Living Benefits definition

Living Benefits as used in this agreement, refers to benefits paid under such riders. VALGB Rider Form # Description ------------------ ----------- GA-RA-1047 Minimum Guaranteed Income Benefit Rider GA-RA-1045 Minimum Guaranteed Accumulation Benefit Rider GA-RA-1048 Minimum Guaranteed Withdrawal Benefit Rider
Living Benefits. [ ] I/We hereby elect the Lincoln SmartSecurity(SM) Advantage/2/ - 5-year Elective Step-up. [ ] I/We hereby elect the Lincoln SmartSecurity(SM) Advantage/2/ - 1-year Automatic Step-up.
Living Benefits means any payment during the Insured Person’s life.

Examples of Living Benefits in a sentence

  • Your Assisted Living Benefits will be paid to you at the same time LTD Benefits are payable.

  • Your right to receive Assisted Living Benefits will not be affected by the occurrence of the events described in 1 or 2 below that become effective after you become Disabled.

  • Additional Considerations and Requirements for Assumptions Applicable to Guaranteed Living Benefits Experience for contracts without guaranteed living benefits may be of limited use in setting a lapse assumption for contracts with in-the-money or at-the-money guaranteed living benefits.

  • We will pay Assisted Living Benefits within 60 days after Proof Of Loss is satisfied.

  • Specify the unit name:The Office of Community Living, Benefits and Services Management Division(Do not complete item A-2)Another division/unit within the state Medicaid agency that is separate from the Medical Assistance Unit.

  • If you are within 5 years of the termination of your basic life coverage, you may not apply for a commercial loan under the Sun Life Living Benefits Loan Program.

  • ABOUT LIVING BENEFITS If You incur a Terminal Condition while insured under the Policy, You, Your Spouse or Your legal representative may submit a Written Request for Living Benefits.

  • You should consult Your personal tax advisor or the Social Security Administration before requesting Living Benefits.

  • We will pay Living Benefits to You in a lump sum, provided You are living at the time payment is made.

  • The case would be returned to FIC for review at the end of April and then the Board for clarity on funding.


More Definitions of Living Benefits

Living Benefits means policy moneys which are paid out before the death of the insured.
Living Benefits means the amount of life coverage that you may elect to place under this option. The benefits is a one-time lump sum payment which is equal to of your total amount of life coverage (shown in the Summary of Coverages) in effect on the date Great-West Life receives proof that you are terminally sick, to a maximum of However, the living benefits may be reduced if, within months after the date Great-West receivessuch proof, a reductionon account of age have applied to your amount of life coverage. In that case, the amount of living benefits will be of your amount of life coverage applyingthe reduction, subject to the living benefits maximum,
Living Benefits means (i) the Cancer Benefit under provision B1; and (ii) Carcinoma-in-situ or EarlyStage Cancer Benefit under provision B2.

Related to Living Benefits

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

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Employment benefits means all benefits provided or made

  • 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:

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Basic Conditions of Employment Act means the Basic Conditions of Employment Act, 1997 (Act No. 75 of 1997);

  • Health benefits plan means a benefits plan which pays or

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Fringe benefits means the amount of:

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Essential Health Benefits means, under section 1302(b) of the Patient Protection and Affordable Care Act, those health benefits to include at least the following general categories and the items and services covered within the categories: ambulatory patient services; Emergency Services; hospitalization; maternity and newborn care; mental health and substance abuse disorder services, including behavioral health treatment; prescription drugs; rehabilitative and habilitative services and devices; laboratory services; preventive and wellness services and chronic disease management; and pediatric services, including oral and vision care.

  • 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;

  • Bereavement Pay Benefits means the benefits as set out in Article II hereof.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • 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:

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Termination Benefits means the benefits described in Section 4.1(b).