Accelerated benefits means benefits payable under a life insurance contract to a policyowner or certificateholder, during the lifetime of the insured, in anticipation of death or upon the occurrence of specified life-threatening or catastrophic conditions as defined by the policy or rider that reduce the death benefit otherwise payable under the life insurance contract and that are payable upon the occurrence of a single qualifying event that results in the payment of a benefit amount fixed at the time of acceleration. Accelerated benefits do not include benefits payable to an insured under a long-term care insurance policy.

Accelerated benefits means benefits payable under an individual or group life insurance policy. They are primar- ily mortality risks, rather than morbidity risks. Accelerated benefits may also mean optional modes of settlement of pro- ceeds under life insurance policies. Accelerated benefits are benefits:

Accelerated benefits means benefits that meet the following conditions:

Examples of Accelerated benefits in a sentence

Accelerated benefits are exercised as provided in the life insurance policy or contract and consistent with applicable law.
The Industrial Court retains jurisdiction even if it were to be accepted that the Applicant is no longer an employee of the Respondent.
Accelerated benefits will be made available to you on a voluntary basis only.
Accelerated benefits are not permitted if you have assigned your life insurance benefit to another individual or to a trust.The ABO is intended to qualify for favorable tax treatment under the Internal Revenue Code such that the benefits will be excludable from your U.S. federal income and not subject to U.S. federal taxation.
The received data shall be compared to the actual book keeping system and the system of accounting of economic operations, which is currently in use at the inspected facility, in order to identify deviations and risks of losses and nonproductive spending; - Carrying out a partial (sample) or total inventory of material assets in order to establish their ac- tual availability and compliance to the accounting data.

More Definitions of Accelerated benefits

Accelerated benefits means benefits payable under a life insurance policy sold in this state: (A) During the lifetime of the insured, in a lump sum or in periodic payments, as specified in the policy, (B) upon the occurrence of a qualifying event, as defined in the policy, and certified by a physician, a physician assistant or an advanced practice registered nurse who is licensed under the laws of a state or territory of the United States, or such other foreign or domestic jurisdiction as the Insurance Commissioner may approve, and (C) which reduce the death benefits otherwise payable under the life insurance policy.

Accelerated benefits means the benefits that are payable under a policy and that meet all of the following criteria:

Accelerated benefits means benefits payable under a life insurance contract that:

Accelerated benefits means the amount of life insurance that will be paid in accordance with the terms and conditions of this Plan prior to your death if the conditions of this Accelerated Life Insurance Benefit provision are met.

Accelerated benefits means amounts payable in advance of the time life insurance benefits would otherwise be payable because of the occurrence of a terminal illness or a qualified covered condition.

Accelerated benefits. ’ shall mean bene- fits that meet the following conditions: