Group term life insurance definition

Group term life insurance means any Member Basic Group Term Life Insurance for which you are insured under this plan. "Group term life insurance" does not mean any accidental death and dismemberment benefits, any insurance provided under this plan for covered persons other than you or any scheduled increase in the amount of any Member Group Term Life Insurance that is due within the six month period after the date you apply for the Accelerated Life Benefit.
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Group term life insurance. The District shall provide district paid group life insurance coverage in the amount of $25,000 for each school year for each teacher.
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Group term life insurance means any Employee Basic Group Term Life Insurance and Employee Voluntary Group Term Life Insurance for which an employee is insured under this plan. "Group term life insurance" does not mean any accidental death and dismemberment benefits, any insurance provided under this plan for covered persons other than the employee or any scheduled increase in the amount of any Employee Group Term Life Insurance that is due within the six month period after the date the employee applies for the Accelerated Life Benefit.
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Examples of Group term life insurance in a sentence

  • Group term life insurance coverage is 2.5 times the Fixed gross salary.

  • Group term life insurance equal to one times annual salary, up to fifty thousand dollars ($50,000) is provided without charge to employees who covered by the defined benefit plan to which the University contributes.

  • Group term life insurance equal to $5,000 is provided to employees eligible for Core Benefits (but not members of the defined benefit plan).

  • Group term life insurance provided by MCCCD and any voluntary supplemental life insurance will continue until the end of the calendar month when Active Duty Military Leave starts, or a minimum of 30 calendar days, whichever is more (Exception: Full-time regular classified employees will remain covered under MCCCD’s life insurance plans for six months).

  • Group term life insurance – Amount of insurance shall be based on the reduced salary.

  • Programs available through the IRS 125 Plan shall include but not be limited to: OSEEGIB health plans Dental insurance Vision insurance Group term life insurance premiums Disability insurance premiums Cancer & Dread Disease insurance premiums Health Savings Accounts Childcare If a Member, who has major medical coverage (whether individual or family), does not choose to participate in the 125 Plan, said Member shall contribute, through payroll deduction the additional premium.

  • Group term life insurance coverage for unit members who have a regular work assignment of four (4) hours or more ($50,000 with Accidental Death and Dismemberment).

  • The College is paying the premium for a basic group term life insurance policy for each full-time non- bargaining unit employee in an amount equal to two (2) times the annual salary rounded to the nearest thousand dollars, including an equal amount of coverage for Group term life insurance and accidental death and dismemberment.

  • Group term life insurance is provided by the City through a company selected by the City Manager.

  • Programs available through the IRS 125 Plan shall include but not be limited to: • OSEEGIB health plans • Dental insurance • Vision insurance • Group term life insurance premiums • Disability insurance premiums • Cancer & Dread Disease insurance premiums • Health Savings Accounts • Childcare If a Member, who has major medical coverage (whether individual or family), does not choose to participate in the 125 Plan, said Member shall contribute, through payroll deduction the additional premium.


More Definitions of Group term life insurance

Group term life insurance. Beneficial Life Insurance Company.
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Group term life insurance. The district will provide a $40,000 term life insurance policy to all eligible employees who apply for coverage. This policy amount will increase to $50,000- beginning July l , 2019. Eligible employees must work 30 hours or more per week. Supplemental term life insurance policies are also available to eligible employees through payroll deduction.
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Group term life insurance means the coverage, as specified in the Policy Schedule, provided for a Members’ Nominee (s) in the event of his death before his Normal Retirement Date.
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Related to Group term life insurance

  • Life insurance means contracts that incorporate mortality risk, including annuity and pure endowment contracts, and as may be specified in the valuation manual.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Sponsored captive insurance company means a captive insurance company:

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Long-term care means those activities taken by a host state after a compact facility is permanently closed to ensure the protection of air, land, and water resources and the health and safety of all people who may be affected by the compact facility.

  • Accidental death and dismemberment insurance or "AD&D" means basic accidental death and dismemberment (AD&D) insurance paid for by the employing agency, as well as supplemental accidental death and dismemberment insurance offered to and paid for by employees for them- selves and their dependents.

  • Continuing care retirement community means a residential

  • insurance period means a contribution period or an equivalent period;

  • Medical flexible spending arrangement or "medical FSA" means a benefit plan whereby eligible state employees may reduce their salary before taxes to pay for medical expenses not reimbursed by insurance as provided in the salary reduction plan established under chapter

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Long-term inpatient care means inpatient services for

  • Captive insurance company means any pure captive insurance company, association captive

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • Long-Term Disability means the Grantee is receiving long-term disability benefits under the Employer’s long-term disability plan.