Common use of Term Life Insurance Clause in Contracts

Term Life Insurance. The Board will provide a term life insurance policy in the amount of $50,000 coverage per teacher employed under regular contract and enrolled in the school corporation’s group term insurance plan, with the teacher paying not more than one dollar ($1) per year. The Board also will provide and pay for a dependent term life insurance policy in the amount of $2,000 coverage for the teacher’s spouse and $1,000 coverage for each child.

Term Life Insurance. The Board will shall provide a and fully pay for term life insurance policy in the amount coverage of $50,000 coverage per full-time teacher employed under regular contract (with 75% teaching time or more), and enrolled $25,000 per part-time teacher (with less than 75% teaching time). An accidental death and dismemberment provision shall be included in the school corporation’s group term insurance plan, with the teacher paying not more than one dollar ($1) per year. The Board also will provide and pay for a dependent each term life insurance policy in the amount of $2,000 coverage for the teacher’s spouse and $1,000 coverage for each childpolicy.

Term Life Insurance. The Board will provide a $40,000 term life insurance policy in the amount of $50,000 coverage per to each teacher employed under regular contract and enrolled in the school corporation’s group term insurance plan, with the teacher paying not more than one dollar ($1) per year. The Board also will provide and pay eligible for a dependent term life insurance policy in the amount of $2,000 coverage for the teacher’s spouse and $1,000 coverage for each childbenefits.

Term Life Insurance. The Board will provide a term shall continue to insure the participating teacher through the Board's life insurance policy in plan during the amount period of $50,000 coverage per teacher employed under regular contract time between the teacher's retirement and enrolled in the school corporation’s group term age eligible for full Medicare benefits. Such insurance planshall be at the Board's expense, with the teacher paying not more than one dollar ($11.00) per year. The Board also will provide and pay for a dependent term In the case of the death of the retiree, the named beneficiary shall receive the benefits provided by the life insurance policy in the amount of $2,000 coverage for the teacher’s spouse and $1,000 coverage for each childpolicy.

Term Life Insurance. The Board will provide a agrees to pay the premium for term life insurance policy in the amount of $50,000 coverage 70,000 per teacher employed under regular contract and enrolled in the school corporation’s group term insurance plan, with the teacher paying not more than one dollar ($1) per year. The Board also will provide Subject to the approval, procedures, underwriting requirement, premium rate, and pay for all other requirement of the insurance carrier, a dependent teacher may purchase additional $70,000 term life insurance policy in coverage through payroll deduction at the amount of $2,000 coverage for sole cost to the participating teacher’s spouse and $1,000 coverage for each child.

Term Life Insurance. The Board will provide a agrees to pay the premium for term life insurance policy in the amount of $50,000 coverage 70,000 per teacher employed under regular contract and enrolled in the school corporation’s group term insurance plan, with the teacher paying not more than one dollar ($1) per year. The Board also will provide Subject to the approval, procedures, underwriting requirements, premium rate, and pay for all other requirements of the insurance carrier, a dependent teacher may purchase additional $70,000 term life insurance policy in coverage through payroll deduction at the amount of $2,000 coverage for sole cost to the participating teacher’s spouse and $1,000 coverage for each child.

Term Life Insurance. The Board will shall provide each teacher with a term life insurance policy in the an amount of $50,000 coverage per teacher employed under regular contract and enrolled in the school corporation’s group term insurance plan, with the teacher paying not more than one dollar ($1) per year. The Board also will provide and pay for a dependent term life insurance policy in the amount of $2,000 coverage for equal to the teacher’s spouse and salary (rounded to the nearest thousand) but in no event more than thirty-five thousand dollars ($1,000 35,000). Each teacher may elect to purchase additional life insurance coverage for each childat the group rate provided the insurance carrier approves of such action.

Term Life Insurance. The Board will provide a agrees to pay the premium for term life insurance policy in the amount of $50,000 coverage 70,000 per teacher employed under regular contract and enrolled in the school corporation’s group term insurance plan, with the teacher paying not more than one dollar ($1) per year. The Board also will provide Subject to the approval, procedures, underwriting requirements, premium rate, and pay for all other requirements of the insurance carrier, a dependent teacher may purchase an additional $60,000 term life insurance policy in through payroll deductions at the amount of $2,000 coverage for sole cost to the participating teacher’s spouse and $1,000 coverage for each child.