Death and Terminal Illness Benefit definition

Death and Terminal Illness Benefit means the Benefit for the amount shown in the Policy Document (or any increased or reduced amount in accordance with this Policy) and provided under Part 2 of this Policy, subject to, in the case of a claim for Terminal Illness, the Insured meeting the definition of ‘Terminal Illness’ in clause 2.1.
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Death and Terminal Illness Benefit means the Sum Insured payable under this Policy on the death or Terminal Illness of the Insured.
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Death and Terminal Illness Benefit means the Benefit for the amount shown in the Policy Document (or any increased or
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Examples of Death and Terminal Illness Benefit in a sentence

  • Death and Terminal Illness Benefit pays out 15% of the original sum assured.

  • Settle (2003) discussed the National Oceanic and Atmospheric Administration/National Ocean Services’ National Centers for Coastal Ocean Science (NOAA) report entitled Assessment of Potential Larval Entrainment Mortality Due to Hydraulic Dredging of Beaufort Inlet.

  • Upon resumption of the premium payment after 24 months, your premiums will be adjusted to the corresponding remaining sum assured.4. Death and Terminal Illness Benefit pays out 15% of the original sum assured.

  • ALI Group Loan Protection Plan PDSHow we work out your benefit amountsDeath and Terminal Illness BenefitWhen your policy starts, your Death and Terminal Illness Benefit is equal to the total amount of your loan, rounded up to the next $10,000.If your loan hasn’t yet been funded, we base your cover on the loan application amount, subject to a minimum and maximum amount.

  • Upon resumption of the premium payment after 24 months, your premiums will be adjusted to the corresponding remaining sum assured.3. Death and Terminal Illness Benefit pays out 15% of the original sum assured.

  • For loans of less than $50,000 the benefit is $50,000 and for loans of more than $750,000, the benefit is capped at $750,000.The maximum total of the Death and Terminal Illness Benefit amounts is $750,000.

  • Changing your benefit amountsWhen you apply, or at any time during the termof the policy, you can ask to reduce your Death and Terminal Illness Benefit.

Related to Death and Terminal Illness Benefit

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Medical Benefits means medical, optical, or dental benefits, including, but not limited to, hospital and physician services, prescription drugs, and related benefits.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Disability retirement for plan 1 members, means the period

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Termination Benefit means the benefit set forth in Article 7.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Employment benefits means all benefits provided or made

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.