Common use of Optional Life Insurance Clause in Contracts

Optional Life Insurance. The Employer agrees to provide coverage for purchase by employees for insurance for employees and their eligible dependant spouse in units of $10,000 to a maximum of $700,000 per covered individual provided the employee pays the full premium.

Optional Life Insurance. The Employer agrees to provide coverage for the purchase by employees for insurance for employees and their eligible dependant spouse in units of $10,000 to a maximum of $700,000 per covered individual provided the employee pays the full premium.

Optional Life Insurance. The Employer agrees Benefit is optional for an employee to provide coverage for purchase by employees for additional insurance for employees and their eligible dependant spouse in units increments of $10,000 10,000.00 to a maximum of $700,000 per covered individual provided 150,000.00 coverage for the employee pays and/or spouse in accordance with the full premiumregulations and costs of the plan carrier. Premium is 100% employee paid.