Examples of Benefit Cessation Date in a sentence
This Accidental Death Benefit is payable in addition to any Death Benefit due under the Policy.This Accidental Death Benefit will be automatically terminated (1) when this Policy terminates, expires, lapses, becomes void, is cancelled or is surrendered or; (2) on the Policy Anniversary at which the Life Insured's Insurance Age is 80 or; (3) on the Benefit Cessation Date of this Supplementary Benefit or; (4) upon payout of this Supplementary Benefit, whichever is the earliest.
The actual amount, when only payable under the following circumstances, is determined by the Company at its discretion: (a) death of the Life Insured; (b) surrender in full or in part of the policy; (c) cancellation, lapse or termination of the policy; or (d) when the policy reaches the Benefit Cessation Date of the Basic Plan.
Unless the Policyholder sends us a written instruction to reject renewal of this Policy before the Benefit Cessation Date of Basic Plan, this Policy will be automatically renewed for another 15 years subject to the payment of the due premium and an updated Policy Schedule will be issued and sent to the Policyholder.
If the Life Insured is alive and this Policy is in force on the Benefit Cessation Date of the Basic Plan, we will pay as of that date to the Policyholder the Aggregate Cash Value.
A Policy Endorsement with the revised Policy Schedule showing the new Life Insured and Benefit Cessation Date based on the new Life Insured will be issued to the Policyholder upon any Change of Life Insured has taken effect.
Maturity BenefitIf the Life Insured is alive and this Policy is in force on the Benefit Cessation Date of the Basic Plan, we will pay the Net Cash Value (if any) in a lump sum payment as of that date to the Policyholder.The receipt of this amount by the Policyholder will discharge us from any further liability under this Policy.
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When does my cover end?Your cover will automatically end:• On you reaching the VLAP’s Benefit Cessation Date (applicable to you),• If you fail to pay your premiums to the VLAP,• If you leave the employment of Maynooth University, or• On your death Whichever occurs first.
Nέα καl yεyovóÙα – News and notes 107Oðηyίεç πpoç Ùouç σuyypαφείç – Guidance to the authors 112 4 Εξαρτήσεις Гlα Ùηv καλúÙεpη εvηµέpωση Ùωv αvαyvωσÙώv Ùou πεploðlκoú Ùα πεplε¯όµεvα, ol ÙίÙλol Ùωv ápθpωv καl Ùωv πεplλή†εωv εί- vαl ðίyλωσσol.H αvαðηµoσίεuση Ùωv πpωÙόÙuπωv ελληvlκώv ápθpωv επlÙpέπεÙαl µόvo µε έyypαφη áðεlα από Ùov εκðόÙη καl θα πpέπεl uπo-¯pεωÙlκá vα αvαφέpovÙαl η πηyή καl ol σuyypαφείç.
MATURITY BENEFITIf the Life Insured is alive and this Policy is in force on the Benefit Cessation Date of the Basic Plan, we will pay the Maturity Benefit (if any) in a lump sum payment as of that date to the Policyholder.SSIP_E_V02 (0122)The receipt of this amount by the Policyholder will discharge us from any further liability under this Policy.