Term Insurance. The School District shall pay the full premium for a $50,000 term life insurance policy for all Association members; in addition, each administrator shall take an additional $50,000 term life insurance policy from the current life insurance carrier to be paid by payroll deduction; an adjustment in salary covering the amount of the additional premium will be paid for by the district. Each member shall have the right to purchase up to an additional $40,000 of term life insurance under this policy at the member’s own expense. Additionally, dependent term insurance is available as described on Appendix B at the employee’s expense.
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Samples: resources.finalsite.net, Master Contract, www.winonaschools.org
