Common use of Life Insurance Coverage Clause in Contracts

Life Insurance Coverage. The City agrees to provide each full-time Unit member with term life insurance coverage of not less than one hundred thousand ($100,000.00), subject to the requirements of the insurance carrier. A Unit member shall have the right to purchase supplemental term life insurance, up to the appropriate limit, using monies remaining from the monthly sum originally provided by the City for the Unit member’s health insurance. The City shall continue to offer additional life insurance programs already offered for Unit member purchase.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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Life Insurance Coverage. The City agrees to provide each full-time Unit member with term life insurance coverage of not less than one hundred thousand ($100,000.00), subject to the requirements of the insurance carrier. A Unit member shall have the right to purchase supplemental term life insurance, up to the appropriate limit, using monies remaining from the monthly sum originally provided by the City for the Unit member’s health insuranceinsurance with any balance to be paid at the Unit member’s expense, subject to the requirement of the insurance carrier. The City shall continue to offer additional life insurance programs already offered for Unit member purchase.

Appears in 1 contract

Samples: Memorandum of Understanding

Life Insurance Coverage. The City agrees to provide each fullFull-time Time Unit member with term life insurance coverage of not less than one hundred thousand dollars ($100,000.00), ) subject to the requirements of the insurance carrier. A Unit member shall have the right to purchase supplemental term life insurance, up to the appropriate limit, using monies remaining from the monthly sum originally provided by the City for the Unit member’s health insuranceinsurance with any balance to be paid at the Unit member’s expense, up to whatever amount the insurance company provides, subject to any requirements of the insurance carrier. The City shall continue to offer additional life insurance programs already offered for Unit member purchase.

Appears in 1 contract

Samples: Memorandum of Understanding

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Life Insurance Coverage. The City agrees to provide each full-time Unit member with term life insurance coverage of not less than one hundred thousand ($100,000.00), subject to the requirements of the insurance carrier. A Unit member shall have the right to purchase supplemental term life insurance, up to the appropriate limit, using monies remaining from the monthly sum originally provided by the City for the Unit member’s 's health insuranceinsurance with any balance to be paid at the Unit member's expense, subject to the requirement of the insurance carrier. The City shall continue to offer additional life insurance programs already offered for Unit member purchase.

Appears in 1 contract

Samples: Memorandum of Understanding

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