Voluntary Contributory Life Insurance a. The Employer will make available a voluntary and contributory (Employee-paid through payroll deduction) Employee age-rated life insurance program with open enrollment during the thirty
Voluntary Contributory Life Insurance a. The Employer will make available a voluntary and contributory (employee-paid through payroll deduction) employee age-rated life insurance program with open enrollment during the thirty (30) day period following the Employer provided coverage effective date, with age-rated life insurance coverage effective the first (1st) of the month following enrollment. Coverage requested in excess of $100,000 may be subject to the insurability requirements of the carrier. The maximum total of Employer-paid and employee-paid coverage will be limited to $500,000. To be eligible for voluntary and contributory coverages, the employee must have Employer provided life insurance in effect.
Voluntary Contributory Life Insurance a. The Employer will make available a voluntary and contributory (Employee-paid through payroll deduction) Employee age-rated life insurance program with open enrollment during the thirty (30) day period following the Employer-provided coverage effective date, with age-related life insurance coverage effective the first (1st) of the month following enrollment. Coverage requested in excess of one-hundred- thousand dollars ($100,000) may be subject to the insurability requirements of the carrier. The maximum total of Employer-paid and Employee-paid coverage will be limited to five-hundred-thousand dollars ($500,000). To be eligible for voluntary and contributory coverages, the Employee must have Employer-provided life insurance in effect.
