Examples of Minimum death benefit in a sentence
Minimum death benefit The benefits payable on or after the death of a non-retired member are guaranteed to be at least equal to the member's contributions to the Plan and to the AEPP with credited interest.
BENEFIT TYPESSUMMARY Death BenefitWe will pay the highest of the following Sum Assured (less withdrawals@) Unit Fund Value Minimum death benefit The policy will terminate and no more benefits will be payable.
In case of the Life Assured’s unfortunate demise, we will pay the highest of the following to the nominee.• Sum Assured (less all withdrawals made during the two year period immediately preceding the death of Life Assured)• Unit Fund Value.• Minimum death benefit of 105% of the total premiums paid.The policy will terminate thereafter and no more benefit will be payable.
Minimum death benefit which is equal to 105% of total premiums received upto the date of death.
Minimum death benefit applies; see "Death Benefit Options -- Minimum Death Benefit" for further details.