Accidental Death or Dismemberment Insurance Sample Clauses

Accidental Death or Dismemberment Insurance. In addition to the above Group Term Life Insurance coverage the Welfare Plan will include Accidental Death Insurance as outlined in the Table on a twenty-four (24) hour coverage basis. Dismemberment Insurance benefits of the Welfare Plan will be in accordance with the schedules offered by the particular carrier involved, such coverage to be on a twenty-four (24) hour basis.
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Accidental Death or Dismemberment Insurance. 1) In addition to the above Group Term Life Insurance coverage the Welfare Plan will include Accidental Death Insurance as outlined in the Table on a twenty- four (24) hour coverage basis. Accidental Death and Dismemberment Coverage Schedule to reflect current insurance carriers benefit levels. The coverage for Group Life Insurance and AD&D Insurance will be adjusted in each year of the agreement consistent with the percentage increase in general wage rates. Group Term Life and A.D.&D. Insurance Coverage Table Group Term Life A. D. & D. October 3, 2010 $92,768 $92,768 October 3, 2011 $96,479 $96,479 October 3, 2012 $98,408 $98,408 December 22, 2013 $100,376 $100,376 December 21, 2014 $102,885 $102,885 December 20, 2015 $105,972 $105,972 December 18, 2016 $108,091 $108,091 December 17, 2017 $110,253 $110,253 December 16, 2018 $112,458 $112.458 December 15, 2019 $114,707 $114,707 December 27, 2020 $117,001 $117,001
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Accidental Death or Dismemberment Insurance. In addition to the above Group Term Life Insurance coverage the Welfare Plan will include Accidental Death Insurance as out-lined in the Table on a twenty-four (24) hour coverage basis. Coverage for quadriplegia, Paraplegia and Hemiplegia will be 200% of the amount of the Accident Death Insurance. Dismemberment and paralysis insurance benefits of the Welfare Plan will be in accordance with the schedules offered by the particular carrier involved, such coverage to be on a twenty- four (24) hour basis.
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Accidental Death or Dismemberment Insurance ln addition to the above Group Term Life Insurance, the welfare plan will include Accidental Death or Dismemberment insurance benefits equal to the Group Term Life Insurance benefit level for all employees. This coverage shall be on a twenty-four (24) hour coverage basis. Upon attaining age 65, the amount of the A.D.& D. Insurance will be reduced up to 50% of the amount in force immediately prior to age 65. Rehabilitation Expenses The A.D.& D. Insurance benefit will provide reimbursement up to a maximum of Five Thousand Dollars ($5,000.00) if the employee must participate in a rehabilitation program in order to qualify for employment. Reimbursement will be made for reasonable and necessary expenses incurred within three (3) consecutive years of the accident.
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Accidental Death or Dismemberment Insurance. Effective July 1, 2011, the welfare plan will include accidental death insurance coverage for all employees in the amount of ninety eight thousand five hundred dollars ($98,500). The company agrees with the union proposal to increase the Group Life and AD&D benefit levels in accordance with the percentage wage increases in 2014, 2015 and 2016 of the renewed labour agreement In addition to the above group term life insurance coverage the welfare plan will include accidental death insurance as outlined on a twenty-four (24) hour coverage basis. Dismemberment insurance benefits of the welfare plan will be offered by the particular carrier involved; such coverage to be on a twenty-four (24) hour basis. The accidental death and dismemberment policy will be amended by adding the following: Under Schedule of Losses and Benefits: LOSS PERCENTAGE OF AMOUNT INSURED Quadriplegia (total paralysis of both upper and lower limbs) 200% Paraplegia (total paralysis of both lower limbs) 200% Hemiplegia (total paralysis of lower and upper limbs on one side of the body) 200%
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Accidental Death or Dismemberment Insurance. In addition to the above Group Term Life Insurance coverage the Welfare Plan will include Accidental Death Insurance as outlined in the Table on a twenty-four (24) hour coverage basis. Maximum Insurance Benefits Payable Effective Date Group Term Life AD&D Date of Ratification $98,500 $98,500 May 1, 2013 $98,500 $98,500 May 1, 2014 $104,070 $104,070 May 1, 2015 $106,672 $106,672 May 1, 2016 $109,872 $109,872 Dismemberment and paralysis insurance benefits of the Welfare Plan will be in accordance with the schedules offered by the particular carrier involved, such coverage to be on a twenty-four (24) hour basis.
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Accidental Death or Dismemberment Insurance. The Welfare Plan will include accidental death insurance coverage for all eligible employees in the amount of sixty thousand dollars ($60,000). This benefit will be payable on a twenty-four (24) hour coverage basis. Dismemberment and paralysis insurance benefits of the Welfare Plan will be in accordance with the schedules offered by the particular carrier involved, such coverage to be on a twenty-four (24) hour basis.
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Accidental Death or Dismemberment Insurance. 1) In addition to the above Group Term Life Insurance coverage the Welfare Plan will include Accidental Death Insurance as outlined in the Table on a twenty- four (24) hour coverage basis. Accidental Death and Dismemberment Coverage Schedule to reflect current insurance carriers benefit levels. The coverage limit for Group Term Life Insurance will be adjusted from the May 1, 2002 limit in each year of the agreement consistent with the percentage increase in general wage rates. Group Term Life and A.D.&D. Insurance Coverage Table Group Term Life A. D. & D. October 3, 2010 $92,768 $92,768 October 3, 2011 $96,479 $96,479 October 3, 2012 $98,408 $98,408 December 22, 2013 $100,376 $100,376 December 21, 2014 $102,885 $102,885 December 20, 2015 $105,972 $105,972 2) Dismemberment Insurance benefits of the Welfare Plan will be in accordance with the schedules offered by the particular carrier involved, such coverage to be on a twenty-four (24) hour basis.
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Accidental Death or Dismemberment Insurance. 1) In addition to the above Group Term Life Insurance coverage the Welfare Plan will include Accidental Death Insurance as outlined in the Table on a twenty- four (24) hour coverage basis. Accidental Death and Dismemberment Coverage Schedule to reflect current insurance carriers benefit levels. The coverage limit for Group Term Life Insurance will be adjusted from the May 1, 2002 limit in each year of the agreement consistent with the percentage increase in general wage rates. Group Term Life and A.D.&D. Insurance Coverage Table Group Term Life A. D. & D. May 1, 2003 $82,000 $82,000 May 1, 2004 $84,050 $84,050 May 1, 2005 $85,750 $85,750 May 1, 2006 $87,450 $87,450 May 1, 2007 $89,200 $89,200
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Related to Accidental Death or Dismemberment Insurance

