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 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 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. 2. The Employer will pay the full insurance policy premium for each regular full time employee or SUCCESS employee to provide an individual long-term disability program. Employee benefit payment period for disability due to accident or illness will in no case extend beyond the benefit payment period stated below: Age (at disability) Maximum Benefit Payment 60 and under Benefit disability as described by carrier Accident to age 65 Illness to age 65 61 To age 65, but not less than 5 years 62 3 years, 6 months 63 3 years 64 2 years, 6 months 65 2 years 66 1 year, 9 months 67 1 year, 6 months 68 1 year, 3 months 69 1 year

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 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. 2. The Employer will pay the full insurance policy premium for each regular full time employee or SUCCESS employee to provide an individual long-term disability program. Employee benefit payment period for disability due to accident or illness will in no case extend beyond the benefit payment period stated below: Age (at disability) Maximum Benefit Payment 60 and under Benefit disability as described by carrier Accident to age 65 Illness to age 65 61 To age 65, but not less than 5 years 62 3 years, 6 months 63 3 years 64 2 years, 6 months 65 2 years 66 1 year, 9 months 67 1 year, 6 months 68 1 year, 3 months 69 1 year

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 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. 2. The Employer will pay the full insurance policy premium for each regular full time employee or SUCCESS employee to provide an individual long-term disability program. Employee benefit payment period for disability due to accident or illness will in no case extend beyond the benefit payment period stated below: Age (at disability) Maximum Benefit Payment 60 and under Benefit disability as described by carrier Accident to age 65 Illness to age 65 61 To age 65, but not less than 5 years 62 3 years, 6 months 63 3 years 64 2 years, 6 months 65 2 years 66 1 year, 9 months 67 1 year, 6 months 68 1 year, 3 months 69 1 year