Last Monthly Benefit definition

Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.
Last Monthly Benefit means the gross Monthly Benefit payable to you prior to your death without any reduction for earnings received from employment.
Last Monthly Benefit means the net Monthly Benefit payable to you prior to your death.

Examples of Last Monthly Benefit in a sentence

  • The lump sum benefit will be an amount equal to three times the Covered Person’s Last Monthly Benefit.

  • The lump sum benefit will be an amount equal to three times your Last Monthly Benefit.


More Definitions of Last Monthly Benefit

Last Monthly Benefit means the gross Monthly Benefit payable to the Covered Person prior to his death without any reduction for earnings received from employment.
Last Monthly Benefit means the monthly benefit paid to you immediately prior to your death but not including any reduction for wages earned while in rehabilitative employment.
Last Monthly Benefit means the Gross Monthly Benefit payable to you immediately prior to death. Any reductions for Other Income Benefits, or for earnings you received for Partial Disability Employment, will not apply.
Last Monthly Benefit means the Monthly Benefit paid to you immediately prior to your death without any reduction for earnings received from service.
Last Monthly Benefit means the Monthly Benefit paid to you immediately prior to your death but not including any reduction for earnings.
Last Monthly Benefit means the Monthly Benefit paid to the Covered Person immediately prior to his death without any reduction for earnings received from employment.

Related to Last Monthly Benefit

  • Monthly Benefit means the monthly amount payable by Lincoln to you if you are Disabled or Partially Disabled.

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

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • 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.