Terminal Illness Benefit. Once an employee is diagnosed with a terminal illness and a medical practitioner establishes they have a life expectancy of six (6) months or less. The employee will be provided access to 50% of their death benefit.
Terminal Illness Benefit. If the Life insured has a terminal illness while the policy is in force, we will advance the death benefit. The maximum aggregate amount payable is $5 million per Life insured for all policies and riders issued in Singapore with terminal illness benefit. If the terminal illness benefit payable is lesser than the death benefit, the death benefit will be automatically reduced by the amount paid for the terminal illness. The policy remains in force and the remaining death benefit is the original death benefit less the amount paid for terminal illness. If the terminal illness benefit payable is the same as the death benefit, the policy ends when we make this payment.
Terminal Illness Benefit. We will not pay the terminal illness benefit if it is due to: intentional acts (sane or insane) such as self-inflicted injuries, suicide or attempted suicide; AIDS, AIDS-related conditions or infection in the presence of HIV except HIV due to blood transfusion and occupationally acquired HIV.
Terminal Illness Benefit. We will not pay the Terminal illness Benefit if the Terminal illness is directly or indirectly, wholly or partly caused by:
Terminal Illness Benefit. 3.3.1. Subject to Sections 3.4, 4, 5, 9.4, 9.5 and 9.11 below, if the Life Insured is Diagnosed with Terminal Illness at any time during the Policy Term, We shall on receipt of Your written request, pay the following benefits to the Life Insured:
Terminal Illness Benefit. If You qualify for benefits under the definition of Terminally Ill, You may take a Penalty Free Withdrawal up to an amount equal to the Terminal Illness Withdrawal Percentage multiplied by the Accumulation Value. If You elect to take 100% of the Accumulation Value under this provision, the Contract will terminate after the benefit has been paid. If there are Joint Owners, the benefits under this Rider may only be elected once if either Joint Owner become Terminally Ill.
Terminal Illness Benefit. If the primary Life insured has a Terminal illness while the policy is in force and there is no appointed secondary Life insured, We will pay the death Benefit in one lump sum. If there is an appointed secondary Life insured, We will pay the death Benefit in one lump sum if the last surviving Life insured has a Terminal illness. The maximum aggregate amount payable is Five Million Singapore Dollars (SGD 5,000,000) per Life insured for all policies and riders issued by Us with Terminal illness Benefit. If the Terminal illness Benefit payable is lesser than the death Benefit, the death Benefit will be automatically reduced by the amount paid for the Terminal illness. The policy remains in force and the remaining death Benefit is the original death Benefit less the amount paid for Terminal illness. If the Terminal illness Benefit payable is the same as the death Benefit, the policy ends when We make this payment.
Terminal Illness Benefit. Withdrawal charges will be waived if the Primary Annuitant has a terminal illness. A terminal illness is an illness that is expected to result in the death of the Primary Annuitant in 12 months or less. An Owner requesting waiver of withdrawal charges is required to provide proof, satisfactory to the Company, of the Primary Annuitant’s terminal illness. The proof must include a certification from a licensed physician stating that the Primary Annuitant’s life expectancy is 12 months or less. No withdrawal charges will be waived if the determination that the Primary Annuitant’s life expectancy is 12 months or less was first made prior to the Issue Date. No Purchase Payments can be made to the contract once proof of terminal illness is provided to the Company.
Terminal Illness Benefit. Benefits under the Plan include a Terminal Illness Benefit. In the event that you are terminally ill, you may elect to receive this lump sum benefit, equal to 50% of your Death Benefit amount. You are considered terminally ill and eligible for this benefit if you have a life expectancy of less than six months, as certified in writing by a Physician and submitted to the Fund Office. If you elect to receive this benefit, the amount of the Death Benefit payable at the time of your death will be reduced by the amount of the Terminal Illness Benefit you received. Weekly Disability Benefits are only available under the Active Employee Program. If you are unable to work due to occupational disability, you may be eligible for workers’ compensation benefits. Contact your Employer or your local workers’ compensation office. Death Benefits are only available to Active, Disabled, and Retired Employees. AD&D Benefits are only available to Active, Disabled, and Retired Employees. 38 The Terminal Illness Benefit is a voluntary benefit that you must elect to receive. You are not eligible for this benefit if you are required by: • Law to use the proceeds from the Terminal Illness Benefit to meet claims of creditors (bankruptcy or otherwise); or • A governmental agency to use this benefit to apply for, get, or keep a governmental benefit. Accidental Death and Dismemberment (AD&D) Benefits (Active, Disabled, and Retired Employees Only) The Accidental Death and Dismemberment Benefit (AD&D) Benefit is paid if you sustain a loss as the result of an Injury. The loss must occur within 13 weeks of the Injury. If more than one loss occurs as the result of the same Injury, only one benefit, the greatest amount, will be paid. This benefit is in addition to any other benefits payable under this Plan. For loss of life, the benefit will be paid to your beneficiary; for any other loss, the benefit is payable to you. Loss of hands or feet means severance at or above the wrist joint or the ankle joint. Loss of sight means the total and permanent loss of sight. The amount of the benefit is shown on the Summary of Benefits insert for the Program under which you are covered. WHEN BENEFITS ARE NOT PAID Benefits are not paid for losses caused by: • Self-inflicted injuries or suicide or an attempt at suicide; • Physical or mental Sickness or infirmity, ptomaines or any kind of poisoning or bacterial infection; • Flying for training; and • An Injury or illness due to an act of war (declared or un...
Terminal Illness Benefit. (TIB): This benefit provides for the advance payment of 50% of sum assured in case of diagnosis of terminal illness. The remaining 50% sum assured will be payable on death.
