Common use of Voluntary Life Insurance Coverage Clause in Contracts

Voluntary Life Insurance Coverage. Employees who are participating in the group life insurance plan may elect additional group life insurance overage for themselves and/or their spouse by payment of the necessary premiums by means of payroll deductions in increments of ten thousand dollars ($10,000) to a maximum of three hundred thousand dollars ($300,000) in accordance with the terms of the contract with the insuring company.

Voluntary Life Insurance Coverage. Employees who are participating in the group life insurance plan may elect additional group life insurance overage coverage for themselves and/or their spouse spouses by payment of the necessary premiums by means of payroll deductions in increments of ten thousand dollars ($10,000) 10,000 to a maximum of three hundred thousand dollars ($300,000) 250,000 in accordance with the terms of the contract with the insuring company.

Voluntary Life Insurance Coverage. Employees who are participating in the group life insurance plan may elect additional group life insurance overage coverage for themselves and/or their spouse by payment of the necessary premiums by means of payroll deductions in increments of ten thousand dollars ($10,000) 10,000 to a maximum of three hundred thousand dollars ($300,000) 300,000 in accordance with the terms of the contract with the insuring company.

Voluntary Life Insurance Coverage. Employees who are participating in the group life insurance plan may elect additional group life insurance overage coverage for themselves and/or their spouse by payment of the necessary premiums by means of payroll deductions in increments of ten thousand dollars ($10,000) to a maximum of three hundred thousand dollars ($300,000) in accordance with the terms of the contract with the insuring company.