Group term life insurance definition

Group term life insurance means any Member Basic Group Term Life Insurance for which you are insured under this plan. "Group term life insurance" does not mean any accidental death and dismemberment benefits, any insurance provided under this plan for covered persons other than you or any scheduled increase in the amount of any Member Group Term Life Insurance that is due within the six month period after the date you apply for the Accelerated Life Benefit.
Group term life insurance. The District shall provide district paid group life insurance coverage in the amount of $25,000 for each school year for each teacher.
Group term life insurance means any Employee Basic Group Term Life Insurance for which an employee is insured under this plan. "Group term life insurance" does not mean any accidental death and dismemberment benefits, any insurance provided under this plan for covered persons other than the employee or any scheduled increase in the amount of any Employee Group Term Life Insurance that is due within the six month period after the date the employee applies for the Accelerated Life Benefit.

Examples of Group term life insurance in a sentence

  • Group term life insurance coverage is 2.5 times the Fixed gross salary.

  • Group term life insurance with a death benefit amount of not less than $50,000, with additional double indemnity coverage.

  • Group term life insurance equal to one times annual salary, up to fifty thousand dollars ($50,000) is provided without charge to employees who covered by the defined benefit plan to which the University contributes.

  • Group term life insurance equal to $5,000 is provided to employees eligible for Core Benefits (but not members of the defined benefit plan).

  • Programs available through the IRS 125 Plan shall include but not be limited to: OSEEGIB health plans Dental insurance Vision insurance Group term life insurance premiums Disability insurance premiums Cancer & Dread Disease insurance premiums Health Savings Accounts Childcare If a Member, who has major medical coverage (whether individual or family), does not choose to participate in the 125 Plan, said Member shall contribute, through payroll deduction the additional premium.

  • Group term life insurance provided by MCCCD and any voluntary supplemental life insurance will continue until the end of the calendar month when Active Duty Military Leave starts, or a minimum of 30 calendar days, whichever is more (Exception: Full-time regular classified employees will remain covered under MCCCD’s life insurance plans for six months).

  • The College is paying the premium for a basic group term life insurance policy for each full-time non- bargaining unit employee in an amount equal to two (2) times the annual salary rounded to the nearest thousand dollars, including an equal amount of coverage for Group term life insurance and accidental death and dismemberment.

  • Group term life insurance – Amount of insurance shall be based on the reduced salary.

  • The facility will have 10 units each including a private bath, full kitchen, bedroom and living room complete with residential furnishings.

  • Group term life insurance - Amount of insurance shall be based on the reduced salary.


More Definitions of Group term life insurance

Group term life insurance means the coverage, as specified in the Policy Schedule, provided for a Members’ Nominee (s) in the event of his death before his Normal Retirement Date.
Group term life insurance. The district will provide a $40,000 term life insurance policy to all eligible employees who apply for coverage. This policy amount will increase to $50,000- beginning July l , 2019. Eligible employees must work 30 hours or more per week. Supplemental term life insurance policies are also available to eligible employees through payroll deduction.
Group term life insurance. Beneficial Life Insurance Company.

Related to Group term life insurance

  • 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.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Sponsored captive insurance company means a captive insurance company:

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

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Long-term care means the system through which the Department provides a broad range of social and health services to eligible adults who are aged, blind, or have disabilities for extended periods of time. This includes nursing homes and state hospitals (Eastern Oregon and Oregon State Hospitals).

  • Insurance premium finance company means a person engaged in the business of

  • Continuing care retirement community means a residential

  • insurance period means a contribution period or an equivalent period;

  • Medical flexible spending arrangement means a benefit plan

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Long-term inpatient care means inpatient services for

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • Long-Term Disability means the Grantee is receiving long-term disability benefits under the Employer’s long-term disability plan.