Option to Purchase Insurance. Bargaining unit members not eligible for Board-paid insurance coverage may purchase MESSA Choices health coverage, only, (not the MESSA PAK), excluding dental and vision, at his/her own expense, not to exceed the cost of the benefit that the district is charged for any other member in that category, i.e., Full Family; two-person; single person. For example, a single person choosing single person coverage would pay the single person rate. An employee purchasing insurance shall pay for it on a monthly basis, in advance, by money order, check, or payroll deduction.
Option to Purchase Insurance. Bargaining unit members not eligible for Board-paid insurance coverage may VBPS PPO zero deductible (COFINITY) (includes health coverage, only, not dental or vision) at his/her own expense, not to exceed the cost of the benefit that the district is charged for any other member in that category, i.e., full family; two-person; single person. For example, a single person choosing single person coverage would pay the single person rate. An employee purchasing insurance shall pay for it on a monthly basis, in advance, by money order, check, or payroll deduction.
Option to Purchase Insurance. On the Rider Anniversary after a Child's 21st birthday, that Child will have the option to purchase an insurance contract issued by us or Lutheran Brotherhood on his or her life with no evidence of insurability required. This option to purchase will be effective for 31 days. If the Child dies while this option is in effect and before the option has been exercised, we will pay the amount of Child Term Insurance or Child Paid-Up Term Insurance to the Child's beneficiary. This option is subject to the following: 1) Written application must be made to us at our Home Office. 2) No premium may be in default on the date of purchase. 3) The new contract's date of issue will be the date of purchase. The issue age will be the Child's age last birthday on that date. Premiums will be based on rates in effect on the date of purchase. 4) The new contract will have its own Incontestability and Suicide provisions measured from the date of issue. As used in those provisions, the date of issue will be the date of issue of this rider. (continued) VR3-YC-CIB-1 (97) Contract Number: V1234567 ---------------------------------------------------------------------------- CHILD TERM LIFE INSURANCE BENEFIT (continued) ---------------------------------------------------------------------------- 5. OPTION TO PURCHASE INSURANCE (continued). 5) The amount of the new contract may not exceed five times the amount of the Child Term Insurance. 6) The new contract may be any life insurance contract offered at the time of purchase. 7) If the new contract is a whole life insurance contract with premiums payable to at least age 85, then the new contract may contain a disability waiver benefit rider. However, the disability waiver benefit rider on the new contract will not cover disability resulting from injury or disease occurring prior to the date of purchase. No other additional benefits will be allowed on the new contract unless evidence of insurability which meets our standards is provided. 6.
Option to Purchase Insurance. On the Rider Anniversary after a Child's 21st birthday, that Child will have the option to purchase an insurance contract on his or her life with no evidence of insurability required. This option to purchase will be effective for 31 days. If the Child dies while this option is in effect and before the option has been exercised, we will pay the amount of Child Term Insurance or Child Paid-Up Term Insurance to the Child's beneficiary. This option is subject to the following: 1) Written application must be made to us at our Home Office. 2) No premium may be in default on the date of purchase. 3) The new contract's date of issue will be the date of purchase. The issue age will be the Child's age last birthday on that date. Premiums will be based on rates in effect on the date of purchase. 4) The new contract will have its own Incontestability and Suicide provisions measured from the date of issue. As used in those provisions, the date of issue will be the date of issue of this rider. (continued) WR3-VC-CIB-1 (97)
Option to Purchase Insurance. Bargaining unit members not eligible for Board-paid insurance coverage may purchase VBPS PPO Zero deductible (BCBS), VBPS HSA $1400/$2800 (BCBS), or VBPS HSA $2500/$5000 (BCBS, District contributes $250/$500 to HSA); (includes health coverage, only, not dental or vision) at his/her own expense, not to exceed the cost of the benefit that the district is charged for any other member in that category, i.e., full family; two-person; single person. For example, a single person choosing single person coverage would pay the single person rate. An employee purchasing insurance shall pay for it on a monthly basis, in advance, by money order, check, or payroll deduction.