  • Accidental Death and Dismemberment Insurance The plan provides accidental death and dismemberment insurance coverage in an amount equal to your basic group life insurance (two times your current annual salary). Coverage is provided 24 hours per day, anywhere in the world, for any accident resulting in death, dismemberment, paralysis, loss of use, or loss of speech or hearing. If you sustain an injury caused by an accident occurring while the policy is in force which results in one of the following losses, within 365 days of the accident, the benefit shown will be paid to you. In the case of accidental death, the benefit will be paid to the beneficiary you have named to receive your group life insurance benefits. Benefits are payable in accordance with the following schedule: Schedule of Benefits 100% of Principal Sum For Loss of: · Life · Both Hands or Both Feet · Entire Sight of Both Eyes · One Hand and One Foot · One Hand and Entire Sight of One Eye · One Foot and Entire Sight of One Eye · Speech and Hearing in Both Ears · Use of Both Arms or Both Legs or Both Hands · Quadriplegia (total paralysis of both upper and lower limbs) · Paraplegia (total paralysis of both lower limbs) · Hemiplegia (total paralysis of upper and lower limbs of one side of the body) 75% of Principal Sum For Loss of: · One Arm or One Leg · Use of One Arm or One Leg 66 2/3% of Principal Sum For Loss of: · One Hand or One Foot · Entire Sight of One Eye · Speech or Hearing in Both Ears · Use of One Hand or One Foot 33 1/3% of Principal Sum of Loss of: · Thumb and Index Finger of One Hand · Four Fingers of One Hand

