Examples of Term Life in a sentence
The amount of the benefit is equal to the amount of Employee Term Life Insurance under this Coverage you were entitled to convert.
If you die while a Covered Person, the amount of your Employee Term Life Insurance under this Coverage is payable when Prudential receives written proof of death.
The amount of the benefit is equal to the amount of Dependents Term Life Coverage which could have been converted.
If you cease to be insured for the Employee Term Life Insurance of the Group Contract for one of the reasons stated below, you may convert all or part of your insurance under this Coverage, which then ends, to an individual life insurance contract.
All Dependents Term Life Coverage of the Group Contract for your class ends by amendment or otherwise.
Effective Date: The end of the 31 day period after you cease to be insured for the Employee Term Life Insurance.
This privilege applies if you cease to be insured for the Dependents Term Life Coverage of the Group Contract with respect to a dependent.
When you elect this option, the total amount of Employee Term Life Insurance otherwise payable on your death, including any amount under an extended death benefit, will be reduced by the Terminal Illness Proceeds.
But, in no event may you convert the insurance to an individual contract if you do not apply for the contract and pay the first premium prior to the ninety-second day after you cease to be insured for the Employee Term Life Insurance.Individual Contract Rules: The individual contract must conform to the following: Amount: Not more than your Employee Term Life Insurance under this Coverage when your insurance ends.
Availability: You must apply for the individual contract and pay the first premium by the later of: (1) the thirty-first day after you cease to be insured for the Employee Term Life Insurance; and (2) the fifteenth day after you have been given written notice of the conversion privilege.