Common use of SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE Clause in Contracts

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. ‌ 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.