Common use of Term Life Insurance for Retirees Clause in Contracts

Term Life Insurance for Retirees. The School District agrees to offer a $10,000 term life insurance policy for retirees until age 70, paid for by the retiree, with the understanding that this benefit is subject to the School District being able to secure this coverage in future years.

Term Life Insurance for Retirees. The Commencing July 1, 1995, the School District agrees to offer a $10,000 term life insurance policy for retirees retirees, eligible for life insurance when employed, until age 70, paid for by the retiree, with the understanding that this benefit is subject to the School District being able to secure this coverage in future yearswith an insurance company.

Term Life Insurance for Retirees. The School District agrees agreed to offer a $10,000 term life insurance policy for retirees until age 70, paid for by the retiree, with the understanding that this benefit is subject to the School District being able to secure this coverage in future years.