Common use of Life Insurance and Disability Coverage Clause in Contracts

Life Insurance and Disability Coverage. 1. The Employer will pay the full insurance policy premium for each regular full time employee to provide $30,000 individual life insurance. Further, each employee will be allowed to purchase through payroll deduction a maximum of $100,000 additional insurance. To be eligible for additional insurance, the employee must qualify under the rules and regulations of the respective carrier, which includes both the provision of medical evidence sufficient to assure insurability, and enrollment in accord with a schedule of rates as provided by the carrier.

Life Insurance and Disability Coverage. 1. The Employer will pay the full insurance policy premium for each regular full full-time employee to provide $30,000 individual life insurance. Further, each employee will be allowed to purchase purchase, through payroll deduction a maximum of $100,000 additional insurance. To be eligible for additional insurance, the employee must qualify under the rules and regulations of the respective carrier, carrier which includes both the provision of medical evidence sufficient to assure insurability, insurability and enrollment in accord with a schedule of rates as provided by the carrier.

Life Insurance and Disability Coverage. 1. The Employer will pay the full insurance policy premium for each regular full time employee or SUCCESS employee to provide $30,000 individual life insurance. Further, each employee or SUCCESS employee will be allowed to purchase through payroll deduction a maximum of $100,000 additional insurance. To be eligible for additional insurance, the employee or SUCCESS employee must qualify under the rules and regulations of the respective carrier, carrier which includes both the provision of medical evidence sufficient to assure insurability, insurability and enrollment in accord with a schedule of rates as provided by the carrier.

Life Insurance and Disability Coverage. 1. The Employer will pay the full insurance policy premium for each regular full time employee to provide $30,000 individual life insurance. Further, each employee will be allowed to purchase through payroll deduction a maximum of $100,000 additional insurance. To be eligible for additional insurance, the employee must qualify under the rules and regulations of the respective carrier, carrier which includes both the provision of medical evidence sufficient to assure insurability, insurability and enrollment in accord with a schedule of rates as provided by the carrier.

Life Insurance and Disability Coverage. 1. The Employer will pay the full insurance policy premium for each regular full time employee or SUCCESS employee to provide $30,000 individual life insurance. Further, each employee or SUCCESS employee will be allowed to purchase through payroll deduction a maximum of six additional insurance increments of $100,000 additional insurance5,000 to a sum total of $60,000. To be eligible for additional insurance, the employee or SUCCESS employee must qualify under the rules and regulations of the respective carrier, carrier which includes both the provision of medical evidence sufficient to assure insurability, insurability and enrollment in accord with a schedule of rates as provided by the carrier.

Life Insurance and Disability Coverage. 1. The Employer will pay the full insurance policy premium for each regular full time employee to provide $30,000 individual life insurance. Further, each employee will be allowed to purchase through payroll deduction a maximum of three additional insurance increments of $100,000 additional insurance5,000 to a sum total of $45,000. To be eligible for additional insurance, the employee must qualify under the rules and regulations of the respective carrier, carrier which includes both the provision of medical evidence sufficient to assure insurability, insurability and enrollment in accord with a schedule of rates as provided by the carrier.