Basic Death Benefit definition

Basic Death Benefit means the benefit payable on death of the Insured Member as specified in the policy document.
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Basic Death Benefit. If the Owner dies prior to the Annuity Date, the Death Benefit equals the Net Certificate Value. The PAYMENT OF DEATH BENEFIT and PAYMENT OPTION provisions in Section 10 of this certificate also apply to this Death Benefit.] [ANNUAL RESET INCOME BENEFIT OPTION may be selected by the Owner in the application for the Certificate if the Owner also selects the Annual Reset Death Benefit Option.
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Basic Death Benefit. [The greatest of 1, 2 or 3 shown in the "Amount of Death Benefit" provision.] Optional Death Benefit(s) [None] (Only available if Covered Person is age 79 or younger) [Or]
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Examples of Basic Death Benefit in a sentence

  • The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit.

  • The death benefit is one of the following: The Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit.

  • This benefit provides that the spouse or domestic partner of a deceased member, who was eligible to retire for service at the time of death, may elect to receive the Pre-Retirement Option 2W Death Benefit which is the highest monthly allowance a member can leave a spouse or domestic partner in lieu of the lump sum Basic Death Benefit.

  • The death benefit is one of the following: the Basic Death Benefit, the 1959 Survivor Benefit, or the Optional Settlement 2W Death Benefit.

  • The Basic Death Benefit of the Policy to which this rider is attached is modified to include the Term Insurance Benefit under this rider.

  • If no one is eligible for the 1957 Survivor Benefit or the Special Death Benefit (if applicable), your beneficiary for the Basic Death Benefit will be determined as follows:• Named beneficiary, or if none;• Spouse or registered domestic partner, or if none;• Children, or if none;• Parents, or if none;• Brothers and sisters, or if none;• Estate if probated, or if not;• Trust, or if none;• Next of kin, as provided by law.

  • The Basic Death Benefit of the policy will be adjusted accordingly with factors shown in the Table of Death Benefit Factors to satisfy the requirements of this test.

  • The Basic Death Benefit of the policy will be adjusted accordingly with factors shown in the Table of Death Benefit Factors to satisfy the requirements of this portion of the test.

  • The Basic Death Benefit will be adjusted accordingly with factors shown in the Table of Death Benefit Factors to satisfy the requirements of this test.

  • Any balance of proceeds from the Insurance Contract not paid as either a Basic Death Benefit or otherwise pursuant to the Plan shall be paid to AT&T.


More Definitions of Basic Death Benefit

Basic Death Benefit. The BASIC DEATH BENEFIT may be elected by the Owner in the application for the Certificate.
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Basic Death Benefit means the benefit payable under the Retirement Plan to the Beneficiary of a SERP Member on account of the death of the SERP Member.
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Related to Basic Death Benefit

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Actuarial equivalent means a benefit of equal value when