Insured Income definition

Insured Income means with respect to an Insured Person who is employed on a full-time basis, the monthly rate of wage or salary (not including overtime, commission, bonuses or extra compensation) the Insured Person was receiving from his employer(s) as of the date the total disability begins, exclusive of any other remuneration.
View Source

Examples of Insured Income in a sentence

  • All deductions made for absences covered under the Insured Income Protection Insurance Policy shall be made from the paycheck immediately following the payroll period during which said absence occurred.

  • Within the last several years, the Partnership instituted a “Qualified Matching Service” as defined in Section 1.7704-1(g) of the Treasury Regulations promulgated under Section 7704 DiVall Insured Income Properties 2, L.P. August 31, 2011 of the Internal Revenue Code of 1986 (the “Code”), which facilitates the transfer of up to 10% of the total interest in the Partnership’s capital or profits provided certain requirements are met.

  • Once the Insured Income Stage begins there is no longer an Account Value.

  • DiVall Insured Income Properties 2, L.P. May 28, 2010 The SEC has issued warnings about mini-tender offers.

  • In the Contract Year in which this event occurs, the only Insured Income Payment due, if any, equals the Annual Income Amount not yet Withdrawn in that Contract Year plus any Unused Annual Income Amount.

  • Unless you instruct otherwise, Insured Income Payments will be paid to you in equal monthly payments beginning on the 1st day of the month on or immediately following the date that your Insured Income Payments are set to begin.

  • This AMENDMENT TO AMENDED AGREEMENT OF LIMITED PARTNERSHIP (this “Amendment”) of Divall Insured Income Properties 2 Limited Partnership, a Wisconsin limited partnership (the “Partnership”), is made and effective as of October 22, 2020 (the “Effective Date”), by and among the Provo Group, Inc., an Illinois corporation, as General Partner, and the Limited Partners of the Partnership (the “Limited Partners”).

  • If the event occurred as a result of the Account Value being reduced to the Minimum Account Value, any remaining Account Value, less any Annual Income Amount not yet Withdrawn in that Contract year, plus any Unused Annual Income Amount must be received by us to commence Insured Income Payments.

  • The Insured Income Stage will begin when one of the following events occurs: a) your Account Value is reduced to zero, assuming no Excess Withdrawals have been taken during that Contract Year,or reduced to below the Minimum Account Value.

  • You can elect to continue receiving your Annual Income Amount and we subsequently will make Insured Income Payments until the death of the Annuitant or, if a Co-Annuitant is named on this Contract at the time this event occurs, until the deaths of both Annuitants.