Group Life Insurance Option Sample Clauses

Group Life Insurance Option. A Principal who retires under the terms of this Article shall be eligible to continue participation in the District group life insurance plan until age 65. The full cost of such coverage is to be paid by the retired individual.
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Group Life Insurance Option. An Instructional Program Supervisors who retires under the terms of this Article shall be eligible to continue participation in the District group life insurance plan until age 65. The full cost of such coverage is to be paid by the retired individual.
Group Life Insurance Option. At the employees option and expense full time employees may take up to four (4)additional units of life insurance over and above the base pending approval of the carrier.

Related to Group Life Insurance Option

  • Optional Group Life Insurance Subject to the provisions of the Plan, eligible employees shall be entitled to purchase optional Group Life Insurance coverage in units of ten thousand dollars ($10,000) up to a maximum of two hundred and fifty thousand dollars ($250,000). The employee shall pay one hundred percent (100%) of the premiums for the optional coverage.

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

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