Common use of Life Insurance Benefits Clause in Contracts

Life Insurance Benefits. 1. Effective May 1, 2008 each eligible employee will be covered in a group policy with life insurance in the amount of $50,000. with a double indemnity provision on a 24 hour basis for accidental death. By virtue of and subject to the terms of the group policy, the sum thus insured is payable to the beneficiary in the event of the death of the employee, while insured under the said group policy. The insurance may be paid in one sum or in a fixed number of payments, at intervals of not less than one month, as provided in the group policy.

Life Insurance Benefits. 1. Effective May 1, 2008 each Each eligible employee will be covered in a group policy with life insurance in the amount of $50,000. with a double indemnity provision on a 24 hour basis for accidental death. By virtue of and subject to the terms of the group policy, the sum thus insured is payable to the beneficiary in the event of the death of the employee, while insured under the said group policy. The insurance may be paid in one sum or in a fixed number of payments, at intervals of not less than one month, as provided in the group policy.

Life Insurance Benefits. 1. Effective May 1, 2008 each Each eligible employee will be covered in a group policy with life insurance in the amount of $50,00037,000. with a double indemnity provision on a 24 hour basis for accidental death. By virtue of and subject to the terms of the group policy, the sum thus insured is payable to the beneficiary in the event of the death of the employee, while insured under the said group policy. The insurance may be paid in one sum or in a fixed number of payments, at intervals of not less than one month, as provided in the group policy.

Life Insurance Benefits. 1. Effective May 1, 2008 each Each eligible employee will be covered in a group policy with life insurance in the amount of $50,00043,000. with a double indemnity provision on a 24 hour basis for accidental death. By virtue of and subject to the terms of the group policy, the sum thus insured is payable to the beneficiary in the event of the death of the employee, while insured under the said group policy. The insurance may be paid in one sum or in a fixed number of payments, at intervals of not less than one month, as provided in the group policy.

Life Insurance Benefits. 1. Effective May 1January 6, 2008 2000 each eligible employee will be covered in a group policy with life insurance in the amount of $50,00037,000. with a double indemnity provision on a 24 hour basis for accidental death. By virtue of and subject to the terms of the group policy, the sum thus insured is payable to the beneficiary in the event of the death of the employee, while insured under the said group policy. The insurance may be paid in one sum or in a fixed number of payments, at intervals of not less than one month, as provided in the group policy.