Life Insurance for Employees. Your life is insured under a Group Life Policy as follows: (providing you are actively at work) Effective January 1, 2012: $56,000. ** **Employees absent due to illness or accident on the above effective dates will remain under the terms of the life in- surance plan in effect at the time disability commenced. You may change your beneficiary at any time in accord- ance with the laws of the Province of Ontario. The increased life insurance will become effective upon your return to active full-time employment. If your employment is terminated, Life Insurance cover- age will remain in force for thirty-one (31) days from date of termination. Within this period, you have the privilege of converting the Life Insurance to an individual policy on any full participating plan then issued by the Insurance Company. No medical examination or other evidence of health will be required within this thirty-one (31) day per- iod. The Life Insurance is payable in the event of your death for any cause, at any time or place, while you are insured. The full amount of your insurance will be paid in one (1) lump sum to your beneficiary. If a different form of settlement is requested, it can be arranged subject to the Company’s approval. Should you become totally and permanently disabled as a result of either sickness or accident before the age of sixty- five (65), the total amount of your insurance will remain in force until you reach age sixty-five (65), providing you remain totally and permanently disabled. (For Life Insur- ance benefits after age sixty-five (65), see section on Pen- sioners.)
Life Insurance for Employees hired prior to January 1, 2000. Employees who retire with at least eight (8) years of credited service shall receive $10,000 straight life insurance policy paid by the Employer at age sixty (60) or when twenty (20) years of credited service would have been completed, whichever is sooner.
Life Insurance for Employees. If you die, your beneficiary will be paid the amount of your group life insurance. (See the Schedule of Benefits at the front of this booklet for the amount.) • If you become disabled while insured and before reaching age 65, and your disability continues without interruption for at least six months, your life insurance will remain in force without further premium payment until you recover or reach age 65. Proof of con- tinued disability may be required each year. • If you are not approved for waiver of premium your life insurance will be continued on a premium paying basis until the earlier of the following:
Life Insurance for Employees. Your life is insured under a Group Life Policy as follows: Effective date of ratification (providing you are actively at work) You may change your beneficiary at any time in accord- ance with the laws of the Province of Ontario. **Employees absent due to illness or accident on the above effective dates will remain under the terms of the life in- surance plan in effect at the time disability commenced. The increased life insurance will become effective upon your return to active full-time employment. If your employment is terminated, Life Insurance coverage will remain in force for thirty-one (31) days from date of termination. Within this period, you have the privilege of converting the Life Insurance to an individual policy on any full participating plan then issued by the Insurance Com- pany. No medical examination or other evidence of health will be required within this thirty-one (31) day period. The Life Insurance is payable in the event of your death for any cause, at any time or place, while you are insured. The full amount of your insurance will be paid in one lump sum to your beneficiary. If a different form of settle- ment is requested, it can be arranged subject to the Compa- ny’s approval. Should you become totally and permanently disabled as a result of either sickness or accident before the age of five the total amount of your insurance will remain in force until you reach age sixty-five providing you re- main totally and permanently disabled. (For Life Insurance benefits after age sixty-five see section on Pension- ers.)
Life Insurance for Employees. Your life is insured under a Group Life Policy as follows: (providing you are actively at work) Effective January 1, 2016: $58,000. ** **Employees absent due to illness or accident on the above effective dates will remain under the terms of the life in- surance plan in effect at the time disability commenced. You may change your beneficiary at any time in accord- ance with the laws of the Province of Ontario. The increased life insurance will become effective upon your return to active full-time employment. If your employment is terminated, Life Insurance cover- age will remain in force for thirty-one (31) days from date of termination. Within this period, you have the privilege of converting the Life Insurance to an individual policy on any full participating plan then issued by the Insurance Company. No medical examination or other evidence of health will be required within this thirty-one (31) day per- iod.
