Life Benefit definition

Life Benefit means the same as Death Benefit given in Section 1)p. Above
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Life Benefit means, on the date of death, Critical Illness, or Dismemberment, the lesser of the following amounts, subject to reduction as provided in this definition:
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Life Benefit means, on the date of Accidental Death or death, the lesser of the following amounts:
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Examples of Life Benefit in a sentence

  • Accidental Death and Dismemberment or the Accelerated Life Benefit will not be included with a conversion policy.

  • D) All eligible employees who are entitled to the LTD Plan Early Retirement Incentive Benefit shall be entitled to the continuation of the Life Benefit coverage in effect until age 65 years of age, or death, whichever is earlier.

  • In the event there is no such appointment, the Loss of Life Benefit will be payable to the Estate of the Member.

  • Periodontics 80% Endodontics 80% Denture Repairs 80% Dental Deductible $50 per calendar year Life Benefit Formula $50,000 The Employer shall provide these benefits and shall be consistent with the current provisions.

  • The following plans, or replacement plans, known as “myBenefits” Option 1 - Base; Option 2 - Buy Different; Option 3 - Buy Down: Option 4 - Buy Up, provide coverage on a cost sharing basis, with exception of the Option 3 - Buy Down Plan, where the Employer contributes to all premium costs, excluding the Supplementary Life Benefit, to all eligible employees as applicable for the duration of this Agreement.

  • Ortho Options Annual Benefit Co-Pay Life Benefit Cost to Employee Cash Refund Core $1000 80/20 $2000 0 0 Opt I $1000 80/20 $3000 $48 0 Opt II $1200 90/10 $2000 $96 0 Opt Out 0 $150 Note: Preventative services paid at 100% of reasonable and customary, subject to maximum benefit.

  • The Member's Loss of Life Benefit is payable to the beneficiary(ies) appointed under his/her Group Life Insurance Program.

  • Attach your receipts to the claim form and return it to the Life Benefit Payment Office as soon as possible, but no later than months after you incur the expense.

  • Denture Repairs 80% Dental Deductible $50 per calendar year Major Restorative 80% Max $1,500 – dentures and crowns Life Benefit Formula $50,000 The Employer shall provide these benefits and shall be consistent with the current provisions.

  • Life Insurance Benefit: Accidental Death and Dismemberment Benefit: Dependent Life Benefit: spousal benefit, benefit per child.


More Definitions of Life Benefit

Life Benefit means the amount specified as the Life Benefit on your Certificate of Insurance. Other income includes any disability benefit you are entitled to receive from the state or another insurance company, any salary or other payments from your employer or business, or any pension you receive. Period of cover is stated on your Certificate of Insurance and cover will remain in force during this period subject to the terms and conditions of this agreement, and provided we receive your premium(s) on or before their due date (s). Pre-existing condition means any disease, illness or injury for which you have received medication, advice or treatment, or you have experienced symptoms, whether the condition has been diagnosed or not, at or prior to your date of entry to the plan. Premium means the amount(s) you are required to pay us either annually, semi annually, quarterly or monthly for this insurance cover. Premium due date, or due date means the date on which your premium falls due for payment. Rehabilitation benefit means a reduced benefit which may be paid if you are able to return to your own occupation, during the first 24 months of claiming, on a part time or reduced basis.
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Life Benefit means the amount specified as the Life Benefit on your Certificate of Insurance. Other income includes any disability benefit you are entitled to receive from the state or another insurance company, any salary or other payments from your employer or business, or any pension you receive. Period of cover is stated on your Certificate of Insurance and cover will remain in force during this period subject to the terms and conditions of this agreement, and provided we receive your premium(s) on or before their due date (s). Pre-existing condition means any disease, illness or injury for which you have received medication, advice or treatment, or you have experienced symptoms, whether the condition has been diagnosed or not, at or prior to your date of entry to the plan. ▇▇▇.▇▇▇▇▇▇▇-▇▇▇▇▇▇▇.com 13 Premium means the amount(s) you are required to pay us either annually, semi annually, quarterly or monthly for this insurance cover. Premium due date, or due date means the date on which your premium falls due for payment. Rehabilitation benefit means a reduced benefit which may be paid if you are able to return to your own occupation, during the first 24 months of claiming, on a part time or reduced basis.
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Related to Life Benefit

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • 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.

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.