Life and Accidental Death & Dismemberment Sample Clauses

Life and Accidental Death & Dismemberment. (AD&D) Insurance.
Sample 1
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Life and Accidental Death & Dismemberment. The City will maintain a policy which provides a death benefit equal to two (2) times an employee’s annual base salary. The City will pay the entire premium for this coverage.
Sample 1Sample 2
Life and Accidental Death & Dismemberment. Insurance METRO shall provide term life insurance in the amount of $25,000 and accidental death & dismemberment insurance in the amount of $50,000 for twenty-four (24) hour coverage. Supplemental coverages will be made available and the cost shall be paid by the Operator. Plan coverages shall be reduced by fifty percent (50%) upon attaining age 70.
Sample 1
Life and Accidental Death & Dismemberment. Type of Benefit Amount Life Insurance $60,000 Accidental Death & Dismemberment/Double Indemnity $60,000 Payment of the benefit is based upon the terms of the applicable Policy then in effect. Effective January 1, 2020, the sole health insurance plan offered by the City to Officers is the PPO Plan currently in effect. Officers will continue to receive the hearing, dental, vision, and prescription coverage currently in effect. The PPO Plan shall contain a deductible carryover provision. If a participant satisfies the deductible in October through December of the calendar year, such paid deductible will satisfy the following calendar year's deductible for claims involving the same illness or injury. The participant fees under the PPO Plan are as follows: In Network Out of Network Calendar Year Deductible (Single/Family) $100/$200 $200/$400 Co-insurance Out of Pocket Includes coinsurance amounts; when this is satisfied no other coinsurance is required. (Single/Family) $l ,000/ $2,000 $2,000/$4,000 Total Out of Pocket Maximum Includes coinsurance, copays & deductibles (Single/Family) $2,600/$5,200 In Network Out of Network Coinsurance Level (Plan pays) 90% 70% Primary Care Physician Co-Pay $10.00 70% Specialist Co-Pay $20.00 70% Inpatient Hospitalization (Plan pays) 90% after deductible 70% after deductible Outpatient Surgery (Plan pays) 90% after deductible 70% after deductible Diagnostic Laboratory/Radiology (Plan pays) 90% after deductible 70% after deductible Outpatient Diagnostic X-Ray/ Complex imaging (Plan pays) 90% after deductible 70% after deductible Urgent Care $50.00 $50.00 Emergency Room Visit (waived if admitted) $75.00 70% after deductible
Sample 1
Life and Accidental Death & Dismemberment. $50,000 effective October 1, 2001.
Sample 1
Life and Accidental Death & Dismemberment. Beginning on the first of the month following the first day of employment, the Organization will pay 100% of the premiums of Life and Accidental Death and Dismemberment (AD&D) insurance coverage to all employees who work a minimum of thirty (30) hours per week. The value of the AD&D plan is 100% of the employee’s annual earnings. The value of the Life Insurance plan is 100% of the employee’s annual earnings. Employees who work fewer than thirty (30) hours per week on a regular basis are not eligible for this coverage. Eligible employees may not opt out of this benefit.
Sample 1
Life and Accidental Death & Dismemberment. The Employer agrees to pay the full premium for term Life Insurance and Accidental Death and Dismemberment Insurance after six (6) consecutive months of service for all regular full time employees in the amount of $45,000 or one times annual salary, whichever is greater. Said insurance to become effective the first of the month following six (6) consecutive months of employment as a regular employee in accordance with the plan documents. The Employer has the right to change the provider and/or plans, provided that substantially equivalent coverage is maintained.
Sample 1
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Life and Accidental Death & Dismemberment. Each employee is provided with $50,000 (fifty thousand) life insurance and $50,000 (fifty thousand) accidental death & dismemberment insurance paid for by the City. Each employee shall have the option, at his or her own expense, to purchase additional amounts of life insurance and accidental death & dismemberment insurance to the extent provided by the City’s current providers. Evidence of insurability is contingent upon total participation in additional amounts.
Sample 1

Related to Life and Accidental Death & Dismemberment

  • Group Life and Accidental Death and Dismemberment (a) The Employer will pay 100% of the premiums for the group life and accidental death and dismemberment insurance plans. (b) The plan will provide basic life insurance in the amount of $50,000 and standard 24 hour accidental death and dismemberment insurance until age 65. At the age of 65 the amount of coverage will decrease to $25,000 until the age of 70, at which time the group insurance coverage will cease. Employees may purchase additional insurance provided this option is available by the carrier. The Employer will deduct the appropriate amount from the employee's pay for this option. (c) On termination of employment (excluding retirement) coverage for group life will 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 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. (d) Employees will be entitled to advance payment of Group Life Benefits in accordance with Memorandum of Agreement #7 (Re: Advance Payment of Group Life Benefits).

