Additional Optional Term Life Clause Samples
Additional Optional Term Life. Optional term life insurance is available at the bargaining unit member's expense through payroll deduction at rates established for the bargaining unit member's specific age group. Optional term life insurance will require evidence of insurability and may be obtained only during regularly established enrollment periods. Employees shall have the right to convert their group term life insurance to Ordinary Life Coverage at their expense within thirty-one (31) days following termination or retirement.
Additional Optional Term Life. Optional term life insurance is available in an amount up to $120,000 at the faculty member's expense through payroll deduction at rates established for the faculty member's specific age group. Optional term life insurance will require evidence of insurability and may be obtained only during regularly established enrollment periods. Coverage shall be reduced beginning at age 65, for College provided and optional life insurance, according to the following table:
Additional Optional Term Life. I Optional term life insurance is available in an amount up to $120,000 at the union member's expense through payroll deduction at rates established for the union member's specific age group. Optional term life insurance will require evidence of insurability and may be obtained only during regularly established enrollment periods. I Coverage shall be reduced beginning at age 65 according to the following table: I 65 - 69 60% 70 - 74 40% 75 - 79 250/0 80 and older 150/0 Percent of Age 64 Benefit I I 11 I I I I