Common use of Summary of Coverage Clause in Contracts

Summary of Coverage. Amount of Insurance Yourself Your Spouse Your Children Basic Life Insurance 1 x annual base salary Optional Units of Units of $5,000 for Life $10,000* $10,000 each child Insurance to a to 50% of Maximum your of coverage $500,000 Optional AD&D Units of Units of $5,000 for Insurance $10,000 $10,000 each child to a to 50% of maximum your of coverage $500,000 *Up to 8 times your annual salary Basic Life Insurance Under the Basic Life Insurance Plan, you are insured by an amount equal to one times your annual base salary. This amount is paid to your beneficiary if you die from any cause. Kraft Canada Inc. pays the full cost of the coverage provided by the Basic Life Insurance Plan.