Involuntary Unemployment definition

Involuntary Unemployment means job-loss or layoff which is not attributed to your action, misconduct, option, or desire and was not anticipated on or prior to the Effective Date of Insurance.

Involuntary Unemployment means the life insured:

Involuntary Unemployment means that the insured has not terminated their employment without an ac- ceptable reason or been suspended from work ow- ing to inappropriate conduct.

Examples of Involuntary Unemployment in a sentence

• Involuntary Unemployment cover Part 3 – Involuntary Unemployment cover applies only if the policy schedule shows that it applies and you have paid or agreed to pay the premium set out on the policy schedule for it.

• Includes Credit Involuntary Unemployment; excludes Mortgage Guaranty.

• In the event disability or Involuntary Unemployment claim forms are received after 90 days from the onset of the event, benefits will only be retroactively considered for the 90 days prior to the receipt of the claim forms.

• Insured Monthly Payments will stop when: a) you are no longer experiencing Involuntary Unemployment; b) the Maximum Number of Insured Monthly Payments have been made; or c) upon Termination of Insurance as described on page 4, whichever occurs first.

• The amount paid for periods of Involuntary Unemployment which are less than one month will be calculated at a daily rate of 1/30th of the Insured Monthly Payment.

More Definitions of Involuntary Unemployment

Involuntary Unemployment means that the life insured becomes unemployed due to retrenchment, redundancy or employer insolvency. It does not mean retirement, unpaid leave, the end of a fixed term contract or dismissal from employment.

Involuntary Unemployment or “Involuntarily Unemployed” means involuntary termination of the Insured Person’s full-time (at least 30 hours per week) permanent employment, other than an excluded basis for termination of employment described in the “Exclusions for Involuntary Unemployment Benefits” section below.

Involuntary Unemployment means your loss of full time employment, and are newly qualified for, continues to qualify for, and actively receives federal or state unemployment benefits under applicable federal or state rules.

Involuntary Unemployment means a certificate holder’s loss of full time employment, and the certificate holder newly qualified for, continues to qualify for, and actively receives federal or state unemployment benefits under applicable federal or state rules.

Involuntary Unemployment means that your or a Higher Wage Earner’s employment ended due to:

Involuntary Unemployment or “Involuntarily Unemployed” means involuntary termination of the Insured Person’s Gainful Employment, other than an excluded basis for termination of employment described in the “Exclusions and Limitations for Involuntary Unemployment Benefits” section below.

Involuntary Unemployment. Involuntary Unemployment means a termination, lay off, retrenchment or permanent dismissal of an Insured Person who is a Salaried Individual from his/her primary occupation due to Injury sustained, Illness contracted, cost cutting, downsizing, closure of unit, company or organization, as the case may be, taking place during the Coverage Period. For the purpose of this Policy, Involuntary Unemployment does not include any unemployment caused due to or arising from poor performance, dismissal due to a fraudulent act, non-compliance of any company or organization’s internal rules/guidelines, or any disciplinary action Loan: Loan means the sum of money lent at an interest or otherwise to the Insured Person by any bank/financial institution as identified by the Loan Account Number specified in the Certificate of Insurance or certified in writing by the bank/financial institution.