Life Insurance - Conversion Privilege. If your coverage ceases because your employment or your membership within the eligible classes ends, you may convert your insurance to some form of individual life policy offered by Prudential Insurance without having to pass a physical examination. If you qualify for the Retiree Death benefit, the amount of it will be deducted from the amount of life insurance you are otherwise entitled to convert. You have thirty-one (31) days to make application for conversion and to pay the required premium following termination of your insurance. However, if you are given written notice of your right to convert, you have no more than thirty-one (31) days from the date of termination of insurance, or until twenty-five (25) days after you are given notice, whichever is the later date. If you should die within the thirty-one (31) day period after your coverage ends, your amount of insurance will be paid to your beneficiary. If your life insurance is payable under the group policy, payment will not be made under the converted policy, and premiums paid for the converted policy will be refunded.
Life Insurance - Conversion Privilege. If your coverage ceases because your employment or your membership within the eligible classes ends, you may convert your insurance to some form of individual life policy offered by insurance carrier without having to pass a physical examination. You have thirty-one (31) days to make application for conversion and to pay the required premium following termination of your insurance. However, if you are given written notice of your right to convert, you have no more than thirty-one (31) days from the date of termination of insurance, or until twenty-five (25) days after you are given notice, whichever is the later date. If you should die within the thirty-one (31) day period after your coverage ends, your amount of insurance will be paid to your beneficiary. If your life insurance is payable under the group policy, payment will not be made under the converted policy, and premiums paid for the converted policy will be refunded. Group Life Insurance shall be a minimum of twenty-five thousand dollars ($25,000.00.) Where Group Life Insurance Plans have coverage in excess of twenty-five thousand dollars ($25,000.00), then such Plans shall continue in force during the currency of this Collective Agreement. If an employee cannot work due to illness and his or her Weekly Indemnity is about to lapse, he or she shall have the right to continued coverage for life insurance by paying the full premium.
Life Insurance - Conversion Privilege. During the thirty-one day period after a person ceases to be a member, he may, in accordance with the terms of the contract between the Company and the insurance carrier, change his group life insurance to an individual policy without a medical examination, provided that the amount convertible under this clause shall be reduced by the face value of any insurance to which the person is entitled pursuant to Article 3.04.
Life Insurance - Conversion Privilege. If your coverage ceases because your employment or your membership within the eligible classes ends, you may convert your insurance to some form of individual life policy offered by Canada Life without having to pass a physical examination. If you qualify for the Retiree Death Benefit, the amount of it will be deducted from the amount of life insurance you are otherwise entitled to convert. You have thirty-one (31) days to make application for conversion and to pay the required premium following termination of your insurance. However, if you are given written notice of your right to convert, you have no more than thirty-one (31) days from the date of termination of insurance, or until twenty-five (25) days after you are given notice, whichever is the later date. If you should die within the thirty-one (31) day period after your coverage ends, your amount of insurance will be paid to your beneficiary. If your life insurance is payable under the group policy, payment will not be made under the converted policy, and premiums paid for the converted policy will be refunded.
Life Insurance - Conversion Privilege. If your cov- erage ceases because your employment or your mem- bership within the eligible classes ends, you may con- vert your insurance to some form of individual life policy offered by Xxxxxxx Life without having to pass a physical examination. If you qualify for the Retiree Death benefit, the amount of it will be deducted from the amount of life insurance you are otherwise entitled to convert. You have thirty-one (31) days to make application for conversion and to pay the required premium following termination of your insurance. However, if you are giv- en written notice of your right to convert, you have no more than thirty-one (31) days from the date of ter- mination of insurance, or until twenty-five (25) day5 after you are given notice, whichever is the later date. If you should die within the thirty-one (31) day pe- riod after your coverage ends, your amount of in- surance will be paid to your beneficiary. If your life insurance is payable under the group policy, payment will not be made under the converted and paid for the converted policy will be Lone-Term Plan Plan: The eligible The Plan will provide sixty percent (60%) of salary and will activate when either or benefits are exhausted. A “day of absence” shall mean absence from ;,- workday for the employee concerned. The payment of the Weekly Indemnity benefit shall be based on a five (5)days per week basis for employees regularly working the basic workweek. Eligible part- time employees’ Weekly Indemnity benefits shall be based on a seven (7) days per week basis. For ex- ample, a part-time employee shall receive one seventh of the weekly income rates for each day that he or she is entitled to benefits. Once on benefits, a part- time employee will receive such payments for each day of the week, including Sundays, statutory holidays and regularly scheduled days off. It is understood that pregnancy and disabilities re- sulting from pregnancy are not covered by Weekly Indemnity benefits under this Section. Upon recuperation from an accident or illness, an em- ployee will give the Employer as much notice as pos- sible of his or her intention to return to work. If an employee cannot work due to illness and his or her Weekly Indemnity is about to lapse, he or she shall have the right to continued coverage for life in- surance by paying the full premium. Where an employee submits a claim to the Workers’ Compensation Board which would, were it not for the existence of Workers’ Compensation, entitle the...
Life Insurance - Conversion Privilege. If your coverage ceases because your employment or your membership within the eligible classes ends, you may convert your insurance to some form of individual life policy offered by insurance carrier without having to pass a physical examination. You have thirty-one (31) days to make application for conversion and to pay the required premium following termination of your insurance. However, if you are given written notice of your right to convert, you have no more than thirty-one (31) days from the date of termination of insurance, or until twenty-five (25) days after you are given notice, whichever is the later date. If you should die within the thirty-one (31) day period after your coverage ends, your amount of insurance will be paid to your beneficiary. If your life insurance is payable under the group policy, payment will not be made under the converted policy, and premiums paid for the converted policy will be refunded. If an employee cannot work due to illness and his or her Weekly Indemnity is about to lapse, he or she shall have the right to continued coverage for life insurance by paying the full premium.
