Group Life Insurance definition

Group Life Insurance means an insurance contract

Group Life Insurance fully funded by the University at the core level (1.0x base annual salary); employee pays additional premium for optional coverage amounts. Long Term Disability: fully funded at the 67% level.

Group Life Insurance means death or disability insurance held by us in respect of a Member (on a group or individual basis).

Examples of Group Life Insurance in a sentence

• But these rules are modified by any burial expenses rule in the Schedule of Benefits and, if there is an assignment, by the following sections: Limits on Assignments; and Effect of Gift Assignment of Rights of Group Life Insurance Under Another Group Contract.

• However, when you take a distribution, the amounts you contributed annually to any Roth IRA and any military death gratuity or Servicemembers’ Group Life Insurance (SGLI) payments that you rolled over to a Roth IRA, will be deemed to be removed first, followed by conversion and employer-sponsored retirement plan rollover contributions made to any Roth IRA on a first-in, first-out basis.

• However, when you take a distribution, the amounts you contributed annually to any Xxxx XXX and any military death gratuity or Servicemembers’ Group Life Insurance (SGLI) payments that you rolled over to a Xxxx XXX, will be deemed to be removed first, followed by conversion and employer-sponsored retirement plan rollover contributions made to any Xxxx XXX on a first-in, first-out basis.

• The District also participates in the Public Employees’ Group Life Insurance Plan (GLIP), which provides death benefits in the form of life insurance.

• If you receive or have received a military death gratuity or a payment from the Servicemembers’ Group Life Insurance (SGLI) program, you may be able to roll over the proceeds to your Roth IRA.

More Definitions of Group Life Insurance

Group Life Insurance means the premium paid by the Contractor to employee group life and short and long term disability insurance plans.

Group Life Insurance means term or temporary insurance, whether on a group or individual basis.

Group Life Insurance means an insurance contract that provides life insurance cov- erage, including term life insurance cov- erage, universal life insurance coverage, variable universal life insurance coverage, and accidental death coverage, or a combina- tion thereof, for a number of individuals under a single contract, on the basis of a group selection of risks, but does not include ‘Corporate Owned Life Insurance’ or ‘Busi- ness Owned Life Insurance,’ each as defined under the Internal Revenue Code of 1986, or any similar product, or group life reinsur- ance or retrocessional reinsurance.

Group Life Insurance means a person whose life is insured by a contract of group insurance but does not include a person whose life is insured under the contract as a person dependent upon, or related to, him;

Group Life Insurance means an insurance contract that provides term life insurance coverage, accidental death coverage, or a combination thereof, for a number of indi- viduals under a single contract, on the basis of a group selection of risks, but does not in- clude ‘Corporate Owned Life Insurance’ or ‘Business Owned Life Insurance,’ each as de- fined under the Internal Revenue Code of 1986, or any similar product.

Group Life Insurance means a type of life insurance in which a single contract covers an entire group of people and the policy owner is an employer;

Group Life Insurance means a policy or contract of life insurance that covers more than