Group Life Insurance definition

Group Life Insurance means an insurance contract
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Group Life Insurance means death or disability insurance held by us in respect of a Member (on a group or individual basis).
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Group Life Insurance fully funded by the University at the core level (1.0x base annual salary); employee pays additional premium for optional coverage amounts. Long Term Disability: fully funded at the 67% level.
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Examples of Group Life Insurance in a sentence

  • A plan of Group Life Insurance shall be made available to the eligible teaching staff, and the cost of premiums shall be cost shared on an equal basis by the teachers and the Board.

  • Subject to the same qualifications, the Company will pay the pre- mium cost of a Group Life Insurance Plan for employees who have completed the probationary period and are otherwise eligible for this insurance.

  • In general the beneficiary of Death Gratuity and the SGLI (Servicemember’s Group Life Insurance) may roll these payments into a Xxxx XXX in the name of the recipient of such payments, without regard to any adjusted gross income limitations.

  • The date that the employee becomes eligible for voluntary Group Life Insurance shall be hereinafter referred to as the employee's eligibility date.

  • For Regular Employees the Company agrees to continue, to eligible Employees, the benefits listed below: Group Life Insurance and DependentLife Subject to the terms and conditions of the existing policy with the Great-West Life Assurance Company a copy of the ofwhich is held by each employee.


More Definitions of Group Life Insurance

Group Life Insurance means the premium paid by the Contractor to employee group life and short and long term disability insurance plans.
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Group Life Insurance fully funded by the University at the basic group life insurance coverage amount (1.5x benefits salary); employee pays additional premium for optional coverage amounts.
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Group Life Insurance means a person whose life is insured by a contract of group insurance but does not include a person whose life is insured under the contract as a person dependent upon, or related to, him;
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Group Life Insurance means an insurance contract that provides life insurance cov- erage, including term life insurance cov- erage, universal life insurance coverage, variable universal life insurance coverage, and accidental death coverage, or a combina- tion thereof, for a number of individuals under a single contract, on the basis of a group selection of risks, but does not include ‘Corporate Owned Life Insurance’ or ‘Busi- ness Owned Life Insurance,’ each as defined under the Internal Revenue Code of 1986, or any similar product, or group life reinsur- ance or retrocessional reinsurance.
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Group Life Insurance means term or temporary insurance, whether on a group or individual basis.
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Group Life Insurance. Effective January the program provides coverage with the Company paying all premiums. Employees will be permitted to purchase additional group coverage on a voluntary basis at their own expense in units, maximum additional.
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Group Life Insurance. One times employee’s salary, Employer-paid Semi Private: Employer-paid. Extended Health: Employer-paid. All employees will be provided with a drug card. Vision Care: Eyeglass coverage up to three hundred dollars ($300.00) every years.
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