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.
A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Typically, life insurance is chosen based on the needs and goals of the owner. Term life insurance generally provides protection for a set period of time, while permanent insurance, such as whole and universal life, provides lifetime coverage. It's important to note that death benefits from all types of life insurance are generally income tax-free. 1