Special Education Benefit. If the Named Member suffers loss of life in a covered accident, we will pay, in addition to all other benefits payable, a “Special Education Benefit” of $1,500 per year for any dependent child who, on the date of the accident, is enrolled as a full time student in an institute of higher learning or any dependent child who, on the date of the accident, is at a 12th grade level and enrolls in an institute of higher learning within one year from the date of the accident. The “Special Education Benefit” is payable annually for a maximum of four consecutive annual payments as long as the dependent child remains enrolled full time in an institute of higher learning.
Special Education Benefit. When an injury results in a payment being made by us for loss of life, we will also pay 5% of the principal sum amount up to the maximum amount shown in the policy schedule, for expenses actually incurred on behalf of any dependent child who, on the date pg. 6 Policy Number: «POLICY» of the accident, is enrolled as a full-time student in any post-secondary institution of higher learning or was at the 12th grade level, and subsequently enrolls as a full-time student in a post-secondary school within 365 days following the date of the accident. This benefit is payable annually for a maximum of 4 consecutive annual payments but only if the dependent child continues his education as a full-time student in post-secondary school. This benefit cannot exceed the maximum amount shown in the policy schedule.
Special Education Benefit. If family coverage has been elected and the insured employee dies as a result of a covered accident, an additional benefit in the amount of up to five percent (5%) (up to ten percent (10%) effective January 1, 2004) of the employee’s Principal Sum (subject to a maximum of $6,000 (subject to a maximum of $20,000 effective January 1, 2004) per year for up to four years will be paid for each eligible dependent child enrolled within 365 days of the death of the employee as a full-time student in an accredited college or university. This benefit is payable annually for a maximum of four consecutive years, providing the eligible child consecutively continues his/her education as a full- time student. Benefits beyond the first year require evidence that the child has successfully completed all academic requirements of the prior school year. No payment will be made for room, board, or other living, traveling, or clothing expenses and, if there is no dependent child who qualifies, an additional benefit of $1,000 will be paid to the beneficiary.
Special Education Benefit. If you suffer a loss of life in a covered accident while the policy is in force, ACE Insurance will pay, in addition to all other benefits payable under this policy, a “Special Education equal to of your Benefit amount, (subject to a maximum of per year), on behalf of any dependent child who, on the date of the accident, was enrolled as a full- time student in any institution of higher beyond the 12th or 13th grade level, or was at the 12th or 13th grade level and subsequently enrolls as a full-time student in an institution of higher learning within days following the date of the accident. The education is payable annually for a maximum of four consecutive annual payments but only if the dependent child continues education as a full-time student in an institution of higher learning.