Life Insurance for Employees. If you die, your beneficiary will be paid the amount of your group life insurance. (See the Schedule of Benefits at the front of this booklet for the amount.) If you become disabled while insured and before reaching age and your disability continues without interruption for at least six months, your life insurance will remain in force without further premium payment. After you have been totally disabled for six months, you should submit the appropriate claim forms to West Life. Your premiums will be waived upon satisfactory proof of your disability but only until you reach age Proof of continued disability may be required each year. If you are not approved for waiver of premium your life insurance will be continued on a premium paying basis until the earlier of the following:
Life Insurance for Employees. The Life Insurance is payable in event of your death from any cause, at any time or place, while you are insured. Payment will be made in a lump sum or in to your benefi- ciary. You may change the beneficiary whenever you wish in accordance with provincial laws. If you become totally disabled, the policy contains a provi- sion under which your Group Life Insurance, shown in the schedule, may be continued at no cost to you while you remain totally disabled unless terminated as specified below. If your Long Term Disability benefits based on credited service are exhausted before you qualify for your Life Insurance in effect at the commencement of disability will be terminated. However, the amount of terminated Life Insur- ance may be converted to an Individual Life Insurance Policy as though your employment had terminated. See “Change to an Individual Policy’. If you arc age or older, qualify for retirement and have exhausted your Long Term Disability benefits based on credited service, the plan provides that of the Life Insurance will be continued into retirement with yearly reductions of at after five years. Effective November I, for those who retire after November I, the plan provides that of the Life Insurance will be continued into retirement. If the Long Term Disability benefits are no longer available to you due to your attainment of the normal retirement age, but you would have been eligible for continued Long Term Disabil- ity Benefits based on credited service had you not attained the normal retirement age, the plan provides that of Life Insurance will be continued into retirement with yearly reduc- tions of at after five years. Effective November I, for those who retire after November I, the plan provides that of Life Insurance will be continued into retirement. Change to an Individual Policy During the days following termination of your employ- ment, you may change your Group Life Insurance, without a medical examination, to one of a number of individual life policies. The policy will be effective at the end of the period, and the premiums will be the same as you would ordinar- ily pay if you applied for an individual policy at that time. If you die during this 3 l-day period, your Group Life Insurance will be paid whether or not you have applied for an individual policy.
Life Insurance for Employees. Comment: Page: 80 Amounts and dates changed below as per page 23 of the memorandum. Your life is insured under a Group Life Policy as follows: (providing you are actively at work) Effective date of ratification: $49,000.** Effective January 1, 2006: $50,000.** Effective January 1, 2007: $51,000.** **Employees absent due to illness or accident on the above effective dates will remain under the terms of the life insurance plan in effect at the time disability commenced. You may change your beneficiary at any time in accordance with the laws of the Province of Ontario. The increased life insurance will become effective upon your return to active full-time employment. If your employment is terminated, Life Insurance coverage will remain in force for thirty-one (31) days from date of termination. Within this period, you have the privilege of converting the Life Insurance to an individual policy on any full participating plan then issued by the Insurance Company. No medical examination or other evidence of health will be required within this thirty-one (31) day period. The Life Insurance is payable in the event of your death for any cause, at any time or place, while you are insured. The full amount of your insurance will be paid in one (1) lump sum to your beneficiary. If a different form of settlement is requested, it can be arranged subject to the Company's approval. Should you become totally and permanently disabled as a result of either sickness or accident before the age of sixty-five (65), the total amount of your insurance will remain in force until you reach age sixty-five (65), providing you remain totally and permanently disabled. (For Life Insurance benefits after age sixty-five (65), see section on Pensioners.) Accidental Death and
Life Insurance for Employees. Your life is insured under a Group Life Policy as follows: (providing you are actively at work) Effective date of ratification: Effective January 1,2009: Effective January 1,2010: $54,000."" Effective January 1: * Effective January 1,2012: $56,000."" **Employees absent due to illness or accident on the above effective dates will remain under the terms of the life insurance plan in effect at the time disability commenced. You may change your beneficiary at any time in accordance with the laws of the Province of Ontario. The increased life insurance will become effective upon your return to active full-time employment. If your employment is terminated, Life Insurance coverage will remain in force for
