Group Life Insurance definition

Group Life Insurance means an insurance contract
Sample 1Sample 2Sample 3
Group Life Insurance means death or disability insurance held by us in respect of a Member (on a group or individual basis).
Sample 1Sample 2Sample 3
Group Life Insurance fully funded by the University at the core level (1.0x base annual salary); employee pays additional premium for optional coverage amounts. Long Term Disability: fully funded at the 67% level.
Sample 1Sample 2Sample 3

Examples of Group Life Insurance in a sentence

  • However, when you take a distribution, the amounts you contributed annually to any Roth IRA and any military death gratuity or Servicemembers’ Group Life Insurance (SGLI) payments that you rolled over to a Roth IRA, will be deemed to be removed first, followed by conversion and employer-sponsored retirement plan rollover contributions made to any Roth IRA on a first-in, first-out basis.

  • However, when you take a distribution, the amounts you contributed annually to any Xxxx XXX and any military death gratuity or Servicemembers’ Group Life Insurance (SGLI) payments that you rolled over to a Xxxx XXX, will be deemed to be removed first, followed by conversion and employer-sponsored retirement plan rollover contributions made to any Xxxx XXX on a first-in, first-out basis.

  • If you receive or have received a military death gratuity or a payment from the Servicemembers’ Group Life Insurance (SGLI) program, you may be able to roll over the proceeds to your Xxxx XXX.

  • If you receive or have received a military death gratuity or a payment from the Servicemembers’ Group Life Insurance (SGLI) program, you may be able to roll over the proceeds to your Roth IRA.

  • The Employer shall pay one hundred percent (100%) of the premium for the Group Life Insurance Plan.


More Definitions of Group Life Insurance

Group Life Insurance means the premium paid by the Contractor to employee group life and short and long term disability insurance plans.
Sample 1Sample 2Sample 3
Group Life Insurance. Premium fully funded at core level (1.0X base annual salary); employees pay additional premium for Optional coverage amounts
Sample 1Sample 2Sample 3
Group Life Insurance. Premium fully funded for the basic amount (1.5X base annual salary); Officers pay additional premium for Optional coverage amounts Long Term Disability: Premium fully funded at 67% level.
Sample 1Sample 2Sample 3
Group Life Insurance means an insurance contract that provides life insurance cov- erage, including term life insurance cov- erage, universal life insurance coverage, variable universal life insurance coverage, and accidental death coverage, or a combina- tion thereof, for a number of individuals under a single contract, on the basis of a group selection of risks, but does not include ‘Corporate Owned Life Insurance’ or ‘Busi- ness Owned Life Insurance,’ each as defined under the Internal Revenue Code of 1986, or any similar product, or group life reinsur- ance or retrocessional reinsurance.
Sample 1Sample 2
Group Life Insurance means a person whose life is insured by a contract of group insurance but does not include a person whose life is insured under the contract as a person dependent upon, or related to, him;
Sample 1Sample 2
Group Life Insurance means term or temporary insurance, whether on a group or individual basis.
Sample 1Sample 2
Group Life Insurance fully funded by the University at the basic group life insurance coverage amount (1.5x benefits salary); employee pays additional premium for optional coverage amounts.
Sample 1Sample 2