Basic Group Life Insurance. You are insured for a life insurance benefit equal to two times your current annual salary rounded to the next higher $1,000, if not already a multiple thereof, subject to a minimum of $10,000 and a maximum of $1,000,000. If your insurance ceases on or prior to age 65, you may be entitled to convert the cancelled amount of basic group life insurance to an individual policy of the type then being offered by the insurer to conversion applicants within 31 days of the termination and no medical evidence of insurability would be required. The premium rate would be based on your age and class of risk at that time.
Basic Group Life Insurance. All regular staff members who are eligible under the terms of the Basic Group Life Insurance Plan will, as a condition of employment, participate in the Plan from the first day of the month following commencement of employment.
Basic Group Life Insurance. (a) The Board will pay one hundred percent (100%) of the premium cost for the Basic Group Life Insurance Plan which will provide life insurance for all employees in the amount of $60,000. Coverage for new employees shall be effective on the first (1st) date of continuous employment.
Basic Group Life Insurance. The Basic Group Life Insurance Plan will provide life insurance in the amount of three (3) times annual salary up to $50,000. A new Member must, as a condition of employment, become and remain a member of the Basic Group Life Insurance Plan.
Basic Group Life Insurance. (a) The premiums for regular full-time, regular part-time and all temporary employees, whether full-time or part-time, are 55% paid by the Employer and 45% paid by the employee if the employee elects this benefit coverage.
Basic Group Life Insurance. Premiums 100% Company paid. 150% of annual earnings to a maximum of $150,000.
Basic Group Life Insurance. (a) The Employer will pay 100% of the premium cost of a Basic Group Life Insurance Plan for Regular employees.
Basic Group Life Insurance. All members who hold an appointment of greater than or equal to 0.5 FTE and greater than or equal to a six (6) month term will be eligible for Group Life Insurance. This may include a three (3) month waiting period as per the terms of the plan.
Basic Group Life Insurance. The University will pay 100% of the premiums for Basic Group Life Insurance.
Basic Group Life Insurance. 100% of the premium costs of basic group life insurance to a maximum of two times annual basic earnings rounded to the next $1000 shall be paid by each teacher. The maximum amount of coverage is $400,000.
