Common use of Optional Dependent Life Insurance Clause in Contracts

Optional Dependent Life Insurance. Subject to the conditions of the insurance underwriters, a teacher who retires from the Board prior to age sixty-five (65) may retain coverage under the Group Life Insurance Plan and the Supplementary Medical and Semi-Private Hospital Plan, provided the teacher had coverage at the time of retirement, until the teacher attains the age of sixty-five (65) years. The retired teacher must pay, in advance, subject to Board policy, the full premium cost to maintain participation and coverage under the group contract.

Optional Dependent Life Insurance. Subject to the conditions of the insurance underwriters, a teacher who retires from the Board prior to age sixty-sixty- five (65) may retain coverage under the Group Life Insurance Plan and the Supplementary Medical and Semi-Semi- Private Hospital Plan, provided the teacher had coverage at the time of retirement, retirement until the teacher attains the age of sixty-five (65) years. The retired teacher must pay, in advance, subject to Board policy, the full premium cost to maintain participation and coverage under the group contract.