Involuntary Unemployment means the life insured:
Involuntary Unemployment means job-loss or layoff which is not attributed to your action, misconduct, option, or desire and was not anticipated on or prior to the Effective Date of Insurance.
Involuntary Unemployment means that the insured has not terminated their employment without an ac- ceptable reason or been suspended from work ow- ing to inappropriate conduct.
Examples of Involuntary Unemployment in a sentence
Involuntary Unemployment cover Part 3 – Involuntary Unemployment cover applies only if the policy schedule shows that it applies and you have paid or agreed to pay the premium set out on the policy schedule for it.
Includes Credit Involuntary Unemployment; excludes Mortgage Guaranty.
In the event disability or Involuntary Unemployment claim forms are received after 90 days from the onset of the event, benefits will only be retroactively considered for the 90 days prior to the receipt of the claim forms.
After the Waiting Period, successive periods of Involuntary Unemployment separated by less than one month of continuous employment are considered a continuation of a period of Involuntary Unemployment and not subject to a new Waiting Period.
The amount paid for periods of Involuntary Unemployment which are less than one month will be calculated at a daily rate of 1/30th of the Insured Monthly Payment.
More Definitions of Involuntary Unemployment
Involuntary Unemployment means that the life insured becomes unemployed due to retrenchment, redundancy or employer insolvency. It does not mean retirement, unpaid leave, the end of a fixed term contract or dismissal from employment.
Involuntary Unemployment or “Involuntarily Unemployed” means involuntary termination of the Insured Person’s full-time (at least 30 hours per week) permanent employment, other than an excluded basis for termination of employment described in the “Exclusions for Involuntary Unemployment Benefits” section below.
Involuntary Unemployment means that your or a Higher Wage Earner’s employment ended due to:
Involuntary Unemployment or “Involuntarily Unemployed” means involuntary termination of the Insured Person’s Gainful Employment, other than an excluded basis for termination of employment described in the “Exclusions and Limitations for Involuntary Unemployment Benefits” section below.
Involuntary Unemployment means your loss of full time employment, and are newly qualified for, continues to qualify for, and actively receives federal or state unemployment benefits under applicable federal or state rules.
Involuntary Unemployment means a certificate holder’s loss of full time employment, and the certificate holder newly qualified for, continues to qualify for, and actively receives federal or state unemployment benefits under applicable federal or state rules.
Involuntary Unemployment. Involuntary Unemployment means that You involuntarily lost Your Full-Time Employment. Involuntary Unemployment includes an honorable discharge from Active Duty service by the United States Armed Forces. To qualify for Involuntary Unemployment protection, the following requirements must be met: (a) Actively at Work for income twenty-five (25) hours or more per week at the time of enrollment in the Program; (b) You are involuntarily unemployed for thirty (30) consecutive days; (c) You are receiving unemployment benefits for the period of unemployment for which You are making a Protection Activation filing under this Agreement; and (d) You are actively seeking Full-Time Employment. Note: An award for Involuntary Unemployment benefits from Your state agency does not guarantee cancellation of Your Protected Periodic Payment under this Agreement. You are required to provide Us or Our Administrator with initial proof that You are receiving federal, state, or railroad unemployment benefits for the occurrence of unemployment You are requesting Protection Activation. We will determine if You meet the definition of involuntarily unemployed in Our sole judgment and discretion based on information and documents provided for Our review. You must continue to provide Us or Our Administrator with proof of Your continued Involuntary Unemployment each month throughout the period for which Daily Payments are being canceled by demonstrating Your continued registration with a state unemployment office or a recognized employment agency along with proof of Your continued receipt of unemployment benefits. We will cancel the Daily Payment for each day that You are involuntarily unemployed, beginning with the latter of the first (1st) day of Involuntary Unemployment, or the first (1st) day after any severance pay has ceased and continuing until canceled as set forth below. Cancellation of Your Protected Periodic Payment will stop upon the earliest of the following events to occur: (a) We have canceled six (6) months of Daily Payment per occurrence of Involuntary Unemployment; (b) Your entire Protected Balance has been canceled; or (c) We have canceled a maximum amount of $6,000.00 of Daily Payment per occurrence of Involuntary Unemployment. If joint protection is in effect and both Borrowers are simultaneously (defined as occurring at or around the same time) involuntarily unemployed, We will cancel the Protected Periodic Payments as though only one Borrower was involuntarily unempl...