Common use of Optional Additional Life Insurance Clause in Contracts

Optional Additional Life Insurance. ‌ The following Optional Additional Life Insurance will be made available to Regular Full-Time Employees and Temporary Full-Time Employees who have completed six (6) months’ probationary employment and/or their spouses: a) Life Insurance in units of $10,000 to a maximum of $500,000 for employees and $200,000 for a spouse on any one life. b) Premiums to be paid 100% by employees by payroll deduction at rates that are competitive with market rates. Premium levels to be reviewed from time to time in conjunction with negotiations for renewal of the Collective Agreements. Premium levels are subject to change by the Carrier upon appropriate written notice. c) Evidence of insurability to require a short form questionnaire. No medical examination will be required and the applicant will either be accepted or rejected at the time of application. d) No percentage participation required of the group. e) An exclusion will be a two (2) year suicide clause. f) Spousal coverage will be available whether or not the employee participates, on the same terms as for the employee, to a maximum of $200,000. g) There shall be a conversion privilege pursuant to the Plan.

Optional Additional Life Insurance. ‌ The following Optional Additional Life Insurance will be made available to Regular Full-Time Employees and Temporary Full-Time Employees who have completed six (6) months’ probationary employment and/or their spouses: a) Life Insurance in units of $10,000 to a maximum of $500,000 for employees and $200,000 for a spouse on any one life. b) Premiums to be paid 100% by employees by payroll deduction at rates that are competitive with market rates. Premium levels to be reviewed from time to time in conjunction with negotiations for renewal of the Collective Agreements. Premium levels are subject to change by the Carrier upon appropriate written notice. c) Evidence of insurability to require a short form questionnaire. No medical examination will be required and the applicant will either be accepted or rejected at the time of application. d) No percentage participation required of the group. e) An exclusion will be a two (2) year suicide clause. f) Spousal coverage will be available whether or not the employee participates, on the same terms as for the employee, employee to a maximum of $200,000. g) There shall be a conversion privilege pursuant to the Plan.

Optional Additional Life Insurance. ‌ The following Optional Additional Life Insurance will be made available to Regular Full-Full- Time Employees and Temporary Full-Time Employees who have completed six (6) months’ probationary employment and/or their spouses: a) Life Insurance in units of $10,000 to a maximum of $500,000 for employees and $200,000 for a spouse on any one life. b) Premiums to be paid 100% by employees by payroll deduction at rates that are competitive with market rates. Premium levels to be reviewed from time to time in conjunction with negotiations for renewal of the Collective Agreements. Premium levels are subject to change by the Carrier upon appropriate written notice. c) Evidence of insurability to require a short form questionnaire. No medical examination will be required and the applicant will either be accepted or rejected at the time of application. d) No percentage participation required of the group. e) An exclusion will be a two (2) year suicide clause. f) Spousal coverage will be available whether or not the employee participates, on the same terms as for the employee, employee to a maximum of $200,000. g) There shall be a conversion privilege pursuant to the Plan.

Optional Additional Life Insurance. ‌ The following Optional Additional Life Insurance will be made available to Regular Full-Time Employees and Temporary Full-Time Employees who have completed six (6) months’ probationary employment and/or their spouses: a) Life Insurance in units of $10,000 to a maximum of $500,000 for employees and $200,000 for a spouse on any one life. b) Premiums to be paid 100% by employees by payroll deduction at rates that are competitive with market rates. Premium levels to be reviewed from time to time in conjunction with negotiations for renewal of the Collective Agreements. Premium levels are subject to change by the Carrier upon appropriate written notice. c) Evidence of insurability to require a short form questionnaire. No medical examination will be required and the applicant will either be accepted or rejected at the time of application. d) No percentage participation required of the group. e) An exclusion will be a two (2) year suicide clause. f) Spousal coverage will be available whether or not the employee participates, on the same terms as for the employee, employee to a maximum of $200,000. g) There shall be a conversion privilege pursuant to the Plan.

Optional Additional Life Insurance. ‌ The following Optional Additional Life Insurance will be made available to Regular Full-Full- Time Employees and Temporary Full-Time Employees who have completed six (6) months’ probationary employment and/or their spouses: a) Life Insurance in units of $10,000 to a maximum of $500,000 for employees and $200,000 for a spouse on any one life. b) Premiums to be paid 100% by employees by payroll deduction at rates that are competitive with market rates. Premium levels to be reviewed from time to time in conjunction with negotiations for renewal of the Collective Agreements. Premium levels are subject to change by the Carrier upon appropriate written notice. c) Evidence of insurability to require a short form questionnaire. No medical examination will be required and the applicant will either be accepted or rejected at the time of application. d) No percentage participation required of the group. e) An exclusion will be a two (2) year suicide clause. f) Spousal coverage will be available whether or not the employee participates, on the same terms as for the employee, to a maximum of $200,000. g) There shall be a conversion privilege pursuant to the Plan.