Maximum Lifetime Benefit definition

Maximum Lifetime Benefit means the maximum benefit payable while a person is covered under this Plan. The Maximum Lifetime Benefit will not be construed as providing lifetime coverage, or benefits for a person’s Illness or Injury after coverage terminates under this Plan.
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Maximum Lifetime Benefit means the maximum benefit payable by WMI to any insured individual during their lifetime regardless of the named policyholder. This includes any amounts payable pursuant to COBRA, state extension of benefits, and conversion provisions.
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Maximum Lifetime Benefit means the maximum benefit payable by WMI to any insured individual during their lifetime regardless of the named policyholder. This includes any amounts payable pursuant to COBRA, state extension of benefits, and conversion provisions. For conversion provisions, benefits payable during the first year of the conversion policy, together with the benefits paid for the individual under the group policy, shall not exceed those that would have been payable had the individual’s insurance under the group policy remained in force.
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Examples of Maximum Lifetime Benefit in a sentence

  • A Maximum Annual and/or Maximum Lifetime Benefit may apply to each Procedure Class.

  • MAXIMUM BENEFIT The amount payable by the Plan will not exceed any Maximum Benefit or Maximum Lifetime Benefit as stated in the Schedule of Medical Benefits, for any reason.

  • See the current Schedule of Benefits for the Maximum Lifetime Benefit in effect.

  • This benefit is not subject to Your Maximum Monthly Benefit, but it is subject to Your Maximum Lifetime Benefit.

  • The payment will not exceed the Maximum Lifetime Benefit and any other applicable maximums shown in the Summary of Benefits.

  • Any amount in excess of the Maximum Lifetime Benefit or any other Maximum Benefit limitation for covered Scheduled Benefits.

  • The Maximum Lifetime Benefit under any combination of Home Health Care benefits and Long Term Care Facility benefits is equal to the lesser of the Long Term Care Specified Amount and the quantity, base policy Specified Amount (including the Additional Protection Rider) minus policy Indebtedness.

  • Your unused Maximum Lifetime Benefit will also increase by 3% or 5% on each Annual Contract Date.

  • The Maximum Lifetime Benefit applies only to charges incurred while the person is covered under this Plan.

  • Eligibility for Payment of Benefits:To be eligible for benefits provided by the Contract, You must be certified as a Chronically Ill Individual pursuant to a Plan of Care prescribed by a Licensed Health Care Practitioner and Your claim for benefits must be approved by Us.This certification must have been made within the 12 months preceding Your request for benefits.Benefits are payable only for Qualified Long-Term Care Services and all benefits are subject to Your Maximum Lifetime Benefit.


More Definitions of Maximum Lifetime Benefit

Maximum Lifetime Benefit means the maximum benefit payable while a person is covered under this Plan. It will not be construed as providing lifetime coverage, or benefits for a person’s Dental condition or dental disease after coverage terminates under this Plan.
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Maximum Lifetime Benefit means the maximum benefit payable by WMI to any insured individual during their lifetime regardless of the named policyholder. This
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Maximum Lifetime Benefit means the maximum sum of Extended Health and Vision Care Benefits specified in Section 4 hereof.
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Related to Maximum Lifetime Benefit

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • 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.

  • Lifetime limit means once you’ve reached this benefit limit you can no longer claim that benefit in any future year of membership, even if you change your cover.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Service benefit means the credit toward retirement benefits as determined by the

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Lifetime Rate Cap The provision of each Mortgage Note related to an Adjustable Rate Mortgage Loan which provides for an absolute maximum Mortgage Interest Rate thereunder. The Mortgage Interest Rate during the terms of each Adjustable Rate Mortgage Loan shall not at any time exceed the Mortgage Interest Rate at the time of origination of such Adjustable Rate Mortgage Loan by more than the amount per annum set forth on the related Mortgage Loan Schedule.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

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

  • Lifetime means the time period over which Energy Savings will be delivered and for the purposes of Schedules B, C, D, E, and G are for reference only, as the relevant time period is already taken into account in the savings factors in those Schedules.

  • 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.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

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

  • Maximum Lifetime Mortgage Rate The maximum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Termination Benefit means the benefit set forth in Article 7.

  • Fringe benefit means health insurance, a retirement benefit received under a pension plan or defined contribution plan, a paid vacation day, a paid holiday, sick leave, or any other similar employee benefit provided by an employer.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Extended benefit period means a period which: