Benefits at Death. The Policy Proceeds will be paid in one lump sum payment as they become due upon the death of the Insured while this Policy is in force. Payment will include interest on the Policy Proceeds from the date of death until the date of payment. The interest rate applicable is the rate paid by the Company on proceeds left on deposit.
Benefits at Death. In the event termination is due to a member's death, said termination benefits and any compensatory time shall be paid his beneficiary, heirs or estate.
Benefits at Death. The Policy Proceeds will be paid as they become due upon the death of the Insured prior to Maturity, in accordance with Section 8. We will make payment when we receive Due Proof of that death. CASH SURRENDER VALUE. You may surrender the Policy for its Cash Surrender Value at any time. The Cash Surrender Value is the Account Value decreased by any surrender charges and by the balance of any Policy Debt. We will determine the Cash Surrender Value at the end of the first Valuation Date after we receive Your written request for surrender.
Benefits at Death. Upon the death of the retired employee, the payment of early retirement benefits shall cease.
Benefits at Death. If you should die, the full value of your account (less applicable taxes), including Company contributions, is payable to your beneficiary, or transferred to a tax-sheltered vehicle.
Benefits at Death. The Policy Proceeds will be paid as they become due upon the death of the Insured prior to Maturity, in accordance with Section 8.
Benefits at Death. In the event termination is due to the Deputy Chief’s death, said termination benefits, including 50% of unused sick leave accumulation not to exceed 360 hours, vacation leave accumulation not to exceed 30 days, shall be paid to their beneficiary, heirs or estate. Additionally, In Lieu of Overtime and Longevity payments will be prorated and shall be paid to their beneficiary, heirs or estate.
