Common use of Life Coverage Clause in Contracts

Life Coverage. Faculty member. A faculty member may purchase up to five hundred thousand dollars 24 ($500,000) additional life insurance, in increments established by the Employer, subject 25 to satisfactory evidence of insurability. A new faculty member may purchase up to two 26 (2) times annual salary in optional faculty member life coverage by their initial effective 27 date of coverage as defined in this Article, Section 5, Subd. 3, without evidence of 28 insurability. A faculty member who becomes eligible for insurance may purchase up to 29 two (2) times annual salary in optional faculty member life coverage without evidence of 30 insurability within thirty (30) days of the initial effective date as defined in this Article.

Life Coverage. Faculty member. A faculty member may purchase up to five hundred thousand dollars 24 ($500,000500,000.00) additional life insurance, in increments established by the Employer, 25 subject 25 to satisfactory evidence of insurability. A new faculty member may purchase up 26 to two 26 (2) times annual salary in optional faculty member life coverage by their initial 27 effective 27 date of coverage as defined in this Article, Section 5, Subd. 3, without evidence 28 of 28 insurability. A faculty member who becomes eligible for insurance may purchase up 29 to 29 two (2) times annual salary in optional faculty member life coverage without evidence 30 of 30 insurability within thirty (30) days of the initial effective date as defined in this Article.