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 members of the Society, and/or their spouses: (a) Life Insurance in units of $10,000 to a maximum of $200,000 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 year suicide clause. (f) Spouse cover will be available whether or not the member participates, on the same terms as for the member. (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 members of the Society, and/or their spouses: (a) Life Insurance in units of $10,000 to a maximum of $200,000 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 Pre- mium 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 year suicide clause. (f) Spouse cover will be available whether or not the member participates, on the same terms as for the member. (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 members of the Society, and/or their spouses: (a) Life Insurance in units of $10,000 to a maximum of $200,000 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 year suicide clause. (f) Spouse cover will be available whether or not the member participates, on the same terms as for the member.member.‌‌ (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 members of the Society, employees 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) Spouse cover Spousal coverage will be available whether or not the member employee participates, on the same terms as for the memberemployee to a maximum of $200,000. (g) There shall be a conversion privilege pursuant to the Plan.