Examples of Term Life Insurance in a sentence
The School Board shall provide and pay the cost of $10,000 Term Life Insurance.
The City shall pay 100% of the cost of the premium for a $25,000.00 Group Term Life Insurance Policy for employees covered by this Agreement.
Part-time MBUs will be provided with either a minimum of Ten Thousand Dollars ($10,000) of Convertible Term Life Insurance, including Accidental Death and Dismemberment benefits, or an amount equal to each part-time MBU’s annual base salary expressed to the nearest One Thousand Dollars ($1,000), whichever is greater.
The Board will pay the premium for Group Term Life Insurance two times the annual salary for each administrator figured to the nearest one thousand dollars ($1000) to a maximum benefit of $250,000 under a group policy with a Carrier selected by the Board.
Effective the first of the month within sixty (60) days after the contract is executed by the parties in 2001 and after an employee is employed for one (1) year, the County will provide Five Thousand Dollars ($5,000) Group Term Life Insurance coverage to each employee.