  • Accidental Death and Dismemberment Coverage An employee may purchase accidental death and dismemberment coverage that provides principal sum benefits in amounts ranging from five thousand dollars ($5,000) to one hundred thousand dollars ($100,000). Payment is made only for accidental bodily injury or death and may vary, depending upon the extent of dismemberment. An employee may also purchase from five thousand dollars ($5,000) to twenty-five thousand dollars ($25,000) in coverage for his/her spouse, but not in excess of the amount carried by the employee.

  • Basic Life and Accidental Death and Dismemberment Coverage The Employer agrees to provide and pay for the following term life coverage and accidental death and dismemberment coverage for all supervisors eligible for an Employer Contribution, as described in Section 3. Any premium paid by the State in excess of fifty thousand dollars ($50,000) coverage is subject to a tax liability in accord with Internal Revenue Service regulations. A supervisor may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accord with Minnesota Management & Budget procedures. The basic life insurance policy will include an accelerated benefits agreement providing for payment of benefits prior to death if the insured has a terminal condition. Supervisors’ Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Principal Sum $10,000 - $15,000 $15,000 $15,000 $15,001 - $20,000 $20,000 $20,000 $20,001 - $25,000 $25,000 $25,000 $25,001 - $30,000 $30,000 $30,000 $30,001 - $35,000 $35,000 $35,000 $35,001 - $40,000 $40,000 $40,000 $40,001 - $45,000 $45,000 $45,000 $45,001 - $50,000 $50,000 $50,000 $50,001 - $55,000 $55,000 $55,000 $55,001 - $60,000 $60,000 $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - $75,000 $75,000 $75,000 $75,001 - $80,000 $80,000 $80,000 $80,001 - $85,000 $85,000 $85,000 $85,001 - $90,000 $90,000 $90,000 Over $90,000 $95,000 $95,000

  • Accidental Death and Dismemberment The Employer agrees to provide all active full-time employees with Accidental Death and Dismemberment benefit coverage equal to one (1) times their annual earnings in case of accidental death. Coverage is also provided for other losses such as speech and hearing, use of arms and legs, etc.

  • Accidental Death Full twenty-four (24) hour Accidental Death coverage equivalent to coverage under the Group Life Plan.

  • Long Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • Long-term Disability Coverage New employees may enroll in long-term disability insurance by their initial effective date of coverage. Employees who become eligible for insurance may enroll in long-term disability insurance within thirty (30) days of their initial effective date as defined in this Article, Section 5C. An employee who is insurance eligible and moves from a temporary position to a permanent position will be allowed to enroll in long-term disability coverage within thirty (30) days of the event without providing evidence of insurability. The terms are the same as for employees who wish to add/increase during the annual open enrollment. During open enrollment only, an employee may purchase long-term disability coverage that provides benefits of from three hundred dollars ($300) to seven thousand dollars ($7,000) per month, based on the employee's salary, commencing on the 181st calendar day of total disability, and not subject to evidence of insurability but with a limited term pre-existing condition exclusion. Employees should be aware that other wage replacement benefits, as described in the certificate of coverage (i.e., Social Security Disability, Minnesota State Retirement Disability, etc.), may result in a reduction of the monthly benefit levels purchased. In any event, the minimum is the greater of three hundred dollars ($300) or fifteen (15) percent of the amount purchased. The minimum benefit will not be reduced by any other wage replacement benefit. In the event that the employee becomes totally disabled before age seventy (70), the premiums on this benefit shall be waived.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Key Man Life Insurance The Company may apply for and obtain and maintain a key man life insurance policy in the name of Executive together with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which shall be the Company. Executive shall submit to physical examinations and answer reasonable questions in connection with the application and, if obtained, the maintenance of, as may be required, such insurance policy.

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