Voluntary Life Insurance. The City shall offer a voluntary supplemental life insurance plan through the flexible benefits plan for pre-tax contributions by the employees. Participation and coverage shall be in accordance with the terms and conditions of the insurance carrier. Employees may also elect pre-tax payroll deductions to support other City sponsored voluntary supplemental insurance benefits.
Voluntary Life Insurance. The College will provide a supplemental term life insurance program for faculty members. The monthly premiums will be paid 100% by the faculty member.
Voluntary Life Insurance. 1. All employees are eligible to purchase this coverage at their individual option. The plan provides protection in a flat amount equivalent to one (1) times the employee’s annual base earnings, two thousand and eighty (2,080) hours X base straight time hourly rate, rounded to the next higher even thousand dollars ($1,000) with accidental death and dismemberment provisions (AD&D). Premiums for this coverage are fully paid by the employee.
2. Coverage reduces thirty five percent (35%) of the Voluntary Life amount at age sixty five (65), fifty percent (50%) at age seventy (70), sixty five percent (65%) at age seventy five (75) and will remain at the thirty five percent (35%) level until employee retires. Employees who participate in either plan or both will be required to sign a payroll deduction authorization form for the premiums.
Voluntary Life Insurance. The employer agrees to provide opportunity for employees to access voluntary life insurance at no cost to the employer and subject to the conditions of the plan offered by the insurer. Such package will include the option to purchase additional employee life insurance to a maximum amount of two hundred and fifty thousand dollars ($250,000). If an employee purchases voluntary life insurance she may also purchase optional spousal life insurance, subject to the terms and conditions of the carrier’s plan. Benefit Amount 2x annual earnings Maximum $240,000 NEM (Non Evidence Max) $240,000 Termination The end of the first complete month, following age 65 or retirement Benefit Amount 2x annual earnings Maximum $240,000 Termination The end of the first complete month, following age 65 or retirement Benefit Amount Units of $10,000 Maximum $250,000 Termination The end of the first complete month, following age 65 or retirement Benefit Amount Increments of $10,000 Maximum $250,000 Termination To end of first complete month following age 65 of insured or employee retirement, whichever occurs first
Voluntary Life Insurance. Resident may purchase additional term life insurance for Resident and Resident’s eligible dependents as part of the PCH benefit package.
Voluntary Life Insurance. Bargaining Unit Members shall have the opportunity to purchase voluntary group life insurance coverage on a payroll deduction basis subject to the terms and conditions of the insurance company’s plan provisions. Bargaining Unit Members may be required to submit medical evidence of insurability. Payroll deduction of premiums prior to approval does not mean coverage is effective. If the carrier does not approve coverage, any premium that has been collected will be returned.
Voluntary Life Insurance. The voluntary life insurance program provided by the CSU through the insurer(s) selected by the CSU shall be offered to eligible Unit 4 employees and eligible family members. The effective date shall be in accordance with the terms of the program.
Voluntary Life Insurance. Voluntary disability insurance
Voluntary Life Insurance. In additional to basic life insurance, you may purchase voluntary life insurance up to $50,000 if you apply within 30 days from date of eligibility of benefits. This does not require medical evidence of insurability. In addition to this $50,000 you may choose another $25,000 voluntary life insurance with evidence of insurability and approved by the insurance company. You are required to pay the full premiums for this voluntary insurance with payroll deductions being made from your earnings. Premiums and any applicable taxes are subject to change in January of each year. If you elect not to apply for any additional voluntary life insurance within 30 days of eligibility you do have the option to apply later but only with evidence of insurability approval from the insurance company. This insurance will only continue while actively employed and eligible for group insurance benefits. In the event of your death any voluntary insurance in force will be payable to the beneficiary you designated in respect to your basic group life insurance.
Voluntary Life Insurance. All MHCD employees working 30+ hours per week, their spouses, domestic partners (regardless of gender - See definition of Domestic Partner in Section 19.10), and/or dependents (up to age 26) are eligible. If an employee desires additional life insurance coverage or coverage for spouse, same-sex domestic partner and/or children, coverage is available. Descriptions of available coverage limits are listed in Appendix A. Premiums are set by the insurer and are paid by the employee. Premiums are deducted from 24 pay checks per year on a pre-tax basis. Voluntary life insurance coverage begins on a schedule dictated by the insurer.
