Examples of Residual Disability in a sentence
If the Indexed Cost Of Living Benefit Rider is part of the policy, we will use the Adjusted Basic Monthly Benefit to calculate the Disability Benefit for Residual Disability.
RESIDUAL DISABILITY You will be eligible for a Disability Benefit during your Residual Disability if you meet the requirements below.
Disability Benefit / Disability Benefits means any benefit payment or payments for Total Disability or Residual Disability that are made under this policy.
The Disability Benefit for Residual Disability will be based on your Loss Of Income and calculated as follows: If your Loss Of Income divided by your Indexed Predisability Earnings is: • more than 80%, the Disability Benefit will equal the Basic Monthly Benefit.
Disability Benefits will no longer be payable for Residual Disability on the date that the first of the following events occurs: • you are no longer Residually Disabled; • your Loss Of Income is no longer solely due to the Injury or Sickness that caused your Disability; • you no longer have either a Loss Of Duties or a Loss Of Time solely due to the Injury or Sickness that caused your Disability; • you become Totally Disabled; or • the Maximum Benefit Period ends.
You will be eligible for a Disability Benefit during your Residual Disability if you meet all the requirements below.
However, for the first six months that a Disability Benefit is payable for Residual Disability, we will pay no less than 50% of the Basic Monthly Benefit.
The Disability Benefit for Residual Disability will be based on your Loss Of Income, as shown below.
The Disability Benefit for Residual Disability will be paid when you have a Loss Of Income, and either a Loss Of Duties or a Loss Of Time, due to your Injury or Sickness.
If you choose to work at any job, you will not be considered Totally Disabled under this policy, but you may qualify for Residual Disability, as found in the residual disability rider.