BCTF Optional Term Life Insurance Plan Clause Samples

The BCTF Optional Term Life Insurance Plan clause establishes the availability of an additional, voluntary life insurance benefit for eligible members. Under this clause, members can choose to purchase extra term life insurance coverage beyond any standard benefits provided, typically by enrolling through their employer or union and paying the associated premiums themselves. This clause allows individuals to tailor their life insurance protection to better suit their personal or family needs, addressing the problem of insufficient default coverage and providing greater financial security in the event of death.
BCTF Optional Term Life Insurance Plan. The Board shall deduct and remit the monthly premium from the pay of those association members who elect to participate in the BCTF Term Life Insurance Plan.
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BCTF Optional Term Life Insurance Plan. Upon written authorization of a teacher, the Board will deduct and remit monthly premiums for the BCTF Optional Term Life Insurance Plan.
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Related to BCTF Optional Term Life Insurance Plan

  • Group Term Life Insurance The Welfare Plan will include Group Term Life Insurance in accordance with the following Table of Hourly Job Rate Brackets and corresponding coverages. Benefits will be payable as a result of death from any cause on a twenty-four (24) hour coverage basis.

  • Group Life Insurance Plan Eligibility

  • Optional Life Insurance The State shall make available optional term-life insurance to employees. The cost will be paid by the employee on a payroll deduction basis. The available coverage will be at least two (2) times the employee’s salary. No evidence of insurability will be required if an adequate number of employees participate. The State will explore smoker/non-smoker rates and spousal coverage.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.