Common use of Plan Coverage Descriptions Clause in Contracts

Plan Coverage Descriptions. The level of coverage indicated as default levels shall be applied to all regular employees unless they make a selection otherwise. 9.4.7.1 Life Insurance - to a maximum of age 65. 9.4.7.1.1 Mandatory coverage is $5,000. 9.4.7.1.2 Default level is the maximum coverage available without a medical examination. 9.4.7.1.3 Options; up to two (2) additional $50,000 units above the mandatory coverage without a medical examination, and up to an additional four (4) $50,000 units with a medical examination. The maximum coverage is $305,000. 9.4.7.1.4 All employees enrolled in the Life Insurance Plan as at April 1, 1992 are entitled to coverage of $155,000 without a medical examination. 9.4.7.1.5 A normal conversion privilege shall be provided within thirty-one (31) days after termination of, or retirement from, employment. 9.4.7.1.6 Subject to approval of the carrier(s) and to there being no additional cost to the College, spouses of employees will be provided access to life insurance coverage at group insurance rates. The cost of premiums will be the responsibility of the employee.

Plan Coverage Descriptions. The level of coverage indicated as default levels shall be applied to all regular employees unless they make a selection otherwise. 9.4.7.1 Life Insurance - to a maximum of age 65. 9.4.7.1.1 Mandatory coverage is $5,000. 9.4.7.1.2 Default level is the maximum coverage available without a medical examination. 9.4.7.1.3 Options; up to two (2) additional $50,000 units above the mandatory coverage without a medical examination, and up to an additional four (4) $50,000 units with a medical examination. The maximum coverage is $305,000. 9.4.7.1.4 All employees enrolled in the Life Insurance Plan as at April 1, 1992 are entitled to coverage of $155,000 without a medical examination. 9.4.7.1.5 A normal conversion privilege shall be provided within thirty-thirty- one (31) days after termination of, or retirement from, employment. 9.4.7.1.6 Subject to approval of the carrier(s) and to there being no additional cost to the College, spouses of employees will be provided access to life insurance coverage at group insurance rates. The cost of premiums will be the responsibility of the employee.