Group Life Insurance and Accidental Death and Injury Plan Eligible employees shall be provided with a Group Life Insurance and Accidental Death and Injury plan. See Appendix C for details of the plans.
Group Life Insurance and Accidental Death and Dismemberment (AD&D)
(a) Permanent and probationary Employees shall join the group life insurance plan on the first day of the calendar month following six (6) months of employment.
(b) Coverage is based on the following general principles:
(i) Two (2) times annual salary, rounded to the nearest thousand dollar to a maximum of $200,000.00, or as set out in the master policy, whichever is greater.
(ii) Accidental death and dismemberment coverage for loss within three hundred and sixty-five (365) days of an accident of life, limb or sight according to the schedule set forth in the master policy.
(c) The Employer shall pay 100% of the premium cost.
Group Life Insurance and Accidental Death and Dismemberment at the following amounts: Oct.1/14 Oct. 1/15 Life Insurance $54,000 $54,000 A.D. and D. $54,000 $54,000 Dependent life insurance to provide a $7,000 benefit for the spouse and a $3,000 benefit for each dependent child. Employees retiring between the age of fifty-five (55) and sixty-two (62) years with twenty (20) years of service - $10,000 in Life Insurance. Employees retiring between the age sixty-two (62) years and sixty-five (65) years with a minimum twenty (20) of service - $5,000 in Life Insurance. Employees retiring at age sixty-five (65) with a minimum twelve (12) years of service - $5,000 in Life Insurance.
Group Life Insurance and Accidental Death and Dismemberment Effective April 1, 2001 for Employees earning more than $12,000 annually. Effective April 1, 2002 for Employees earning more than $12,000 annually. Effective April 1, 2003 for Employees earning more than $13,222 annually. The Agency shall pay one hundred percent (100%) of the monthly premium of Group Life Insurance plus Accidental Death and Dismemberment Insurance on behalf of each of these Employees in order to achieve a benefit level of three times (3X) the annual gross earnings.
Group Life Insurance and Accidental Death and Dismemberment (compulsory)
Group Life Insurance and Accidental Death and Dismemberment Effective October 1, 1999: Effective October 1, 2000
(1) The Employer will provide a group life insurance plan.
(2) The plan shall provide basic life insurance in the amount of $25,000.00 (effective October 1, 2002: $50,000.00) and standard 24 hour accidental death and dismemberment insurance until age sixty-five (65). After the age of sixty-five (65) the amount of coverage shall decrease to $12,500.00 (effective October 1, 2002: $25,000.00) until the age of seventy (70), at which time the group insurance coverage will cease. On termination of employment (excluding retirement) coverage shall continue without premium payment for a period of thirty-one (31) days, during which time the conversion privilege may be exercised; that is, the individual covered may convert all or part of his/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.
(3) The Employer shall pay 100% of the premium.
Group Life Insurance and Accidental Death and Dismemberment Insurance The Employer will contribute, effective May 1, 2000, for full-time employees enrolled in the Group Life and Accidental Death and Dismemberment Insurance Plan, $6.80 per month towards the premium cost for $25,000 of life and accidental death and dismemberment insurance.
Group Life Insurance and Accidental Death and Dismemberment in the amount of thirty thousand dollars ($30,000). The Group Life Insurance plan shall provide for the payment of ten thousand dollars ($10,000) upon the death of a spouse and the payment of five thousand ($5,000) for each dependent child and one thousand dollars ($1,000) for infant (0-13 days).
Group Life Insurance and Accidental Death. Dismemberment (AD&D) - 100% coverage for one times (1.0x) base annual earnings for life insurance and AD&D equal to the group life insurance amount.
Group Life Insurance and Accidental Death. Dismemberment (AD&D). Employee’s Life and Accidental Death and Dismemberment coverage ends on the Termination Date. Employee has the option to port or convert the group coverage in force at the Termination Date into individual coverage, including Basic Life, AD&D, Additional Life, and Dependent Life. Employee must apply for portability within 31 days of the Termination Date. If Employee is interested in porting Employee’s life insurance coverage, Employee should call the Unum Conversion Unit at 000-000-0000.
