A life insurance policy definition

A life insurance policy means a contract under which the insurer agrees to pay a specified amount to a designated beneficiary upon the death of the insured.
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Examples of A life insurance policy in a sentence

  • A life insurance policy of $50,000 with a permanent total disability benefit provision, subject to the conditions and provisions of said policy, shall be provided for all employees covered by this CBA the full premium cost of which shall be paid for by MUNI.

  • A life insurance policy shall be provided for each full-time employee during the period of full-time employment in the amount of thirty thousand ($30,000) dollars, plus accidental death and dismemberment provisions.

  • There shall be no increase in insurance coverage after the open enrollment period unless there is a “qualifying event.” A life insurance policy based on each employee’s base salary shall be provided to each employee by the Board.

  • A life insurance policy includes any type of policy, including a second-to-die policy, provided that the holding of a particular type of policy is not prohibited under rules applicable to qualified plans.

  • A life insurance policy shall be provided for each full-time employee during the period of full-time employment in the amount of ten thousand dollars ($10,000) over annual base, plus accidental death and dismemberment provisions.

  • A life insurance policy of $14,000 with a permanent total disability benefit provision, subject to the conditions and provisions of said policy, shall be provided for all employees with 5 years or more of service, the full premium cost of which shall be paid for by the SFMTA.

  • A life insurance policy of $75,000 will be offered to full-time employees.

  • A life insurance policy will be provided by the District according to the age requirement of the employee as stated below: Age 64 and below $10,000 policy $1.70/month paid by District Age 65 to 69 $6,500 policy $1.11/month paid by District Age 70 and above $5,000 policy $0.85/month paid by District Full-Time contracted teachers who are receiving monthly benefits from the Oklahoma Teachers Retirement System will receive the same amount of leave as non-retired teachers.

  • A life insurance policy of a minimum of $5,000.00 shall be provided by the City.

  • A life insurance policy that offers potential cash value can provide several benefits: Be sure the Consider the possibility of future Generally, the ownership on a cross-purchase buy sell is one person owning and funding the policy on the life of their partner.

Related to A life insurance policy

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;