Accelerated Benefit. The term “Accelerated Benefit” shall mean amounts requested and received pursuant to any Policy(ies) rider permitting the policyowner or Insured access to portions of the eligible death benefit in the event the Insured is diagnosed with a chronic or terminal illness [as required by the individual Policy(ies)].
Appears in 6 contracts
Samples: Split Dollar Agreement (California BanCorp), Split Dollar Agreement (Columbia Banking System Inc), Split Dollar Agreement (Columbia Banking System Inc)
Accelerated Benefit. The term “Accelerated Benefit” shall mean amounts requested and received pursuant to any Policy(ies) rider permitting the policyowner policy owner or Insured access to portions of the eligible death benefit in the event the Insured is diagnosed with a chronic or terminal illness [as required by the individual Policy(ies)].
Appears in 3 contracts
Samples: Split Dollar Agreement (Columbia Banking System, Inc.), Split Dollar Agreement (Columbia Banking System, Inc.), Split Dollar Agreement (Columbia Banking System Inc)
Accelerated Benefit. The term “Accelerated Benefit” shall mean amounts requested and received pursuant to any Policy(ies) rider permitting the policyowner or Insured access to portions of the eligible death benefit in the event the Insured (a) is diagnosed with a chronic or terminal illness [(as required by the individual Policy(ies)]), and (b) is deemed to have an Unforeseeable Emergency.
Appears in 3 contracts
Samples: United Business Bank (BayCom Corp), United Business Bank (BayCom Corp), Joint (BayCom Corp)
Accelerated Benefit. The term “Accelerated Benefit” shall mean amounts requested and received pursuant to any Policy(ies) rider permitting the policyowner or Insured access to portions of the eligible death benefit in the event the Insured is diagnosed with a chronic or terminal illness [as required by the individual Policy(ies)].
Appears in 1 contract
Samples: Split Dollar Agreement (Heritage Financial Corp /Wa/)
Accelerated Benefit. The term “"Accelerated Benefit” " shall mean amounts requested and received pursuant to any Policy(ies) rider permitting the policyowner or Insured access to portions of the eligible death benefit in the event the Insured is diagnosed with a chronic or terminal illness [as required by the individual Policy(ies)].
Appears in 1 contract
Samples: Split Dollar Agreement (Columbia Banking System, Inc.)
Accelerated Benefit. The term “Accelerated Benefit” shall mean amounts requested and received pursuant to any Policy(ies’) rider permitting the policyowner policy owner or Insured access to portions of the eligible death benefit in the event the Insured is diagnosed with a chronic or terminal illness [as required by the individual Policy(ies)].the
Appears in 1 contract
