Supplemental Group Life Insurance. Eligible Regular Nurses and eligible Relief Nurses may purchase Supplemental Group Life Insurance in accordance with the applicable plan provisions contained in the Staff Benefits Handbook and/or on file in the Benefits Office. New eligible Nurses are given the opportunity to enroll during orientation or when they are newly eligible for the benefit. If the eligible Nurse enrolls at that time, coverage becomes effective on the first (1st) day of the month following date of hire or change in status. If the eligible Nurse wishes to enroll after the thirty one (31) day period, a Statement of Physical Condition Form is required and must be approved by the insurance company. If approved, coverage begins on the date determined by the insurance company and appropriate payroll deductions will be made. Eligible Nurses may purchase up to six (6) times their annual base salary (to a maximum of $3,000,000 combined with basic life). Evidence of good health is required for amounts over three (3) times annual salary. After the initial thirty-one (31) day enrollment period, the Nurse may enroll or change supplemental life insurance at any time by completing a regular enrollment/change form and meeting all requirements for changing coverage including providing evidence of good health. If the Nurse has supplemental life insurance, he/she may purchase insurance for spouse and/or children subject to any insurance company requirements including evidence of good health.
Supplemental Group Life Insurance. Eligible Regular Nurses and eligible Relief Nurses may purchase Supplemental Group Life Insurance in accordance with the applicable plan provisions contained in the Staff Benefits Handbook and/or on file in the Benefits Office. New eligible Nurses are given the opportunity to enroll during orientation or when they are newly eligible for the benefit. If the eligible Nurse enrolls at that time, coverage becomes effective on the first (1st) day of the month following date of hire or change in status. If participation is refused at that time, the Nurse may enroll within thirty one (31) days of the date s/he is eligible for coverage. If the eligible Nurse wishes to enroll after the thirty-one (31) day period, a Statement of Physical Condition Form is required and must be approved by the insurance company. If approved, coverage begins on the date determined by the insurance company and appropriate payroll deductions will be made. Eligible Nurses may purchase up to six (6) times their annual base salary (to a maximum of $3,000,000 combined with basic life). Evidence of good health is required for amounts over three (3) times annual salary. After the initial thirty-one (31) day enrollment period, the Nurse may enroll or change supplemental life insurance at any time by completing a regular enrollment/change form and meeting all requirements for changing coverage including providing evidence of good health. If the Nurse has supplemental life insurance, he/she may purchase insurance for spouse and/or children subject to any insurance company requirements including evidence of good health.
Supplemental Group Life Insurance. District participation - 50% of the premium for each participating employee. Active employees may purchase additional coverage up to three (3) times their annual salary, to a maximum of $500,000. Employees who voluntarily increase their life insurance will have a similar increase in their accidental Death and Disability Benefit at District expense.
Supplemental Group Life Insurance. The Employer agrees to offer the Supplemental Group Life Insurance Plan for purchase by eligible employees on an after-tax basis in accordance with the following: Employees shall be considered eligible while insured under the Group Life Insurance Plan. The Employee coverage amount may be $25,000, $50,000, $75,000, $100,000, or $125,000. The coverage level elected by the employee may be reduced by the employee. An increase to the initial amount elected by the employee and any amounts over $50,000 require medical evidence of insurability and However, after initial enrollment, the coverage level may not be increased without the approval of the insurance company. The spouse coverage amount (if elected) is fifty percent (50%) of the employee’s coverage amount. The dependent child coverage amount is $5,00010,000. Employees who elect this coverage shall pay a premium which is subject to change based on claims experience or changes in Internal Revenue table rates. The Supplemental Group Life Insurance Plan will be administered by the Employer in accordance with the provisions of the applicable Supplemental Group Life Insurance Policy issued to the Employer by the insurance carrier. Effective April 1, 2003, the Employer shall discontinue life credits.
Supplemental Group Life Insurance. For the basic group life insurance plan provided in Section 41 (Economic Fringe Benefits), there will be secured a carrier which will also provide the opportunity for employees to apply for supplemental life insurance through a payroll deduction plan subject to the underwriting requirements of the carrier. Such supplemental plan will be rated separately from the basic group life insurance plan.
