Life Insurance for Children's Benefit Sample Clauses

Life Insurance for Children's Benefit. Until the parties' youngest child reaches the age of , each party shall maintain in effect with their surviving children as equal and irrevocable beneficiaries a policy or policies of insurance on that party's life with a face value of not less than $ . Each party shall also deliver to the other a copy of such policy or policies, or a certificate or other instrument evidencing the existence of such policy or policies and the designation of the children as beneficiaries. Each party hereby authorizes the other to be informed by the insurance company or companies with respect to the status of said policy or policies and the payment of the premiums, dues and assessments thereon and shall execute and deliver to the other party such forms, instruments and documents as may be required so that the other party may obtain full information. The parties shall also cooperate so as to require each such life insurance company to provide the other party with at least 30 days' prior written notice of any intended cancellation of any such life insurance.
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Life Insurance for Children's Benefit. Until the parties' youngest child reaches the age of __, each party shall maintain in effect with their surviving children as equal and irrevocable beneficiaries a policy or policies of insurance on that party's life with a face value of not less than $_______. Each party shall also deliver to the other a copy of such policy or policies, or a certificate or other instrument evidencing the existence of such policy or policies and the designation of the children as beneficiaries. Each party hereby authorizes the other to be Marital Settlement Agreement - 12 informed by the insurance company or companies with respect to the status of said policy or policies and the payment of the premiums, dues and assessments thereon and shall execute and deliver to the other party such forms, instruments and documents as may be required so that the other party may obtain full information. The parties shall also cooperate so as to require each such life insurance company to provide the other party with at least 30 days' prior written notice of any intended cancellation of any such life insurance.
Sample 1

Related to Life Insurance for Children's Benefit

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions.

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • 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.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Medical Insurance for Retirees The University will make available a medical insurance plan for official retirees hired prior to January 1, 2014 in the same manner and on the same basis as applies to all the University’s other official retirees. An official retiree (including early retirees) for purposes of this benefit, will be defined as any regular employee who is employed by the University at the time of retirement, who is vested in a University sponsored retirement plan and whose years of University service and age total a minimum of 75. Coverage for the spouse of the retiree or early retiree is available on the same basis as for other University official retirees. The University retains the right to modify or terminate this plan upon reasonable notice to staff and retirees.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Basic Life Insurance 37.1 The Employer shall pay one hundred percent (100%) of the monthly premium of the basic life insurance plan.

  • Survivor’s Benefits Benefits for the surviving family members of individuals who have died from COVID–19, including cash assistance to widows, widowers, or dependents of individuals who died of COVID–19.

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