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.
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.
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.