Term Life. 1) The Board will provide for each employee, life insurance protection including accidental death and dismemberment, and waiver of premium, for up to two years of disability, in the amount of fifty thousand dollars ($50,000).
Term Life. 2.131 The Board shall pay the premium of a term life policy for all members in the bargaining unit. The face value of each policy shall be $50,000.00, for all members employed as of June 30, 2005 and continuously thereafter. Members are subject to a reduction in the benefit due to restrictions as specified in the Group Life Insurance Benefits Handbook in effect at the time of the benefit claim. 2.14 SEVERANCE PAY 2.141 To be eligible for severance pay the employee must meet all the following requirements:
Term Life. The School District shall pay the premium of a $50,000 term life insurance policy for the employee.
Term Life. The District will provide term life insurance equal to the teacher’s annual salary. This coverage is contingent upon the availability of said life insurance now and in the future and the ability of the teacher to meet the standards of insurability as prescribed by the Districts life insurance carrier. Unless otherwise specified by the teacher, the beneficiary of the term life insurance will be the teacher’s spouse.
Term Life a. The Corporation will pay the cost less one dollar for a term life insurance policy for each teacher that provides a minimum death benefit of fifty thousand dollars, double for accidental death.
Term Life. Subd. 1. The School District will pay in full the premium for a term life insurance policy in the amount of $100,000 for each full time teacher employed by the school district who qualifies for, and is enrolled in the School District long term disability insurance program.
Term Life. The Board will provide all employees in full a thirty-five thousand dollar ($35,000) term life insurance policy with double indemnity for accidental death. This policy includes waiver premium during total disability to age sixty (60) and conversion privileges.
Term Life. The Center Board will provide Term Life Insurance in the amount of $30,000 for each licensed staff member. The Board reserves the right to choose the insurance carriers.
Term Life. The District will pay the premium of a $100,000 term life AD&D insurance policy for the employee. The employee will have the option to purchase at personal expense an additional $50,000 of term life insurance on themselves. The employee shall also have the right to purchase an additional $10,000 spouse and $5,000 on each eligible dependent. In the event of long-term disability, it shall be the responsibility of the program supervisor to file for a waiver of premium within twelve (12) months of the qualifying event.
