OPTIONAL ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE PLAN Sample Clauses

OPTIONAL ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE PLAN. The Optional AD&D plan offers a full 24-hour, 365-day-a-year coverage against accidents occurring anywhere in the world, whether you are on or off the job. Amount of Coverage Under this plan, you may purchase accidental death and dismemberment coverage up to $500,000 in units of $10,000 for yourself. You may also request coverage for your spouse of up to 50% of your own coverage, in units of $10,000. Each child may be insured for $5,000. The full amount of insurance is payable if death is the result of an accident. In the event of accidental dismemberment and other physical losses, a percentage of the amount of insurance may be payable, for example: Accidental Loss Percentage of Coverage (Partial list of indemnities) Loss of life, both hands, both feet, 100% the entire sight in both eyes, or any combination thereof Loss of one arm or leg 75% Loss of use of one arm or one leg 75% Loss of one hand, one foot or sight in one eye 66-2/3% In the event of your accidental death while insured, the amount of insurance will be paid to the beneficiary. All other indemnities are payable to you. Cost of Plan The cost of the Optional AD&D Insurance Plan is entirely paid for by you, based on the amount of insurance you select.
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OPTIONAL ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE PLAN. The Employee can enrol in an optional Accidental Death and Dismemberment Insurance Plan as outlined in Appendix A by prepaying the full premium cost through authorized source deductions.
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OPTIONAL ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE PLAN. The Optional plan offers a full coverage against accidents occurring anywhere in the world, whether you are on or off the job. Amount of Under this plan, you may purchase accidental death and dismemberment coverage up to in units of for yourself. You may also request coverage for your spouse of up to of your own coverage, in units of Each child may be insured for The full amount of insurance is payable if death is the result of an accident. In the event of accidental dismemberment and other physical losses, a percentage of the amount of insurance may be payable, Accidental Loss Percentage of Coverage (Partial list of indemnities) Loss of life, both hands, both feet, the entire sight in both eyes, or any combination thereof Loss of one arm or leg Loss of use of one arm or one leg Loss of one hand, one foot or sight in one eye In the event of your accidental death while insured, the amount of insurance will be paid to the beneficiary. All other indemnities are payable to you. Cost of Plan of the Optional Insurance Plan is entirely paid for by you, based on the amount of insurance you select. Exclusions The plan does not cover losses resulting from the following: suicide or self-destruction, or any attempt by the insured person while sane or insane, flying in any aircraft or other airborne vehicle as a pilot, operator or member of the crew, declared or undeclared war or any thereof, active full-time service in forces of any country.
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Related to OPTIONAL ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE PLAN

  • Accidental Death and Dismemberment Insurance The plan provides accidental death and dismemberment insurance coverage in an amount equal to your basic group life insurance (two times your current annual salary). Coverage is provided 24 hours per day, anywhere in the world, for any accident resulting in death, dismemberment, paralysis, loss of use, or loss of speech or hearing. If you sustain an injury caused by an accident occurring while the policy is in force which results in one of the following losses, within 365 days of the accident, the benefit shown will be paid to you. In the case of accidental death, the benefit will be paid to the beneficiary you have named to receive your group life insurance benefits. Benefits are payable in accordance with the following schedule: Schedule of Benefits 100% of Principal Sum For Loss of: · Life · Both Hands or Both Feet · Entire Sight of Both Eyes · One Hand and One Foot · One Hand and Entire Sight of One Eye · One Foot and Entire Sight of One Eye · Speech and Hearing in Both Ears · Use of Both Arms or Both Legs or Both Hands · Quadriplegia (total paralysis of both upper and lower limbs) · Paraplegia (total paralysis of both lower limbs) · Hemiplegia (total paralysis of upper and lower limbs of one side of the body) 75% of Principal Sum For Loss of: · One Arm or One Leg · Use of One Arm or One Leg 66 2/3% of Principal Sum For Loss of: · One Hand or One Foot · Entire Sight of One Eye · Speech or Hearing in Both Ears · Use of One Hand or One Foot 33 1/3% of Principal Sum of Loss of: · Thumb and Index Finger of One Hand · Four Fingers of One Hand

  • Life Insurance and Accidental Death and Dismemberment The Board shall provide without cost to the employee’s life insurance and accidental death and dismemberment insurance in the amount of $35,000.

  • Accidental Death and Dismemberment Coverage An employee may purchase accidental death and dismemberment coverage that provides principal sum benefits in amounts ranging from five thousand dollars ($5,000) to one hundred thousand dollars ($100,000). Payment is made only for accidental bodily injury or death and may vary, depending upon the extent of dismemberment. An employee may also purchase from five thousand dollars ($5,000) to twenty-five thousand dollars ($25,000) in coverage for his/her spouse, but not in excess of the amount carried by the employee.

  • Group Life and Accidental Death and Dismemberment (a) The Employer will pay 100% of the premiums for the group life and accidental death and dismemberment insurance plans.

  • 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 supervisors eligible for an Employer Contribution, as described in Section 3. 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. A supervisor 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. Supervisors’ Annual Base Salary Group Life Insurance Coverage Accidental Death and Dismemberment Principal Sum $10,000 - $15,000 $15,000 $15,000 $15,001 - $20,000 $20,000 $20,000 $20,001 - $25,000 $25,000 $25,000 $25,001 - $30,000 $30,000 $30,000 $30,001 - $35,000 $35,000 $35,000 $35,001 - $40,000 $40,000 $40,000 $40,001 - $45,000 $45,000 $45,000 $45,001 - $50,000 $50,000 $50,000 $50,001 - $55,000 $55,000 $55,000 $55,001 - $60,000 $60,000 $60,000 $60,001 - $65,000 $65,000 $65,000 $65,001 - $70,000 $70,000 $70,000 $70,001 - $75,000 $75,000 $75,000 $75,001 - $80,000 $80,000 $80,000 $80,001 - $85,000 $85,000 $85,000 $85,001 - $90,000 $90,000 $90,000 Over $90,000 $95,000 $95,000

  • Accidental Death and Dismemberment The Employer agrees to provide all active full-time employees with Accidental Death and Dismemberment benefit coverage equal to one (1) times their annual earnings in case of accidental death. Coverage is also provided for other losses such as speech and hearing, use of arms and legs, etc.

  • Accidental Death & Dismemberment The Employer agrees to continue to make payroll deductions equivalent to the premiums for the current Accidental Death and Dismemberment Insurance Plan administered by the Union. All monies so deducted shall be remitted to the Union within fifteen (15) days of the end of the month in which the deductions were made along with a list of names of employees from whom the deductions were made.

  • Optional Life and Disability Coverages In order for coverage to become effective, the employee must be in active payroll status and not using sick leave on the first day following approval by the insurance company. If it is an open enrollment period, coverage may be applied for but will not become effective until the first day of the employee's return to work.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

  • Accidental Death Full twenty-four (24) hour Accidental Death coverage equivalent to coverage under the Group Life Plan.

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