Net death benefit definition

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

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Net death benefit means, with respect to a Policy, the amount projected to be paid by the Issuing Insurance Company to the Borrower or the Securities Intermediary on its behalf as a result of the death of the related Insured.

Net death benefit means the amount of the life insurance policy or certificate to

Examples of Net death benefit in a sentence

In the event that the Bank determines that the Net Death Benefit has decreased or is likely to decrease below said amount, the Bank shall increase the premium payments in order to avoid this result.
Notwithstanding anything to the contrary herein, Bank shall ensure that the Net Death Benefit under the Policy is never less than Eight Hundred Sixty-Five Thousand Five Hundred Thirty-Seven Dollars ($865,537) for as long as this Agreement is in effect.
Notwithstanding anything to the contrary herein, Bank shall ensure that the Net Death Benefit under the Policy is never less than Two Million Two Hundred Seventy-One Thousand Three Hundred Eighty-Six Dollars ($2,271,386) for as long as this Agreement is in effect.
Notwithstanding anything to the contrary herein, Bank shall ensure that the Net Death Benefit under the Policy is never less than One Million One Hundred Fifty Thousand Thirty Three Dollars and 00/100($1,150,033.00) for as long as this Agreement is in effect.
Notwithstanding anything to the contrary herein, Bank shall ensure that the Net Death Benefit under the Policy is never less than One Million Two Hundred Seventy-Six Thousand Three Hundred Five Dollars ($1,276,205) for as long as this Agreement is in effect.

More Definitions of Net death benefit

Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debt or lien.

Net death benefit means, with respect to any Policy, as of any date of determination, the death benefit payable under such Policy net of any Policy Loan (and accrued interest) as of such date of determination.

Net death benefit means the amount of the life insurance

Net death benefit shall be the death benefit payable under the terms of the Policy reduced by the aggregate premiums paid by the Bank. Notwithstanding anything to the contrary herein, Bank shall ensure that the Net Death Benefit under the Policy is never less than Two Million Two Hundred Seventy-One Thousand Three Hundred Eighty-Six Dollars ($2,271,386) for as long as this Agreement is in effect. In the event that the Bank determines that the Net Death Benefit has decreased or is likely to decrease below said amount, the Bank shall increase the premium payments in order to avoid this result.

Net death benefit means the amount of the policy to be

Net death benefit means the amount of the

Net death benefit shall be the death benefit payable under the terms of the Policy or Policies reduced by the aggregate premiums paid by the Company.