Terminal Illness Benefit. Once an employee is diagnosed with a terminal illness and a medical practitioner establishes they have a life expectancy of six (6) months or less. The employee will be provided access to 50% of their death benefit.
Terminal Illness Benefit. If the Life insured has a terminal illness while the policy is in force, we will advance the death benefit. The maximum aggregate amount payable is $5 million per Life insured for all policies and riders issued in Singapore with terminal illness benefit. If the terminal illness benefit payable is lesser than the death benefit, the death benefit will be automatically reduced by the amount paid for the terminal illness. The policy remains in force and the remaining death benefit is the original death benefit less the amount paid for terminal illness. If the terminal illness benefit payable is the same as the death benefit, the policy ends when we make this payment.
Terminal Illness Benefit. We will not pay the terminal illness benefit if it is due to: intentional acts (sane or insane) such as self-inflicted injuries, suicide or attempted suicide; AIDS, AIDS-related conditions or infection in the presence of HIV except HIV due to blood transfusion and occupationally acquired HIV.
Terminal Illness Benefit. We will not pay the Terminal illness Benefit if the Terminal illness is directly or indirectly, wholly or partly caused by:
Terminal Illness Benefit. 3.3.1. Subject to Sections 3.4, 4, 5, 9.4, 9.5 and 9.11 below, if the Life Insured is Diagnosed with Terminal Illness at any time during the Policy Term, We shall on receipt of Your written request, pay the following benefits to the Life Insured:
Terminal Illness Benefit. 4.1 If the Life Assured is diagnosed with Terminal Illness while the Policy is in force, the Company will pay the Death Benefit in one lump sum.
Terminal Illness Benefit. If You qualify for benefits under the definition of Terminally Ill, You may take a Penalty Free Withdrawal up to an amount equal to the Terminal Illness Withdrawal Percentage multiplied by the Accumulation Value. If You elect to take 100% of the Accumulation Value under this provision, the Contract will terminate after the benefit has been paid. If there are Joint Owners, the benefits under this Rider may only be elected once if either Joint Owner become Terminally Ill.
Terminal Illness Benefit. If the primary Life insured has a Terminal illness while the policy is in force and there is no appointed secondary Life insured, We will pay the death Benefit in one lump sum. If there is an appointed secondary Life insured, We will pay the death Benefit in one lump sum if the last surviving Life insured has a Terminal illness. The maximum aggregate amount payable is Five Million Singapore Dollars (SGD 5,000,000) per Life insured for all policies and riders issued by Us with Terminal illness Benefit. If the Terminal illness Benefit payable is lesser than the death Benefit, the death Benefit will be automatically reduced by the amount paid for the Terminal illness. The policy remains in force and the remaining death Benefit is the original death Benefit less the amount paid for Terminal illness. If the Terminal illness Benefit payable is the same as the death Benefit, the policy ends when We make this payment.
Terminal Illness Benefit. Withdrawal charges will be waived if the Primary Annuitant has a terminal illness. A terminal illness is an illness that is expected to result in the death of the Primary Annuitant in 12 months or less. An Owner requesting waiver of withdrawal charges is required to provide proof, satisfactory to the Company, of the Primary Annuitant's terminal illness. The proof must include a certification from a licensed physician stating that the Primary Annuitant's life expectancy is 12 months or less. No withdrawal charges will be waived if the determination that the Primary Annuitant's life expectancy is 12 months or less was first made prior to the Issue Date. No Purchase Payments can be made to the contract once proof of terminal illness is provided to the Company.
Terminal Illness Benefit. (TIB): This benefit provides for the advance payment of 50% of sum assured in case of diagnosis of terminal illness. The remaining 50% sum assured will be payable on death.
