Basic Death Benefit Sample Clauses

Basic Death Benefit. The Basic Death Benefit of the Policy to which this rider is attached is modified to include the Term Insurance Benefit under this rider. The Basic Death Benefit prior to the Maturity Date will be as follows:
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Basic Death Benefit. Represented employees shall be entitled to the basic death benefit amount as specified in California Public Employees Retirement Law Section 21536.
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Basic Death Benefit. The Basic Death Benefit on any day is the greater of the Accumulated Value on that day and the adjusted sum of premiums determined as follows: As of the day a premium is received by us, the sum is increased by the amount of that premium. As of the day that a Partial Surrender is made, the sum is decreased by the same proportion as the Accumulated Value was decreased by that surrender.
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Basic Death Benefit. On any day after any Annuitant has attained age 80, the Premium Accumulation Death Benefit is the sum of the amount calculated above on the age 80 Contract Anniversary and any premiums received by us after that anniversary, adjusted as in (1) above for any Partial Surrenders made after that anniversary. If this contract has been continued under the Annuitant Exchange (see Section 7.6), then on any date after the Exchange Date, items (1) and (2) above will be determined using only premiums and Partial Surrenders made on or after the Exchange Date and the Accumulated Value on the Exchange Date will be deemed a premium paid on that date for the purposes of this provision. 7.5
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Basic Death Benefit. 7 Beneficiary.......................... 12
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Basic Death Benefit. The Basic Death Benefit prior to the Maturity Date will be as follows:
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Basic Death Benefit. The Basic Death Benefit is the greater of: - Purchase Payments less the sum of any reductions in Contract Value attributable to partial withdrawals during the Owner's lifetime (including applicable charges); or - the Contract Value.
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Basic Death Benefit. If the Annuitant dies at or after age 75 and before the Annuity Start Date, the Beneficiary will receive a Death Benefit. The Death Benefit will be equal to the greater of:
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Basic Death Benefit. What does the beneficiary receive upon death of the annuitant before the annuity payout date? If the annuitant dies before the annuity payout date, your contract provides for the beneficiary to receive Proceeds from the contract. The Proceeds equal (i) the Contract Value and (ii) any Death Benefit Adjustment, on the calculation date as described below. After the annuity payout date, unless a rider provides otherwise, your contract will no longer qualify for any Death Benefit Adjustment upon the death of the Annuitant.
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Related to Basic Death Benefit

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Pre-Retirement Death Benefit 4.1 (a) Normal form of payment. If (i) the Director dies while employed by the Bank, and (ii) the Director has not made a Timely Election to receive a lump sum benefit, this Subsection 4.1(a) shall be controlling with respect to pre-retirement death benefits. The balance of the Director=s Retirement Income Trust Fund, measured as of the later of (i) the Director=s death, or (ii) the date any final lump sum Contribution is made pursuant to Subsection 2.1(b), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable for the Payout Period. Such benefits shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no additional contributions to the Retirement Income Trust Fund shall be required by the Bank in order to fund the final benefit payment(s) and make up for any shortage attributable to the less-than-expected rate of return. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is greater than the rate of return used to annuitize the Retirement Income Trust Fund, the final benefit payment to the Director=s Beneficiary shall distribute the excess amounts attributable to the greater-than-expected rate of return. The Director=s Beneficiary may request to receive the unpaid balance of the Director=s Retirement Income Trust Fund in a lump sum payment. If a lump sum payment is requested by the Beneficiary, payment of the balance of the Retirement Income Trust Fund in such lump sum form shall be made only if the Director=s Beneficiary notifies both the Administrator and trustee in writing of such election within ninety (90) days of the Director=s death. Such lump sum payment shall be made within thirty (30) days of such notice. The Director=s Accrued Benefit Account (if applicable), measured as of the later of (i) the Director's death or (ii) the date any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account pursuant to Subsection 2.1(c), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable to the Director's Beneficiary for the Payout Period. Such benefit payments shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death, or if later, within thirty (30) days after any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account in accordance with Subsection 2.1(c).

  • Pre-Retirement Death Benefits Should the Executive die while --------- ----------------------------- in the service of the Bank and prior to the occurrence of his 55th birthday, the Bank will pay $2,070 per month for a continuous period of 120 months to the Beneficiary or Beneficiaries of the Executive. The first such monthly installment payment shall be made on a date to be determined by the Bank, but in no event later than the first day of the sixth calendar month following the calendar month in which the Executive died. In the event of the death of the last living Beneficiary before all installment payments shall have been made, the balance of any payments which remain unpaid at the time of such Beneficiary's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the estate of the last Beneficiary to die. In the absence of any such beneficiary designation, or if no Beneficiary survives the Executive, any payments remaining unpaid at the Executive's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the Executive's estate.

  • PAYMENT OF DEATH BENEFIT The Company will require due proof of death before any death benefit is paid. Due proof of death will be:

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Death Benefit Amount The Death Benefit Amount as of any Business Day prior to the Annuity Date is equal to the greater of:

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