Monthly Benefit definition

Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

Monthly Benefit means the amount payable by the Company to you if and when you are a disabled insured.

Monthly Benefit means the monthly benefit calculated and paid to Program participants in accordance with the Program Guidelines.

Examples of Monthly Benefit in a sentence

• The amount will be determined each month as follows: your Loss Of Income _ x the Basic Monthly Benefit your Indexed Predisability Earnings • less than 20%, no Disability Benefit is payable.

• 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.

• On each subsequent Change Date, the Adjusted Basic Monthly Benefit on and after that Change Date is equal to the Adjusted Basic Monthly Benefit before that Change Date, multiplied by the Adjustment Rate of that Change Date.

• On the first Change Date, we will adjust the Basic Monthly Benefit by multiplying the Basic Monthly Benefit by the Adjustment Rate.

• The MCOP shall maintain the integrity of its membership data through reconciliation of the daily HIPAA 834C (Daily Benefit Enrollment and Maintenance File) and the monthly HIPAA 834F (Monthly Benefit Enrollment and Maintenance File) transactions pursuant to ODM instructions.

More Definitions of Monthly Benefit

Monthly Benefit means the monthly amount payable by Lincoln to the Disabled or Partially Disabled Covered Person.

Monthly Benefit means one twelfth (1/12) of the Participant's Annual Benefit.

Monthly Benefit means the least of:

Monthly Benefit means a monthly payment payable pursuant to Part 5 for the balance of a guarantee period after the death of a member;

Monthly Benefit means the monthly amount determined under Section 3.1(a) used for purposes of calculating the Lump Sum Equivalent.

Monthly Benefit means the amount payable to you if you are Totally Disabled. Benefits for Supplemental Disability Insurance coverage, short term period, are determined on a monthly basis and paid to you bi-weekly. Benefits for Supplemental Disability coverage, long term period, are determined and paid to you on a monthly basis.

Monthly Benefit means an amount equal to sixty percent (60%) of the Executive’s average monthly compensation, excluding bonuses, for the sixty (60) months immediately preceding his termination of employment or disability.