WOP Benefit definition

WOP Benefit means the benefit of the waiver of premium (WOP) due in the future on the occurrence of any CI and/or ATPD of the Life Assured, based on the Variant chosen in the Policy. Please refer to Section 4)c) below for more details.
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WOP Benefit means the Add-on Cover benefit of the waiver of premium (WOP) due in the future on the occurrence of CI (incl. ATPD) of the Life Assured. Please refer to Section 4) a) v and vi below for more details.
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WOP Benefit means Waiver of Premium Benefit
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More Definitions of WOP Benefit

WOP Benefit means the benefit of the waiver of premium (WOP) due in the future on the occurrence of ATPD or TI of the Life Assured. Please refer to Section 4 below for more details.
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WOP Benefit means the benefit payable on the death or ATPD of the Life Assured (whichever is earlier) calculated in accordance with Section 5a) below.
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WOP Benefit means the Waiver of Premium Benefit, which if applicable in the Variant chosen in the Policy, is a waiver of the future Regular Premium due, on the first occurrence of any death, CI and/or ATPD (as applicable) of the Life Assured who is also the Policyholder. Please refer to Section 4 below for more details.
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Related to WOP Benefit

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Accrued Benefit have the meanings specified in ERISA.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Termination Benefit means the benefit set forth in Article 7.