Whole Life Insurance. The Assistant Superintendent shall be entitled to participate in the District-paid whole life insurance conversion plan on the same terms and conditions as other management employees, as those terms and conditions may change from time-to-time.
Whole Life Insurance. In the event an employee is ill or injured and needs to be absent from work for a prolonged period of time, Articles 16, 18, and 20 outline procedures for the use of applicable accrued paid time off and additional time off without pay. In the event that an employee exhausts all of her/his personal and sick days, this program provides the opportunity for co-‐workers to donate some of their accrued sick days in order to provide additional paid time off to the absent employee.
Whole Life Insurance. The Board shall provide and pay the premiums for a whole life insurance policy for the Superintendent during the term of this Agreement in the amount of Five Hundred Thousand Dollars ($500,000). The Board shall assign the ownership of the whole life insurance policy to a person or trust designated by the Superintendent, and upon termination of this Agreement shall allow that owner to continue the life insurance at his own expense, provided the assignment is permitted by the insurance carrier. It is understood and agreed that the Superintendent is not entitled to obtain the cash equivalent of this policy in lieu of receiving the policy.
Whole Life Insurance. The Board agrees to make Whole Life Insurance available to bargaining unit members through a payroll deduction plan. The Board merely offers this as a service, however, the full premium is to be paid by the employee through payroll deduction. There will be no charge to the employee for this service, however, the employees must meet the requirements of the District in enrolling in the program.
Whole Life Insurance. The Company shall purchase One Million dollars ($1,000,000) of life insurance for the Employee (the "Policy"). The Policy will be funded annually by the Company for four (4) years at an annual premium cost of $52,634. This level of funding will provide for the Employee a paid up policy after four (4) years. If the Employee's Termination Date occurs during the Employment Period and is a result of the Employee's death, the Policy's $1,000,000 death benefit will be split evenly between the Company and the Employee's estate, paying $500,000 to each. Upon completion of the Employment Period, the Company agrees to transfer ownership of the policy to the Employee and to expense him on an annual basis, as reflected on a Form 1099, for the cash surrender value of the Policy over a ten (10) year period. The Employee agrees to have the Company continue to have a Two Hundred Thousand dollar ($200,000) death benefit as long as the Policy is in effect.
Whole Life Insurance. It is the insurance policy issued to provide financial support to the dependents of policy holder after his/her death. The policy holder has to pay the premium regularly during his life time, The sum assured is paid by the insurance company to the dependents only after the death of policy holder.
Whole Life Insurance. Xxxxx shall receive the sum of $1,500 annually to be applied toward the premium of a whole life insurance policy.
Whole Life Insurance. XXXXX shall receive the sum of $1500 annually to be applied toward the premium of a whole life insurance policy.
Whole Life Insurance. Whole life insurance is intended to provide insurance protection over one’s entire life time. I t provides the payment of the face amount upon the insured’s death regardless of when death occurs. It is insurance for the whole of the life. Types of whole life Insurance: Ordinary Life Insurance. Limited Payment whole Life Insurance Current Assumption whole Life Insurance Unit-Linked Life Insurance.
Whole Life Insurance. Whole life insurance is intended to provide insurance protection over one’s entire life time. I t provides the payment of the face amount upon the insured’s death regardless of when death occurs. It is insurance for the whole of the life. Types of whole life Insurance: Ordinary Life Insurance. Limited Payment whole Life Insurance Current Assumption whole Life Insurance Unit-Linked Life Insurance. Composition of Authority under IRDA Act, 1999 As per the section 4 of IRDA Act' 1999, Insurance Regulatory and Development Authority (IRDA, which was constituted by an act of parliament) specify the composition of Authority The Authority is a ten member team consisting of
