Minimum death benefit definition
Minimum death benefit means the amount of the guaranteed death benefit, other than incidental insurance benefits, payable under a variable life insurance policy regardless of the investment performance of the separate account.
Minimum death benefit means 105% (Hundred and Five percent) of the total Single Premium/Regular Premium received until the Life Insured's death;
Minimum death benefit means 105% (Hundred and Five percent) of the total Regular Premiums received until Life Insured's death;
Examples of Minimum death benefit in a sentence
This rider provides a benefit (the Overloan Protection Feature) that, if exercised, both protects the Policy from Lapse and provides a Minimum Death Benefit.
More Definitions of Minimum death benefit
Minimum death benefit means an amount calculated in accordance
Minimum death benefit means an amount which is higher of Sum Assured or 105% of total Premiums received till date of death of Life Insured;
Minimum death benefit. The Minimum Death Benefit is equal to the sum of I and II below: I. The Accumulation Value allocated to Excluded Funds; and II.
Minimum death benefit is the minimum amount payable upon the death of a Participant prior to age 70 and before any annuity income option has commenced.
Minimum death benefit means an amount calculated in accordance with 6.7 which is payable after the later of (a) the date of death of the survivor of the Participant and his Spouse, or (b) the date upon which a Survivor Pension is no longer payable under the Plan to or for the benefit of the Participant's Dependent Child(ren).
Minimum death benefit means $925,000.
Minimum death benefit means the amount determined for an eligible Member as of December 31, 2002 as the "Minimum Death Benefit" in accordance with the Pre-revision Plan;