Group Life Benefits. For Terminally Ill (a) Death must be "expected" within 12 months. The team member's attending physician will be required to provide sufficient medical information, including the team member's diagnosis and prognosis, to allow us to assess the life expectancy. (b) Requests for advance payments must be in writing and should be accompanied by evidence of financial need. (c) Authorization from the policy holder must be submitted with the team member's request. (d) The amount of the payment will be 50% of the Life Insurance coverage, subject to a maximum of $40,000. (e) A signed release will be obtained from the insured team member prior to payment being made. A release is not required from designated revocable beneficiaries, as they have no legal rights to life insurance proceeds until after the insured's death. Situations involving irrevocable beneficiaries or divorce judgments will require special releases.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
