Some of these materials are not normally combustible, but they can burn or explode if the particles are the right size and in the right concentration. Therefore any activity that creates dust should be investigated to see if there is a risk of that dust being combustible.
by Merck & Co., Inc. âBasic Life Insuranceâ means life insurance provided to an Eligible Employee under a plan sponsored by Parent or a subsidiary of Parent equal to 1x base pay as defined under the life insurance plan in which the Eligible Employee participates, as it may be amended from time to time. 8.3.
The insured party normally pays premiums until death, except for limited pay policies which may be paid-up in 10 years, 20 years, or at age 65. Whole life insurance belongs to the cash value category of life insurance, which also includes universal life, variable life, and endowment policies.The other major form of life insurance is term life, which may be individual term policies or group term certificates.he death benefit of a whole life policy is normally the stated face amount. However, if the policy is participating, the death benefit will be increased by any accumulated dividend values and/or decreased by any outstanding policy loans.