Common use of Group Life Insurance and Accidental Death and Dismemberment Clause in Contracts

Group Life Insurance and Accidental Death and Dismemberment. (A) The Employer shall provide Group Life Insurance for all permanent employees of the bargaining unit in the amount of two times (2x) annual salary to a maximum of one hundred thousand dollars ($100,000). All permanent employees of the bargaining unit shall also be eligible for Accidental Death and Dismemberment coverage in the amount of two times (2x) annual salary to a maximum of one hundred thousand dollars ($100,000). The City of Moncton shall pay one hundred percent (100%) of costs of the premiums for this insurance. This coverage terminates as defined under the terms of the policy. This Article does not apply to casual employees. (B) Casual employees shall be insured for a total of fifty thousand dollars ($50,000) as a flat amount under the Group Life Plan and a total of fifty- thousand dollars ($50,000) as a flat amount in the case of Accidental Death & Dismemberment. The City of Moncton will pay one hundred percent (100%) of the premiums for this insurance. This coverage terminates as defined under the terms of the policy.

Group Life Insurance and Accidental Death and Dismemberment. (A) The Employer employer shall provide Group Life Insurance for all permanent employees of the bargaining unit in the amount of two times (2x2) time annual salary to a maximum of one hundred thousand dollars ($100,000). All permanent employees of the bargaining unit shall also be eligible for Accidental Death and Dismemberment coverage in the amount of two (2) times (2x) annual salary to a maximum of one hundred thousand dollars ($100,000). The City of Moncton shall pay one hundred percent (100%) % of costs of the premiums for this insurance. This coverage terminates as defined under the terms of the policy. This Article does not apply to casual Casual employees. (B) Casual employees shall be insured for a total of fifty thousand dollars ($50,000) 50,000 as a flat amount under the Group Life Plan and a total of fifty- thousand dollars ($50,000) 50,000 as a flat amount in the case of Accidental Death & Dismemberment. The City of Moncton will pay one hundred percent (100%) % of the premiums for this insurance. This coverage terminates as defined under the terms of the policy.