Optional Group Life Insurance. Subject to the provisions of the Plan, eligible employees shall be entitled to purchase optional Group Life Insurance coverage in units of ten thousand dollars ($10,000) up to a maximum of two hundred and fifty thousand dollars ($250,000). The employee shall pay one hundred percent (100%) of the premiums for the optional coverage.
Optional Group Life Insurance. Participation in the Optional Group Life Insurance Plan is voluntary upon joining the Basic Group Life Insurance Plan, subject to providing satisfactory evidence of insurability.
Optional Group Life Insurance. (i) In addition to the Basic Group Life Insurance Plan under Article 47.4 (a), a Member may elect insurance in multiples of $25,000 up to a combined maximum (Basic and Optional) of $200,000. The Member shall pay the full premium cost for the amount of the Optional Group Life Insurance through payroll deduction.
(ii) A Member hired after the ratification date must, in writing, subscribe and authorize payroll deduction for the Optional Group Life Insurance in order to be covered under the Optional Group Life Insurance Plan.
(iii) A Member on leave of absence must, in writing, subscribe for and authorize payroll deduction for Optional Group Life Insurance within thirty-one (31) days of return to employment in order to be covered under the Optional Group Life Insurance Plan.
(iv) A Member not subscribing for the Optional Group Life Insurance within the time limits above may apply for coverage at a later date by making written application authorizing appropriate payroll deduction and providing evidence of insurability satisfactory to the Insurance Company. The Optional Group Life Insurance will be effective on the first day of the month following approval of the evidence of insurability by the carrier.
(v) Member may decide, in writing at any time, to cancel Optional Group Life Insurance. Such cancellation will be effective on the first (1st) day of the month following receipt by the Board of the request for cancellation.
(vi) A Member must be actively at work on the effective date of Optional Group Life Insurance. If a Member is not actively at work on the effective date, Optional Group Life Insurance will commence on the date the Member returns to work on a regular basis.
47.5 The Optional Dependent's Group Life Insurance will be increased for those Members who are presently covered to provide - $25,000 - spouse; $10,000 - each dependent child. The Member shall pay the full premium cost for such coverage.
47.6 The full amount of the E.I. Rebate shall accrue to the credit of the Board as in the past.
Optional Group Life Insurance. If a Teacher is not actively at work on the effective date, Optional Group Life Insurance will commence on the date the Teacher returns to work on a regular basis.
Optional Group Life Insurance. Employee and Spouse
Optional Group Life Insurance. The Employer will provide for regular employees an Optional Group Life Insurance Plan, of which one hundred (100%) percent of the premium cost will be paid by each participating employee.
Optional Group Life Insurance. In addition to the basic group life insurance, Employees insured for $25,000 basic life insurance may have an optional amount of insurance in increments of $10,000; from $10,000 up to and including $250,000. The premium cost of such optional coverage to be paid by the Employee.
Optional Group Life Insurance. Members may purchase optional term life insurance in multiples of $25,000.00 to a maximum of $200,000.00, subject to standard underwriting principles. Members may purchase spousal life insurance in multiples of $25,000.00 to a maximum of $150,000.00, subject to standard underwriting principles. Members may purchase life insurance for dependants to a maximum of $10,000.00 per dependant. 100% of the Optional Group Life premiums shall be paid by the Member.
Optional Group Life Insurance. The Company shall continue its arrangements to make available, the Optional Group Life Insurance set forth in this Section. In the event of any conflict between the provisions of this Section and any other provisions of this Supplemental Agreement, the provisions of this Section will supersede such other provisions to the extent they apply to this Section.
Optional Group Life Insurance. The company will make available the Optional Group Life Insurance as set forth in the attached exhibit II. In the event of any conflict between the provisions of exhibit II and any other provisions of this Insurance Program, the provisions of exhibit II will supersede such other provisions to the extent they apply to exhibit II.
