SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE. 38.1.1 Employees, at their option, may purchase Supplementary Life Insurance in the amount of one (1), two (2) or three (3) times annual salary. The employee pays the full premium for this coverage.
38.1.2 The employee’s Supplementary Life Insurance provides:
(a) a waiver of premium on disablement to become effective after nine (9) months’ continuous disability or entitlement to Long Term Income Protection benefits, whichever comes first, and to remain in force while the employee is totally disabled until the earliest of recovery, death, or the end of the month in which the employee reaches age sixty-five (65). The premiums paid by the employee for this coverage between the date of disability and the date the premium waiver comes into force shall be refunded to the employee;
(b) a conversion option on the employee’s termination to be obtained without evidence of insurability and providing coverage up to the amount for which the employee was insured prior to termination. The premium of such policy shall be at the current rates of the insuring company. Application must be made within thirty-one (31) days of the date of termination of insurance. The Employer will advise terminating employees of this conversion privilege. The conversion option shall be as stated in Article 37.2(c) (Basic Life Insurance).
SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE. 38.1.1 Employees, at their option, may purchase Supplementary Life Insurance in the amount of one (1), two (2) or three (3) times annual salary. The employee pays the full premium for this coverage.
38.1.2 The employee’s Supplementary Life Insurance provides:
(a) a waiver of premium on disablement to become effective after nine
SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE. 34.1 The Supplementary Life Insurance Plan shall provide additional group life insurance coverage equal to the annual salary, twice the annual salary or three times the annual salary, at the choice of the employee, for those employees who choose to participate in the Plan.
34.2 An employee who participates in the Supplementary Life Insurance Plan shall pay the premium for his or her insurance coverage in the Plan.
34.3 Effective as soon as practical, following ratification, employees, at their option, are entitled to purchase dependent life insurance. Spousal life insurance choices are from $10,000 to $200,000 and dependent child life insurance choices are $1,000, $5,000, $7,500 or $10,000.
34.4 In Article 34.3, “child” means,
a) an unmarried child who is under twenty-one (21) years of age;
b) a child who is twenty-one (21) years of age or older but not yet twenty- five (25) years of age and in full-time attendance at an education institution or on vacation there from; or
c) a child who is twenty-one (21) years of age or older and who is mentally or physically infirm and dependent on the employee.
34.5 An employee who participates in the Dependents’ Life Insurance Plan shall pay the premiums for the insurance coverage provided to the employee in the Plan.
34.6 Within thirty-one (31) days of termination, employees may apply directly to the insurance carrier to elect a conversion option for supplementary life insurance and thereby obtain an individual life insurance policy without evidence of insurability. The individual policy shall provide coverage up to the amount the employee was insured prior to termination less the amount of coverage the Employer provides to eligible pensioners. The Employer shall advise all terminated employees of their right to make this conversion in writing prior to the employee’s last day of employment.
SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE. Employees, at their option, may purchase Supplementary Life Insurance in the amount of one two (2) or three (3) times annual salary. The employee pays the full premium for this coverage. a waiver of premium on disablement to become effective nine (9) months continuous disability or entitlement to Long Term Income Protection benefits, whichever comes first, and to remain in force while the employee is totally disabled until the earliest of recovery, death, or the end of the month in which the employee reaches age The premiums paid by the employee for this coverage between the date of disability and the date the premium waiver comes into force shall be refunded to the employee. a conversion option on the employee's termination to be obtained without evidence of insurability and providing coverage up to the amount for which the employee was insured prior to termination. The premium of such policy shall be at the current rates of the insuring company. Application must be made within thirty-one (31) days of the date of termination of insurance. The Employer will advise terminating employees of this conversion privilege. The conversion option shall be as stated in sub-section of Article Basic Life Insurance. The amount of Supplementary Life Insurance will be adjusted with changes in the employee's salary from the date of the approval of the increase or the effective date, whichever is later. If an employee is absent from work because of sickness or disability on the date an increase in insurance would have occurred, the increase will not take effect until the employee returns to work on a full-time basis (i.e. for at least one (1) full day). In the event of a reduction in salary, an employee, at their option, may maintain the insurance coverage at the former higher level. Supplementary Life Insurance will terminate at the earlier of either the date on which the employee ceases to be an employee or, if the employee continues to be employed after age on the first day of the month coinciding with or next following the employee's 65th birthday, except where coverage is provided under total disability, as described in above. Employees, at their option, may purchase life insurance for dependents in the amount of one thousand dollars ($1,000) on the employee's spouse and/or five hundred dollars ($500) on each dependent child, or two thousand dollars ($2,000) on the employee's spouse and/or one thousand dollars ($1,000) on each dependent child. employee pays the full pr...
SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE. 34.1 The Supplementary Life Insurance Plan shall provide additional group life insurance coverage equal to the annual salary, twice the annual salary or three times the annual salary, at the choice of the employee, for those employees who choose to participate in the Plan.
34.2 An employee who participates in the Supplementary Life Insurance Plan shall pay the premium for his or her insurance coverage in the Plan.
34.3 Effective as soon as practical, following ratification, employees, at their option, are entitled to purchase dependent life insurance. Spousal life insurance choices are from $10,000 to $200,000 and dependent child life insurance choices are $1,000, $5,000, $7,500 or $10,000.
