ARTICLE XXI
Life Insurance

 

A. The Board agrees to purchase a term life insurance policy in the amount of $50,000 per Teacher. The policy shall include an accidental death and dismemberment feature.
 
B. In addition, Teachers will have an option to purchase additional term life insurance up to $100,000. Coverage may also be purchased for spouses to a maximum of $25,000 and dependent children to a maximum of $10,000. The additional term life insurance will be at the Teacher's expense.