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.
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.
SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE. (a) 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. The employee's Supplementary Life Insurance provides: 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 (...
