At Termination. If an employee's Dependant Life Insurance for his spouse terminates due to the termination of the employee's Member Life Insurance and this provision continues in force, the employee's spouse may convert the amount of the dependant insurance terminated to an individual policy on his/her life. An employee's spouse must apply and pay the premium to the Carrier within 31 days after termination of insurance. If an employees' Dependant Life Insurance terminates while this provision continues in force and his spouse dies within 31 days after termination of insurance, the amount of insurance which his spouse could have converted to an individual policy on his/her life through the Conversion Privilege of this provision will be paid to the employee.
Appears in 3 contracts
Sources: Collective Agreement, Collective Agreement, Collective Agreement