Laserfiche WebLink
„ <br />RANGE <br />° LIFEINSURANCE <br />American Bankers Life Assurance Company <br />BENEFITS <br />Class Employee Classification Amount . <br />Ol All Employees $5,000 s <br />-- <br />The amount of life insurance for' each employee as shown above is payable without <br />restriction as to the time, place or cause of death. The benefit is payable in one lump sum to <br />the beneficiary named by the insured employee; or, the full amount plus interest will be <br />paid in installments that shall be designated by either the employee or the beneficiary. <br />EXTENDED INSURANCE <br />Should the insured employee leave his place of employment for any reason other than total <br />' <br />disability, his coverage will continue for the 31 days following his termination. <br />If the insured employee terminates his employment because of total disability while less <br />than 60 years of age, his life coverage will continue in force for the amount specified in <br />accordance with the schedule of benefits, for successive periods of one year each, with <br />premiums waived, as long as:: he remains totally disabled and the group policy remains in <br />effect: Written proof of continued disability must be submitted to American Bankers Life <br />within the last three months of each year. <br />CONVERSION PRIVILEGE <br />> <br />During the 31 day period following termination of employment or discontinuance of total <br />disability, the insured employee may convert his coverage to a face amount equal to that <br />provided by his group life insurance plan on any form of individual policy, except term <br />insurance, then customarily issued by theCompany.•The insured can make this conversion at <br />standard rates without medical examination or other evidence of insurability by sending his <br />request and payment of the first premium to American Bankers Life. <br />\,✓ <br />:D. <br />A-372 (t.l:a-A96) 6/70 <br />AUG 181976 <br />i <br />���j� 26 262 <br />