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

Life Insurance, Accidental Death and Dismemberment. (a) The cost of premiums for the $50,000 Basic Group Life Insurance including Accidental Death and Dismemberment coverage shall be shared on the basis of 10% by the teacher and 90% by the Board for teachers working 60% or more of full-time; teachers working less than 60% of full-time will receive 45% assistance on the cost of premiums. (b) Subject to availability from the insurance carrier and eligibility, a teacher may acquire Optional Life Insurance paid 100% by the employee in multiple units of $25,000 to a maximum of $200,000. (c) The cost of premiums for Dependent Life Insurance of $2,000 for spouse and $1,000 for each child over fourteen (14) days of age shall be shared on the basis of 15% by the teachers and 85% by the Board for teachers working 60% or more of full-time. Teachers working less than 60% of full-time will receive 42.5% assistance on the cost of premiums. (d) An additional Dependent Life Insurance of $10,000 for spouse and $5,000 for each child over fourteen (14) days of age provided that the participating teacher pays 100% of the premium cost.

Life Insurance, Accidental Death and Dismemberment. (a) The cost of premiums for the $50,000 Basic Group Life Insurance including Accidental Death and Dismemberment coverage shall be shared on the basis of 10% by the teacher and 90% by the Board for teachers working 60% or more of full-time; teachers working less than 60% of full-time will receive 45% assistance on the cost of premiums. (b) Subject to availability from the insurance carrier and eligibility, a teacher may acquire Optional Life Insurance paid 100% by the employee in multiple units of $25,000 to a maximum of $200,000. (c) The cost of premiums for Dependent Life Insurance of $2,000 for spouse and $1,000 for each child over fourteen (14) days of age shall be shared on the basis of 15% by the teachers and 85% by the Board for teachers working 60% or more of full-time. Teachers working less than 60% of full-time will receive 42.5% assistance on the cost of premiums. (d) An additional Dependent Life Insurance of $10,000 for spouse and $5,000 for each child over fourteen (14) days of age provided that the participating teacher pays 100% of the premium cost.fourteen

Life Insurance, Accidental Death and Dismemberment. (a) The cost of premiums for the $50,000 Basic Group Life Insurance including Accidental Death and Dismemberment coverage shall be shared on the basis of 10% by the teacher and 90% by the Board for teachers working 60% or more of full-time; teachers working less than 60% of full-time will receive 45% assistance on the cost of premiums. (b) Subject to availability from the insurance carrier and eligibility, a teacher may acquire Optional Life Insurance paid 100% by the employee in multiple units of $25,000 to a maximum of $200,000. (c) The cost of premiums for Dependent Life Insurance of $2,000 for spouse and $1,000 for each child over fourteen (14) days of age shall be shared on the basis of 15% by the teachers and 85% by the Board for teachers working 60% or more of full-time. Teachers working less than 60% of full-time will receive 42.5% assistance on the cost of premiums. (d) An additional Dependent Life Insurance of $10,000 8,000 for spouse and $5,000 4,000 for each child over fourteen (14) days of age provided that the participating teacher pays 100% of the premium cost.