Common use of Voluntary Life Insurance Clause in Contracts

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.

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.

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 '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.