Disability Income Benefit definition
Examples of Disability Income Benefit in a sentence
Payment will continue to be made to the earliest of the date on which the disability ceases to exist or death, or to the end of the Maximum Payment period described under Amount of Disability Income Benefit.
The SCLTDITF was created to fund and account for the employer costs of the State’s Basic Long-Term Disability Income Benefit Plan.
Benefits may also be available under the Short-Term Disability Income Benefit Plan and/or the Group Long-Term Disability Policy.
This payment may be made during the waiting period.If the life assured is still totally disabled or partially disabled at the end of the expected recovery period corresponding with the lump sum payment, then Sovereign will reopen the claim and pay either the Total Disability Income Benefit or a Partial Disability Income Benefit in accordance with this appendix.
Where an employee has been granted an approved leave of absence without pay in excess of thirty (30) calendar days, and the employee has been participating in the following benefit coverages: Flexible Benefits Plan 9.4 Disability Income Benefit 9.5 the employee must pay 100% of the premiums for those coverages during such leave, fully paid in advance or by monthly post-dated cheques before the leave commences.
In case of disability or death, it is recommended that a local church continue to pay the pastor=s salary for three months until the Life Insurance and Disability Income Benefit Plan becomes effective.
If a Plan Member loses Coverage during his/her disability, the Plan Member’s Long-Term Disability Income Benefit will continue until the end of the Benefit period described in Section 15.02.
If a Plan Member loses Coverage during their disability, the Plan Member’s Weekly Disability Income Benefit will continue until the end of the Benefit period described in Section 14.02 or until the Plan Member recovers, whichever occurs first.
Survivor Benefits payable upon the death of an Employee are payable according to the Long Term Disability Income Benefit Provision.
The Extra Cash Benefit is equivalent to 1/3rd (33.3%) of the Total Disability Income Benefit for each month.Where applicable and only in respect of the period for which the Extra Cash Benefit is payable, the Extra Cash Benefit will be included together with the Total Disability Income Benefit in the calculation of the lump sum payment Sovereign may choose to make in lieu of up to 3 monthly benefit payments, as set out in Section 1.This benefit is only payable once for a life assured.