RIDER BENEFITS. The Reinsurer will receive premiums for additional riders as shown in Schedule V, as well as for any extra premiums the Ceding Company may collect for the coverage of special risks (traveling, climate, occupation, etc.).
RIDER BENEFITS. In return of Your Application for this Rider and its premium, We agree to provide the Benefits described in this Rider. ACCELERATED BENEFIT AMOUNT The Accelerated Benefit Amount is the amount shown in the Schedule of Benefit and Level Premiums Section on the Policy Data Page, less a onetime administrative fee of $250. The Accelerated Benefit Amount You may receive is the lesser of 50% of the Level Term Benefit Amount shown in the Schedule, or $300,000. The payment of the Accelerated Benefit Amount will be paid immediately when We receive in Writing due proof of eligibility. ACCELERATED BENEFIT DUE TO A TERMINAL CONDITION We will pay to You the Accelerated Benefit Amount when We receive, In Writing, proof that the Insured has a Terminal Condition, as defined in this Rider. This proof must include, but is not limited to, certification by a Licensed Physician. SAMPLE In addition We reserve the right to have the Insured examined by a Licensed Physician of Our choice, at Our expense, as part of any proof to establish eligibility for Accelerated Benefits. In the case of conflicting opinions, eligibility for the accelerated death benefit shall be determined by a third medical opinion that is provided by a physician that is mutually acceptable to You and Us. The Accelerated Benefit due to a Terminal Condition will be paid in a lump sum. ACCELERATED BENEFIT DUE TO CONFINEMENT IN A NURSING HOME FACILITY We will pay to you the Accelerated Benefit Amount when We receive, In Writing, proof that the Insured has been continuously confined in a Nursing Home Facility for 90 days and is expected to remain confined until their death. This evidence must include, but is not limited to, certification by a Licensed Physician. We reserve the right to have the Insured examined by a Licensed Physician of Our choice, at Our expense, as part of any proof to establish eligibility for Accelerated Benefits. In the case of conflicting opinions, eligibility for the accelerated death benefit shall be determined by a third medical opinion that is provided by a physician that is mutually acceptable to You and Us. The Accelerated Benefit due to Confinement in a Nursing Home Facility will be paid in monthly installments. The minimum monthly payment is $250.00. The maximum monthly payment is $5,000.00 and is payable over a five (5) year period.
RIDER BENEFITS. In return of Your Application for this Rider and its premium, We agree to provide the Benefits described in this Rider. DEATH BENEFIT We will pay the Rider Benefit Amount for an Insured Child when We receive proof, In Writing, that the death occurred while this Rider was In Force on that Insured Child, and after that Insured Child had attained the age of 15 days. The Rider Benefit Amount will also be paid if the death of the Insured Child occurred during the first 30 days after the child ceases to meet the definition of Insured Child and before a Conversion Policy has taken effect. (See Conversion of Insurance section below.)
