Employee Basic Life Insurance. The Employer shall pay 100% of the premium on the base $100,000 and the employee shall pay the premium for any insurance over the base minimum.
Employee Basic Life Insurance. Through the basic life insurance benefits, an Employee automatically receives coverage equivalent to: One times the Employee’s base salary The coverage is one hundred percent (100%) paid for by the Employer. The maximum basic life insurance benefit is two hundred and fifty thousand dollars ($250,000).
Employee Basic Life Insurance. The Employer agrees to pay one hundred percent (100%) of the billed premium, toward coverage of each Eligible Employee who qualifies and remains eligible for coverage. The basic amount of insurance shall be two hundred percent (200%) of the employee's annual earnings, to a maximum of $200,000.00.
Employee Basic Life Insurance. The Employer agrees for the duration of this Collective Agreement to pay seventy-five percent (75%) of the cost of the monthly premium. The benefit amount is 2.5 times the employee’s annual earnings, rounded to the next higher multiple of $1000, if not already a multiple, to a maximum of $700,000.
Employee Basic Life Insurance. Through the basic life insurance benefits, a Teaching Faculty Member automatically receives coverage equivalent to: One times the Teaching Faculty Member’s base salary The coverage is one hundred percent (100%) paid for by the Employer. The maximum basic life insurance benefit is $250,000.
Employee Basic Life Insurance. Through the basic life insurance benefits, a Faculty Member automatically receives coverage equivalent to: One times the Faculty Member’s base salary The coverage is one hundred percent (100%) paid for by the Employer. The maximum basic life insurance benefit is $750,000.
Employee Basic Life Insurance. The Commission shall pay 100% of the premium on the base $80,000 $100,000 and the employee shall pay the premium for any insurance over the base minimum. The employee is responsible for the premium for optional spouse and dependant coverage.
Employee Basic Life Insurance. You may name a beneficiary for your life insurance and change that beneficiary at any time by completing a form available from your employer. On your death, your employer will explain the claim requirements to your beneficiary. Life will pay your life insurance benefits to your beneficiary. If you are under age and have been disabled for months or more, you may be entitled to have your life insurance continued without premium payment until you reach age You are considered disabled if injury or disease prevents you from being gainfully employed in any job. Life will determine your qualification for waiver of premium benefits. If you believe you may be eligible, contact your employer for claim forms. You must apply for waiver of premium benefits within months of becoming eligible. If any or all of your insurance terminates, you may be eligible to apply for an individual conversion policy without providing proof of your insurability. You must apply and pay the first premium no later than days after your group insurance terminates. See your employer for details.
Employee Basic Life Insurance. You may name a beneficiary for your life insurance and change that beneficiary at any time by completing a form available from your employer. On your death, your employer will explain the claim requirements to your beneficiary. Life will pay your life insurance benefits to your beneficiary. Your life insurance terminates when you reach age or when you retire, whichever is earlier. If you are under age and have been disabled for months or more, you may be entitled to have your life insurance continued without premium payment until you reach age You are considered disabled if injury or disease prevents you from being gainfully employed in any job. Life will determine your qualification for waiver of premium benefits. If you believe you may be eligible, contact your employer for claim forms. You must apply for waiver of premium benefits within months of becoming eligible. If any or all of your insurance terminates, you may be eligible to apply for an individual conversion policy without providing proof of your insurability. You must apply and pay the first premium no later than days after your group insurance terminates. See your employer for details.
Employee Basic Life Insurance. 200% of annual earnings to a maximum of $200,000. The minimum amount of insurance is $100,000.
