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Reso 98-110
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Reso 98-110
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Last modified
7/2/2024 11:42:08 AM
Creation date
1/25/2006 1:56:19 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
98-110
Date (mm/dd/yyyy)
12/17/1998
Description
Agmt w/Standard Insurance for Employee Insurances
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<br />STAND.un DfSURAlfCB COMPANY <br /> <br />PLAN PBATtJRBS <br /> <br />* Evidence Of Insurability will be required for all amounts <br />for Members enrolling more than 31 days after becoming <br />eligible. <br />* Plan reflects at Employer contribution. <br />* Rates assume sot of the eligible Members will enroll. 35t <br />of the eligible Members must enroll. Pinal rates will <br />be based on actual Member composition and enrollment. <br />* Proposal assumes all known health risks have been disclosed <br />to Standard's field personnel. <br />* Waiver Of Premium if disabled prior to age 60: will <br />terminate at age 65. <br />* No benefit termination due to age. <br />* Benefits reduce to 65t at age 65, to SOt at age 70, to 35% <br />at age 75. <br />* Rates reflect combined purchase of Basic and Additional <br />Life. <br />* An Accelerated Benefit, which allows up to 7St of a Member's <br />Life Insurance benefit to be paid while still living, is <br />available to Members with a Qualifying Medical Condition. <br />Certain minimums and maximums apply, subject to state <br />statute. Waiver of Premium must be included for this <br />provision to be available. <br />* Until coverage has been in force for 2 years, death which <br />results from suicide or other intentional self-inflicted <br />injury is not covered (in force for 1 year in co, NO; no <br />exclusion in WA). <br />* Notice of Rate Change is 60 days. <br /> <br />582028-1-981202 <br />
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