Coverage Option definition

Coverage Option. C The death benefit will be the greater of:
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Coverage Option. B The death benefit is the total sum insured on the date of death of the last surviving Insured, plus the contract value on the date of such death.
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Coverage Option. A: Death benefit equals the Total Sum Insured at the time of death. (Effective: July 01, 1997)
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Examples of Coverage Option in a sentence

  • SoFi Bank offers two optional overdraft features: (a) linking SoFi Checking and SoFi Savings Accounts to cover SoFi Checking Account Overdrafts (“Overdraft Protection”), and (b) SoFi’s Overdraft Coverage Option.

  • There are no fees or interest associated with the Overdraft Coverage Option.

  • The initial Projected Payout Multiple used to reimburse the Company for its losses shall not exceed the Projected Payout Multiple as calculated based on the capacity needed to provide the FHCF’s mandatory coverage and the Additional Coverage Option (up to $10 million) pursuant to Section 215.555(4)(b)4., Florida Statutes, as provided under Addendum No. 1.

  • The following options are add-on surcharges/options and apply ONLY if they have been selected by You as indicated on the Application Page: [COMMERCIAL USE OPTION: If You have selected the Commercial Use Coverage Option as indicated on the Application Page of this Contract, See the Commercial Use Definition for specific eligible uses.

  • The initial Coverage Option is shown in Section 1, Contract Data.

  • We have the right to decline any Coverage Option change that we determine would disqualify this contract as life insurance under applicable tax laws.

  • Full-time employees married to other full-time employees also drawing benefits will be provided one Health/Dental Coverage Option for the family.

  • The amount of Proceeds payable upon the Insured’s death is determined according to the Coverage Option you have elected.

  • The Liability Limit for each coverage section applies for each Beneficiary, for total of the amount shown in the Beneficiary Coverage Summary, as per selected Coverage Option.

  • Federal Benefit Options Required Elected Declined N/A Federal Employees Group Life Insurance (FEGLI) Basic Coverage Option A Option B x1 x2 x3 x4 x5 Option C x1 x2 x3 x4 x5 Federal Civil Service Retirement System Thrift Savings Plan Federal Withholding for Medicare Only (Federal employees) Payroll Withholding for (all) Social Security Programs Federal Employee Health Benefits .


More Definitions of Coverage Option

Coverage Option. Printer Selection Standard Advantage Advantage Plus Comprehensive Option INDUSTRIAL 0 C D C Printer Selection
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Related to Coverage Option

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Employee Option means an Option granted pursuant to Section 5.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • insurance period means a contribution period or an equivalent period;