34.4 In Article 34.3, “child” means,
SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE. 34.1 The Supplementary Life Insurance Plan shall provide additional group life insurance coverage equal to the annual salary, twice the annual salary or three times the annual salary, at the choice of the employee, for those employees who choose to participate in the Plan.
34.2 An employee who participates in the Supplementary Life Insurance Plan shall pay the premium for his or her insurance coverage in the Plan.
34.3 The Dependents’ Life Insurance Plan shall provide, in respect of each employee who chooses to participate in the Plan, life insurance coverage of,
SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE. (FPT)
66.1.1 Employees, at their option, may purchase Supplementary Life Insurance in the amount of one (1), two (2) or three (3) times annual salary. The employee pays the full premium for this coverage.
66.1.2 The employee’s Supplementary Life Insurance provides:
(a) a waiver of premium on disablement to become effective after nine
SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE. (a) Employees, at their option, may purchase Supplementary Life Insurance in the amount of one (1), two (2) or three (3) times annual salary. The employee pays the full premium for this coverage.
(b) The employee’s Supplementary Life Insurance provides:
i) a waiver of premium on disablement to become effective after nine (9) months continuous disability or entitlement to Long Term Income Protection benefits, whichever comes first and to remain in force while the employee is totally disabled until the earliest of recovery, death or the end of the month in which the employee reaches age sixty-five (65). The premiums paid by the employee for this coverage between the date of disability and the date the premium waiver comes into force shall be refunded to the employee.
ii) a conversion option on the employee’s termination to be obtained without evidence of insurability and providing coverage up to the amount for which the employee was insured prior to termination. The premium of such policy shall be at the current rates of the insuring company. Application must be made within thirty-one (31) days of the date of termination of insurance. The Employer will advise terminating employees of this conversion privilege. The conversion option shall be as stated in Article 35.2(c) of Article 35 (Basic Life Insurance).
36.2 The amount of Supplementary Life Insurance will be adjusted with changes in the employee’s salary from the date of the approval of the increase or the effective date, whichever is later. If an employee is absent from work because of sickness or disability on the date an increase in insurance would have occurred, the increase will not take effect until the employee returns to work on a full-time basis (i.e., for at least one (1) full day). In the event of a reduction in salary, an employee, at her/his option, may maintain the insurance coverage at the former higher level.
36.3 Supplementary Life Insurance will terminate at the earlier of either the end of the calendar month in which the employee ceases to be a full-time regular employee or, if the employee continues to be employed after age 65, on the first day of October following the employee’s 65th birthday, except where coverage is provided under total disability, as described in 36.1(b) (i) above.
(a) Employees, at their option, may purchase life insurance for dependents in the amount of one thousand dollars ($1,000) on the employee’s spouse and/or five hundred ($500) on each dependent child, or t...
SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE. 34.1 The Supplementary Life Insurance Plan shall provide additional group life insurance coverage equal to the annual salary, twice the annual salary or three times the annual salary, at the choice of the employee, for those employees who choose to participate in the Plan.
34.2 An employee who participates in the Supplementary Life Insurance Plan shall pay the premium for his or her insurance coverage in the Plan.
34.3 The Dependents’ Life Insurance Plan shall provide, in respect of each employee who chooses to participate in the Plan, life insurance coverage of,
a) one thousand dollars ($1,000) for the spouse of the employee and five hundred dollars ($500) for each child of the employee; or
b) two thousand dollars ($2,000) for the spouse of the employee and one thousand dollars ($1,000) for each child of the employee; whichever coverage the employee chooses.
34.4 In Section 34.3, “child” means, a) an unmarried child who is under twenty-one (21) years of age;
SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE. 34.1 The Supplementary Life Insurance Plan shall provide additional group life insurance coverage equal to the annual salary, twice the annual salary or three times the annual salary, at the choice of the employee, for those employees who choose to participate in the Plan.
34.2 An employee who participates in the Supplementary Life Insurance Plan shall pay the premium for his or her insurance coverage in the Plan.
34.3 The Dependents’ Life Insurance Plan shall provide, in respect of each employee who chooses to participate in the Plan, life insurance coverage of,
a) one thousand dollars ($1,000) for the spouse of the employee and five hundred dollars ($500) for each child of the employee; or
b) two thousand dollars ($2,000) for the spouse of the employee and one thousand dollars ($1,000) for each child of the employee; whichever coverage the employee chooses.
34.4 In Section 34.3, ?child? means,
a) an unmarried child who is under twenty-one (21) years of age;
b) a child who is twenty-one (21) years of age or older but not yet twenty-five (25) years of age and in full time attendance at an education institution or on vacation therefrom; or
c) a child who is twenty-one (21) years of age or older and who is mentally or physically infirm and dependent on the employee.
34.5 An employee who participates in the Dependents’ Life Insurance Plan shall pay the premiums for the insurance coverage provided to the employee in the Plan.
34.6 Within thirty-one (31) days of termination, employees may apply directly to the insurance carrier to elect a conversion option for supplementary life insurance and thereby obtain an individual life insurance policy without evidence of insurability. The individual policy shall provide coverage up to the amount the employee was insured prior to termination less the amount of coverage the Employer provides to eligible pensioners. The Employer shall advise all terminated employees of their right to make this conversion in writing prior to the employee’s last day of employment.
