Accelerated Death Benefit. A living benefit option is available for the benefit of a terminally ill employee, in accordance with insurance contract provisions. Such benefit cannot exceed 50% of the Aetna Life Insurance in force for that employee.
Accelerated Death Benefit. A living benefit option is available for the benefit of a terminally ill Staff Employee, in accordance with insurance contract provisions. Such benefit cannot exceed the lesser of $67,500 or 50% of life insurance in force.
Accelerated Death Benefit. An insured person who is diagnosed with a medical condition that results in a life expectancy of 12 months or less to take up to 100% of the policy’s available proceeds to deal with the sudden, unexpected financial burden that a terminal illness can create.
Accelerated Death Benefit. If Ceding Company pays an accelerated death benefit under the terms of the policy contract, the reinsurance coverage will continue unaffected until the death of the insured. [*] AdvanceSource Rider (Accelerated Benefit Rider for Chronic Illness/LTC Rider) – Any such rider is not reinsured under this Agreement, but payments made under such a rider are taken into account when determining Reinsured Net Amount at Risk as defined in Article 5 – Reinsured Risk Amounts as revised by the Sixth Amendment effective [*].
Accelerated Death Benefit. If the Ceding Company pays an accelerated death benefit under the terms of the policy contract, the reinsurance coverage will continue unaffected until the death of the insured.
Accelerated Death Benefit. The Reinsurer will participate in its share of any accelerated death benefit available to the policyholder under the terms of the base policy. There is no additional cost for this benefit.
Accelerated Death Benefit. In the case of an accelerated death benefit claim, the reinsurance benefit payable will be calculated by multiplying the total accelerated death benefit payout (before the administrative fee is deducted) by the Reinsurer’s quota share portion of the claim. Any remaining death benefit will continue to be carried forward and paid at the time of death. Effective 10/01/2012 Table of Contents
Accelerated Death Benefit. If the product applied for includes an accelerated death benefit, the application must include the disclosures required by Section 3230(a) and Regulation 143.
Accelerated Death Benefit. This benefit is an amount equal to the life benefit. This benefit is payable when the insured is expected to live less than twelve months as certified by his physician and verified and accepted by Contractor, as appropriate. Payment of this benefit terminates the insured's premium payments and eligibility.
