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

  • Further information on benefit coverage is available on Insite in the Sun Life Benefit Booklets.

  • A Loss of Life Benefit is payable in the event of death as a result of Injuries sustained in a covered Accident.

  • This Clause only applies if the Policyholder has selected the Extra Life Benefit under the Classic Option and we have accepted it.

  • For a Joint Life Benefit Contract with a Non-Natural Owner, the Applicable Percentage is based on the younger Annuitant’s age.

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

  • If you change your benefit to a Joint Life Benefit Contract on or after your GWBL Conversion Effective Date, the Applicable Percentage is re-determined as an initial Applicable Percentage as described above.

  • Joint Life Benefit Contract Applicable Percentages: The Applicable Percentage is based on your age or the age of the Successor Owner [NQ only: or Joint Owner, as applicable], whoever is younger.

  • Reductions will be based upon the Life Amount prior to the payment of any Accelerated Life Benefit.

  • AMOUNT OF COVERAGEAll Uninsured Members$5,000 The Union provides a Life Benefit of $5,000 should you die before becoming eligible for coverage under the Plan providing you have completed your union membership card.

  • Upon qualification for a pension from the MEBA Pension Trust, until his death, and during the period he continues to be entitled to payment of such pension, a Pensioner shall be eligible for a Life Benefit.


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. xxx.xxxxxxx-xxxxxxx.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

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

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Actuarial equivalent means a benefit of equal value when

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Disability Benefit means the benefit set forth in Article 8.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.