UNIVERSAL LIFE INSURANCE Sample Clauses

UNIVERSAL LIFE INSURANCE. If you have applied for this type of insurance, you acknowledge that you have been informed that (1) the company may periodically change the current interest rate being credited on cash values, and (2) that surrender charges may apply in certain circumstances. CONSOLIDATED STATEMENT IDS periodically sends out information for each of its accounts, which are consolidated into one Statement covering all accounts owned by members of the same household. If you don't want this account reported that way, check here |_|.
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UNIVERSAL LIFE INSURANCE. The Company agrees to have an acceptable representative present the options of a Universal Life Insurance Policy to Union Employees. This meeting will be scheduled for approximately one hour during an employee’s normal scheduled shift. The Company agrees to pay for the time spent at such meeting.
UNIVERSAL LIFE INSURANCE. Xxxx Xxx agrees to fully fund Xx. Xxxxxxxx'x universal life insurance policy so as to provide a $1,575,000.00 death benefit until Xx. Xxxxxxxx'x 55th birthday and thereafter a $525,000.00 death benefit.
UNIVERSAL LIFE INSURANCE. As of the Effective Date, if Bryaxx xx elects and notifies the Company thereof, the Company shall transfer to Bryaxx xxx of its right, title and interest in and to the universal life insurance policy covering Bryaxx xxxued by Penn Mutual Life Insurance Company (policy no. 8513944), and Bryaxx xxxll assume from the Company and perform all of its obligations under such insurance policy (including, without limitation, the obligation to pay the premiums therefor), it being understood and agreed that the Company would have no further obligation under or with respect to such insurance policy after the Effective Date.

Related to UNIVERSAL LIFE INSURANCE

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

  • Group Term Life Insurance The School District will pay the full premium for each $1,000 of coverage for group term life insurance. The amount of life insurance provided will be $20,000, subject to the conditions of the carrier.

  • Key Man Life Insurance The Company may apply for and obtain and maintain a key man life insurance policy in the name of Executive together with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which shall be the Company. Executive shall submit to physical examinations and answer reasonable questions in connection with the application and, if obtained, the maintenance of, as may be required, such insurance policy.

  • Basic Life Insurance 37.1 The Employer shall pay one hundred percent (100%) of the monthly premium of the basic life insurance plan.

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Optional Life Insurance The State shall make available optional term-life insurance to employees. The cost will be paid by the employee on a payroll deduction basis. The available coverage will be at least two (2) times the employee’s salary. No evidence of insurability will be required if an adequate number of employees participate. The State will explore smoker/non-smoker rates and spousal coverage.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Group Life Insurance Plan Section 1 - Eligibility Regular full-time and regular part-time employees who are on staff January 1, 1979 or who join the staff following this date shall, upon completion of the three-month probationary period, become members of the Group Life Insurance Plan as a condition of employment.

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