Death Benefit definition

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.

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Death Benefit means the benefit set forth in Article 9.

Death Benefit means the benefit which becomes payable on the Life Assured’s death in accordance with Part C of this Policy.

Examples of Death Benefit in a sentence

The following Death Benefit provisions and the Contract shall in all events, be construed in a manner consistent with Section 72(s) of the Internal Revenue Code of 1986, as amended.
The Death Benefit may be paid as: •a lump sum payment or series of withdrawals that are completed within five years from the date of death; or •Annuity Payments made over a person’s life or life expectancy.
The person(s) or entity (or entities), designated by the Owner(s) to receive the Death Benefit.
The Death Benefit is determined on the day we receive proof of death.
The Contract is an agreement between Symetra Life and you, the Owner, where we promise to pay the Payee (you or someone you choose) an income in the form of Annuity Payments, beginning on the date you select, or a Death Benefit.

More Definitions of Death Benefit

Death Benefit means the amount payable to the claimant on death of the Life Assured during the Policy term, as agreed at inception of the Policy contract, provided the Policy has not lapsed or terminated

Death Benefit means the insurance amount payable under the Certificate at death of the Insured. It does not include any amount that is only payable in the event of Accidental Death.

Death Benefit means the benefit payable on the death of the Life Assured. Please refer to Section 4) below for more details.

Death Benefit means the benefit payable on the death of the Life Assured, as mentioned in the Schedule and calculated in accordance with Section 5a) below

Death Benefit shown in the Schedule is initially set equal to the Account Value as of the Business Day we receive proof of death. The entire interest in this Contract must be distributed to the new Beneficiary in accordance with the provisions of 3.a. or 3.b. above. If there is more than one Beneficiary, the foregoing provisions will independently apply to each Beneficiary.

Death Benefit means an amount which will be highest of the following:

Death Benefit means the benefit which is payable on death of Life Assured, as stated in the Policy Document.