Dependent Life Clause Examples
The Dependent Life clause defines the provision of life insurance coverage for the dependents of an insured individual, typically under an employer-sponsored group policy. This clause specifies which family members qualify as dependents—such as spouses or children—and outlines the amount of coverage and eligibility requirements. Its core function is to extend financial protection to the insured's family members in the event of their death, thereby offering additional security and peace of mind to employees and their families.
Dependent Life. An employee may enroll legal spouse and/or eligible children in a dependent life insurance plan. Dependent children must be unmarried and between the ages of 14 days and 23 years. The age ceiling under the optional life insurance plan shall not apply to dependents who are documented as being incapacitated by a physical or mental impairment, provided coverage does not terminate for any other reason.
(1) Employee pays one hundred percent (100%) of premium for optional dependent coverage via payroll deduction.
(2) Employee may choose between seven (7) levels of dependent coverage:
(a) Level one insures spouse for $1,500 and children from age 15 days to 23 years for $1,000.
(b) Level two insures spouse for $5,000 and children from age 15 days to 23 years for $2,500.
(c) Level three insures spouse for $10,000 and children from age 15 days to 23 years for $5,000.
(d) Level four insures spouse for $25,000 and children from age 15 days to 23 years for $10,000.
(e) Level five insures children only from age 15 days to 23 years for $10,000.
(f) Level six insures spouse for $50,000 and children from age 15 days to 23 years for $15,000.
(g) Level seven insures children from age 15 days to 23 years for $15,000.
Dependent Life. Each unit provides life insurance coverage in the amount of five thousand dollars ($5,000) on the Employee’s spouse and two thousand dollars ($2,000) on each of the Employee’s dependent children. Subject to the provisions of the plan document, each Employee may choose to participate in this insurance plan, and may choose up to five (5) units of coverage. The full cost of participation shall be borne by the Employee. For the purposes of dependent life insurance, a dependent is:
(a) a spouse, either the person to whom the Employee is legally married, or a partner who has cohabited with the Employee for a continuous period, up to the date of this coverage, of not less than twelve (12) consecutive months and who has been publicly represented as the Employee’s spouse and who is not a blood relative of the Employee, or
(b) an unmarried child of the Employee and/or the Employee’s spouse, including any step-child, who is:
(i) under 21 years of age, or
(ii) 21 or over but less than 25 and is a registered student in full-time attendance in the public School system or at a University or similar Institute of learning, or
(iii) of any age and incapable of self-sustaining employment by reason of mental disability or physical handicap, and in all cases is wholly or substantially dependent on the participant for financial support and maintenance.
Dependent Life. Five thousand dollars ($5,000.00) Spousal and two thousand five hundred dollars ($2,500.00) Dependent Life Insurance.
Dependent Life. All regular employees will be provided with a Group Dependent Life Insurance benefit amount of ten thousand ($10,000) for Spousal and five thousand ($5,000) for dependant children. The cost of such coverage shall be borne one hundred percent (100%) by the Employer.
Dependent Life. 7.1.5 The Teachers shall pay 100 per cent of the premium costs for the following benefit plans:
a) Short-Term Disability
Dependent Life. Each eligible and enrolled employee may purchase, through payroll deduction, dependent coverage of $5,000 for each eligible dependent. Benefit provisions are outlined in the Schedule of Insurance or Group Insurance Policy.
Dependent Life. Available to all employees who work more than 20 hours per week - Dependent life for spouse - $10,000 and $5,000 for each child. Termination Age: Earlier of retirement or age 70
Dependent Life. Insurance coverage of ten thousand dollars ($10,000) for the Superintendent, Relief Superintendent’s or Security Superintendent’s spouse and five thousand dollars ($5,000) for each child. The Corporation will pay one hundred percent (100%) of the premium costs.
Dependent Life. Premium Cost Sharing ▪ as per the Collective Agreement Waiting Period ▪ same as Major Medical Participation Basis ▪ employee coverage: not applicable ▪ dependent coverage: not compulsory Required Number of Hours ▪ same as Major Medical Benefit Formula ▪ Spouse ▪ Each Eligible Child ▪ $5,000 ▪ $2,000 Premium Cost Sharing ▪ as per the Collective Agreement Waiting Period ▪ same as Major Medical Participation Basis ▪ employee coverage: compulsory ▪ dependent coverage: not applicable Required Number of Hours ▪ same as Major Medical Benefit Formula ▪ 1.5x basic annual salary, rounded to next highest $1,000, if not already a multiple of $1,000 Reduction Formula ▪ employee at age 65: coverage immediately reduces at age 65 & on each anniversary thereafter to the following percentage of original amount: 85% at age 65 70% at age 66 55% at age 67 40% at age 68 25% at age 69 Premium Cost Sharing ▪ as per the Collective Agreement Waiting Period ▪ same as Major Medical Participation Basis ▪ employee coverage: not compulsory ▪ dependent coverage: not compulsory Required Number of Hours ▪ same as Major Medical Benefit Formula ▪ Employee Coverage ▪ Family Coverage ▪ units of $10,000 to maximum of $500,000 ▪ spouse, no children: 50% of employee coverage ▪ spouse and eligible children: 40% of employee coverage for spouse & 10% for each child ▪ eligible children only: 15% of employee coverage for each eligible child
Dependent Life. Premium Cost Sharing ▪ as per the Collective Agreement Waiting Period ▪ same as Major Medical Participation Basis ▪ employee coverage: not applicable ▪ dependent coverage: not compulsory Required Number of Hours ▪ same as Major Medical Benefit Formula ▪ Spouse ▪ Each Child ▪ ....$10,000 ▪ ....$5,000 Premium Cost Sharing ▪ as per the Collective Agreement Waiting Period ▪ s ame as Major Medical Participation Basis ▪ employee coverage: compulsory ▪ dependent coverage: not applicable Required Number of Hours ▪ same as Major Medical Benefit Formula ▪ 1.5x basic annual salary, rounded to next highest $1,000, if not already a multiple of $1,000 Reduction Formula ▪ employee at age 65: coverage immediately reduces at age 65 & on each anniversary thereafter to the following percentage of original amount: ....85% at age 65 ....70% at age 66 ....55% at age 67 ....40% at age 68 ....25% at age 69