Common use of Basic Life and Accidental Death and Dismemberment Coverage Clause in Contracts

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 eligible ASF Members as described in Section C. 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. An ASF Member 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. ASF Member’s Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Principal Sum $20,000 or less $20,000 $20,000 $20,000 - $30,000 $30,000 $30,000 $30,000 - $40,000 $40,000 $40,000 $40,000 - $50,000 $50,000 $50,000 $50,000 - $60,000 $60,000 $60,000 $60,000 - $70,000 $70,000 $70,000 $70,000 - $80,000 $80,000 $80,000 $80,000 - $90,000 $90,000 $90,000 Over $90,000 $95,000 $95,000

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 eligible ASF Members as described in Section C. 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. An ASF Member may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accord with Minnesota Management & and 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. ASF Member’s Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Principal Sum $20,000 or less $20,000 $20,000 $20,000 - $30,000 $30,000 $30,000 $30,000 - $40,000 $40,000 $40,000 $40,000 - $50,000 $50,000 $50,000 $50,000 - $60,000 $60,000 $60,000 $60,000 - $70,000 $70,000 $70,000 $70,000 - $80,000 $80,000 $80,000 $80,000 - $90,000 $90,000 $90,000 Over $90,000 $95,000 $95,000

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 eligible ASF Members as described in Section C. 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. An ASF Member 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. ASF Member’s Group Life Accidental Death Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Salary Coverage Principal Sum $20,000 or less $20,000 $20,000 $20,000 - $30,000 $30,000 $30,000 $30,000 - $40,000 $40,000 $40,000 $40,000 - $50,000 $50,000 $50,000 $50,000 - $60,000 $60,000 $60,000 $60,000 - $70,000 $70,000 $70,000 $70,000 - $80,000 $80,000 $80,000 $80,000 - $90,000 $90,000 $90,000 Over $90,000 $95,000 $95,000

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 eligible ASF Members as described in Section C. 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. An ASF Member may decline coverage in excess of fifty thousand dollars ($50,000) by filing a waiver in accord with Minnesota Management & and 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. ASF Member’s Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Principal Sum $20,000 or less $20,000 $20,000 $20,000 - $30,000 $30,000 $30,000 $30,000 - $40,000 $40,000 $40,000 $40,000 - $50,000 $50,000 $50,000 $50,000 - $60,000 $60,000 $60,000 $60,000 - $70,000 $70,000 $70,000 $70,000 - $80,000 $80,000 $80,000 $80,000 - $90,000 $90,000 $90,000 Over $90,000 $95,000 $95,000