Group Life Insurance. (a) The Employer shall provide a group life insurance plan. (b) The plan shall provide basic life insurance in the amount of $50,000 and standard 24 hour accidental death and dismemberment insurance. Coverage shall continue until termination of employment. On termination of employment (including 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 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. (c) The Employer shall pay 100% of the premium.
Appears in 14 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Group Life Insurance.
(a) The Employer shall provide a group life insurance plan.
(b) The plan shall provide basic life insurance in the amount of fifty thousand dollars ($50,000 50,000) and standard 24 twenty-four (24) hour accidental death and dismemberment insurance. Coverage shall continue until termination of employment. On termination of employment (including 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 of 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.
(c) The Employer shall pay one hundred percent (100% %) of the premium.
Appears in 6 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Group Life Insurance.
(a) The Employer shall provide a group life insurance plan.
(b) The plan shall provide basic life insurance in the amount of $50,000 and standard 24 hour accidental death and dismemberment insurance. Coverage shall continue until termination of employment. On termination of employment (including 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 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.
(c) The Employer shall pay 100% of the premium.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Group Life Insurance.
(a) The Employer shall provide a group life insurance plan.
(b) The plan shall provide basic life insurance in the amount of $50,000 and standard 24 hour hours accidental death and dismemberment insurance. Coverage shall continue until termination of employment. On termination of employment (including 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 of part of his/her their 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.
Appears in 1 contract
Samples: Collective Agreement