  • Basic Life and Accidental Death and Dismemberment Coverage The Employer agrees to provide and pay for the following term life coverage and accidental death and dismemberment coverage for all employees eligible for an Employer Contribution, as described in Section 3. Any premium paid by the State in excess of fifty thousand dollars ($50,000) coverage is subject to a tax liability in accord with Internal Revenue Service regulations. An employee may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accord with Minnesota Management & Budget procedures. The basic life insurance policy will include an accelerated benefits agreement providing for payment of benefits prior to death if the insured has a terminal condition. $10,000 - $15,000 $15,000 $15,000 $15,001 - $20,000 $20,000 $20,000 $20,001 - $25,000 $25,000 $25,000 $25,001 - $30,000 $30,000 $30,000 $30,001 - $35,000 $35,000 $35,000 $35,001 - $40,000 $40,000 $40,000 $40,001 - $45,000 $45,000 $45,000 $45,001 - $50,000 $50,000 $50,000 $50,001 - $55,000 $55,000 $55,000 $55,001 - $60,000 $60,000 $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - $75,000 $75,000 $75,000 $75,001 - $80,000 $80,000 $80,000 $80,001 - $85,000 $85,000 $85,000 $85,001 - $90,000 $90,000 $90,000 Over $90,000 $95,000 $95,000

  • Accidental Death and Dismemberment Coverage An employee may purchase accidental death and dismemberment coverage that provides principal sum benefits in amounts ranging from five thousand dollars ($5,000) to one hundred thousand dollars ($100,000). Payment is made only for accidental bodily injury or death and may vary, depending upon the extent of dismemberment. An employee may also purchase from five thousand dollars ($5,000) to twenty-five thousand dollars ($25,000) in coverage for his/her spouse, but not in excess of the amount carried by the employee.

  • Accidental Death and Dismemberment The Employer agrees to provide all active full-time employees with Accidental Death and Dismemberment benefit coverage equal to one (1) times their annual earnings in case of accidental death. Coverage is also provided for other losses such as speech and hearing, use of arms and legs, etc.

  • Accidental Death and Dismemberment Insurance The plan provides accidental death and dismemberment insurance coverage in an amount equal to your basic group life insurance (two times your current annual salary). Coverage is provided 24 hours per day, anywhere in the world, for any accident resulting in death, dismemberment, paralysis, loss of use, or loss of speech or hearing. If you sustain an injury caused by an accident occurring while the policy is in force which results in one of the following losses, within 365 days of the accident, the benefit shown will be paid to you. In the case of accidental death, the benefit will be paid to the beneficiary you have named to receive your group life insurance benefits. Benefits are payable in accordance with the following schedule: · Life · Both Hands or Both Feet · Entire Sight of Both Eyes · One Hand and One Foot · One Hand and Entire Sight of One Eye · One Foot and Entire Sight of One Eye · Speech and Hearing in Both Ears · Use of Both Arms or Both Legs or Both Hands · Quadriplegia (total paralysis of both upper and lower limbs) · Paraplegia (total paralysis of both lower limbs) · Hemiplegia (total paralysis of upper and lower limbs of one side of the body) · One Arm or One Leg · Use of One Arm or One Leg · One Hand or One Foot · Entire Sight of One Eye · Speech or Hearing in Both Ears · Use of One Hand or One Foot · Thumb and Index Finger of One Hand · Four Fingers of One Hand

  • Long-term Disability Coverage New employees may enroll in long-term disability insurance by their initial effective date of coverage. Employees who become eligible for insurance may enroll in long-term disability insurance within thirty (30) days of their initial effective date as defined in this Article, Section 5C. An employee who is insurance eligible and moves from a temporary position to a permanent position will be allowed to enroll in long-term disability coverage within thirty (30) days of the event without providing evidence of insurability. The terms are the same as for employees who wish to add/increase during the annual open enrollment. During open enrollment only, an employee may purchase long-term disability coverage that provides benefits of from three hundred dollars ($300) to seven thousand dollars ($7,000) per month, based on the employee's salary, commencing on the 181st calendar day of total disability, and not subject to evidence of insurability but with a limited term pre-existing condition exclusion. Employees should be aware that other wage replacement benefits, as described in the certificate of coverage (i.e., Social Security Disability, Minnesota State Retirement Disability, etc.), may result in a reduction of the monthly benefit levels purchased. In any event, the minimum is the greater of three hundred dollars ($300) or fifteen (15) percent of the amount purchased. The minimum benefit will not be reduced by any other wage replacement benefit. In the event that the employee becomes totally disabled before age seventy (70), the premiums on this benefit shall be waived.

  • Life and Disability Insurance The Company will provide term life and disability insurance payable to the Employee, in each case in an amount up to a maximum of one times the Employee’s base salary in effect from time to time, provided however, that such amount will be reduced by the amount of any life insurance or death or disability benefit coverage, as applicable, that is provided to the Employee under any other benefit plans or arrangements of the Company. Such policies will be in accordance with the Company’s standard policies from time to time with respect to such insurance and the rules established for individual participation in such plans and under applicable law.

  • Optional Life and Disability Coverages In order for coverage to become effective, the employee must be in active payroll status and not using sick leave on the first day following approval by the insurance company. If it is an open enrollment period, coverage may be applied for but will not become effective until the first day of the employee's return to work.

  • Long Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • 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.

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