Value protection definition

Value protection means that, if you die before your 75th birthday, and you have not moved to a fixed income (see section 26), a lump sum will be paid.
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Value protection means that, if you die before your 75th birthday, and you have not moved to a fixed income (see section 27), a lump sum will be paid to your estate or as instructed by your executors.
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Value protection means a lump sum benefit which, if selected, may be payable on your death as described in Section 8. "we", "us" and "our" refers to Just Retirement Limited. "you" this is the individual entitled to receive the Pension and is named as the “Policyholder” in the Policy Schedule.
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Examples of Value protection in a sentence

  • Net Book Value protection will extend to the undepreciated value of any additional new facilities required.

  • These Defaulted Securities would not be accorded Book Value protection, but instead would be valued at their impaired market value, impacting the value of the stable value fund.

  • Value protection is ordered in writing by the shipper or if protection defaults to Actual Cash Value up to $20,000 because no value is declared, the mover shall guarantee recovery for articles lost and damaged while in its possession at the actual cash value up to the declared value, or if none, $20,000.

  • The maximum fixed rate for Actual Cash Value protection provided by the mover will be $0.80 for each $100 (or fraction thereof) of the declared value.

  • Damages caused to used, refurbished and/or rebuilt goods will be excluded from Customized Declared Value protection.


More Definitions of Value protection

Value protection. – means the lump sum to protect your original pension fund which will be payable if you, and any beneficiary, die before the maturity date.
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Value protection means a lump sum benefit which, if selected, may be payable on your death as described in Section 8.
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Related to Value protection

  • MFN Protection has the meaning set forth in Section 2.14(e)(iii).

  • Fire Protection means all aspects of fire safety including but not limited to fire prevention, firefighting or Fire Suppression, pre-fire planning, fire investigation, public education and information, training or other staff development;

  • Cathodic protection means a technique designed to prevent the corrosion of a metal surface by making that surface the cathode of an electrochemical cell. For example, protection can be accomplished with an impressed current system or a galvanic anode system.

  • Flood Protection System means those physical structural works for which funds have been authorized, appropriated, and expended and which have been constructed specifically to modify flooding in order to reduce the extent of the area within a community subject to a "special flood hazard" and the extent of the depths of associated flooding. Such a system typically includes hurricane tidal barriers, dams, reservoirs, levees or dikes. These specialized flood modifying works are those constructed in conformance with sound engineering standards.

  • Paycheck Protection Program means loan program created by Section 1102 of the CARES Act.