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. Beneficial Life Insurance Company.

Examples of Group term life insurance in a sentence

  • Entitlement to Medicare Group Term Life InsuranceKokomo Schools makes available a Group Term Life Insurance Plan, which provides life and accidental death and dismemberment benefits.

  • Feel confident in knowing that your family is protected with Anthem Blue Cross’ Group Term Life Insurance.

  • In the case of an employee who is on active claim arising from a disability which occurred before a negotiated change in benefits and which continues thereafter, the said employee shall, as from the effective date of the negotiated change, be paid the changed weekly indemnity benefit, be covered for the changed Group Term Life Insurance and Accidental Death and Dismemberment Insurance, and make the changed contributions.

  • Employee full name Employee social security numberDate of birth Date of hire State agencyEmployee e-mail Employee phone numberBasic LifeBasic Life Beneficiary DesignationThis form applies to the State of Idaho Group Term Life Insurance Plan.

  • Potvin, Executive Director Members of the Board:Chapters 47-2 and 47-19 of the Code of Georgia which govern the operation of the Georgia Employees’ Group Term Life Insurance Plan provide that the actuary shall make periodic valuations of the contingent assets and liabilities of the Insurance Plan on the basis of regular interest and the tables last adopted by the Board of Trustees.

  • The Welfare Plan will include Group Term Life Insurance in accordance with the following Table of Hourly Job Rate Brackets and corresponding coverages.

  • Potvin Executive DirectorEmployees’ Retirement System of Georgia Two Northside 75, Suite 300Atlanta, GA 30318-7701 Dear Mr. Potvin:Enclosed is the "Georgia Employees’ Group Term Life Insurance Plan for Post-Retirement Benefits Report of the Actuary on the Valuation Prepared as of June 30, 2021".

  • For the additional $450,000 of Group Term Life Insurance coverage, there will be a taxable imputed income, based on the Government’s Table I rates.

  • In addition to the above Group Term Life Insurance coverage the Welfare Plan will include Accidental Death Insurance as outlined in the Table on a twenty-four (24) hour coverage basis.

  • Approval of Resolution Number 2122-121 - Resolution Regarding Renewal of Group Term Life Insurance Policy for City Employees.

More Definitions of Group term life insurance

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 means the coverage, as specified in the Policy Schedule, provided for a MembersNominee (s) in the event of his death before his Normal Retirement Date.

Related to Group term life insurance

  • Life Insurance Policy ’ means any arrangement under which a person, in return for provision being made for the rendering of a premium to that person, undertakes to meet insurance obligations—

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

  • 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

  • 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.

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

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.