) coverage shall continue without premium payment for a period of 31 days during which time the conversion privilege may be exercised; that is, the individual covered may convert all or part of her group life insurance into any whole life, endowment or term life policy normally issued by the insurer and the insurer's standard rates at the time, without medical evidence. (c) The Employer shall pay 100% of the premium.

Group Life and Accidental Death. and Dismemberment Effective October date April 1, 1999: 2000 Effective date October 1, 2000: (a) The Employer shall provide a group life insurance plan. (b) The plan shall provide basic life insurance in the amount of one times (1x) annual earnings with a minimum of $25,000 (effective October 1, 2002: 2002 - $50,000) and standard 24-hour accidental death and dismemberment insurance until age 65. After the age of 65, the amount of coverage shall decrease to 50% $12,500 (effective October 1, 2002 - $25,000) until the age of 70, at which time the group insurance coverage will cease. Coverage shall continue until termination of employment. On termination of employment (excluding retirement) coverage shall continue without premium payment for a period of 31 days during which time the conversion privilege may be exercised; that is, the individual covered may convert all or part of her group life insurance into any whole life, endowment or term life policy normally issued by the insurer and the insurer's standard rates at the time, without medical evidence. (c) The Employer shall pay 100% of the premium.

Group Life and Accidental Death. and Dismemberment Effective October date April 1, 1999: 2000 Effective October 1date March 31, 2000:2003 (a) The Employer shall provide a group life insurance plan. (b) The plan shall provide basic life insurance in the amount of one times (1x) annual earnings with a minimum of $25,000 (effective October 1, 2002: 2002 - $50,000) and standard 24-hour accidental death and dismemberment insurance until age 65. After the age of 65, the amount of coverage shall decrease to 50% $12,500 (effective October 1, 2002 - $25,000) until the age of 70, at which time the group insurance coverage will cease. Coverage shall continue until termination of employment. On termination of employment (excluding retirement) coverage shall continue without premium payment for a period of 31 days during which time the conversion privilege may be exercised; that is, the individual covered may convert all or part of her group life insurance into any whole life, endowment or term life policy normally issued by the insurer and the insurer's standard rates at the time, without medical evidence. (c) The Employer shall pay 100% of the premium.

Group Life and Accidental Death. and Dismemberment Effective October July 1, 1999: 2000 Effective October April 1, 2000:2001 (a) The Employer shall provide a group life insurance plan. (b) The plan shall provide basic life insurance in the amount of one times (1x) annual earnings with a minimum of $25,000 (effective October 1March 31, 2002: 2003 - $50,000) and standard 24-hour accidental death and dismemberment insurance until age 65. After the age of 65, the amount of coverage shall decrease to 50% $12,500 (effective March 31, 2003 - $25,000) until the age of 70, at which time the group insurance coverage will cease. Coverage shall continue until termination of employment. On termination of employment (excluding retirement) coverage shall continue without premium payment for a period of 31 thirty-one (31) days during which time the conversion privilege may be exercised; that is, the individual covered may convert all or part of her group life insurance into any whole life, endowment or term life policy normally issued by the insurer and the insurer's standard rates at the time, without medical evidence. (c) The Employer shall pay one hundred percent (100% %) of the premium.