Common use of Group Life Insurance Plan Clause in Contracts

Group Life Insurance Plan. Employees have the option of purchasing twice their basic annual salary rounded off to the even thousand dollar amount above the sum. The employee pays 15% of the annual cost and the Board of Education pays 85% of the annual cost. Employees have the option of purchasing an additional one times their basic annual salary as insurance at their own cost.

Group Life Insurance Plan. Employees have the option of purchasing twice their basic annual salary rounded off to the even thousand dollar amount above the sum. The employee pays 15% of the annual cost and the Board of Education pays 85% of the annual cost. Employees have the option of purchasing an additional one times time their basic annual salary as insurance at their own cost.

Group Life Insurance Plan. Employees have the option of purchasing twice their basic annual salary rounded off to the even thousand thousand-dollar amount above the sum. The employee pays 15% shall pay ten percent (10%) of the annual premium cost and the Board of Education pays 85% of shall pay the annual costbalance. Employees have the option of purchasing an additional one times life insurance in the amount of their basic regular annual salary as insurance wages at their own cost.