Optional Life. In addition, any employee covered by this agreement may purchase up to an additional $250,000 of life insurance in increments of $10,000 or such increments and under such conditions specified by the carrier by paying their premium as calculated by the carrier for such additional coverage provided the carrier agrees to underwrite added coverage
Optional Life. An extra band of coverage shall be added for age 65-70.
Optional Life. 13.1.4.2 Optional Short/Long Term Disability
Optional Life insurance (for employee and/or spouse) The Employee agrees to pay one hundred percent (100%) of the billed premium. Employees may apply for these benefits.
Optional Life you may elect to change the level of your Optional Life Insurance coverage without evidence of health when any change in marital status takes place or when you acquire a dependent provided you make application within 31 days of the date of the change • you may elect to increase or apply for new coverage for any other reason, however, evidence of health is required and is subject to approval of the insurance carrier • you may elect to decrease or cancel coverage at any time Dependent Life • there is not an option to change the level of coverage as outlined above in the “Changes in Amounts of Coverage” section • you may elect to cancel your coverage at any time Optional Spousal Life • additional coverage on your spouse is available in increments of $25,000 to a maximum benefit of $500,000 • you may elect to increase or apply for new coverage for any reason, however, evidence of health on your spouse is required and is subject to approval of the insurance carrier • you may elect to decrease or cancel coverage at any time
Optional Life. Optional life insurance allows you to choose additional coverage for yourself and your spouse. Check the benefit summary for the amount of optional life insurance available. When you apply for optional life insurance, you must provide proof of your insurability, and your application must be approved by the insurance company. If you, or your spouse, die within two (2) years after applying for optional life insurance, the insurance company has the right to verify any medical information you or your spouse provided. If any inconsistencies are discovered, the claim will be denied and any premiums paid will be refunded. You may name a beneficiary for your optional life insurance and change that beneficiary at any time by completing a form available from your Employer. On your death, the insurance company will pay your life insurance to your beneficiary. If your spouse dies you will be paid the amount for which he or she was insured. Your Employer will explain the claim requirements. • If you are approved for waiver of premium on your basic life insurance, any optional life insurance for yourself or your spouse will also continue without premium payment as long as your basic life insurance continues but not beyond the date your optional insurance would otherwise terminate. • If you or your spouse’s optional life insurance terminates, you or your spouse may be eligible to apply for an individual conversion policy without providing proof of insurability. You must apply and pay the first premium no later than thirty-one (31) days after your group insurance terminates. See your Employer for details. • Your optional life insurance terminates when you reach age sixty-five (65). Your spouse’s coverage terminates at the same time, or when he or she reaches age sixty-five (65) or is no longer your spouse, whichever comes first.
Optional Life. All regular employees and their spouses shall have access to British Columbia Life & Casualty Company’s Optional Life & Spousal Benefits coverage. The cost of such coverage shall be borne one hundred percent (100%) by the employee with deductions from monthly payroll.
Optional Life a. The Company shall contract with a vendor to offer optional life insurance coverage.
Optional Life. An employee may choose to buy an additional coverage of up to $200,000 and Life Insurance for its dependents in the following manner: spouse: $10,000, child: $5,000.
Optional Life. Insurance An employee may purchase, at the employee’s cost, additional life insurance coverage in units of $25,000 to a maximum of ten (10) units, subject to the terms and conditions of the plan.
