Living Benefits definition

Living Benefits as used in this agreement, refers to benefits paid under such riders. VALGB Rider Form # Description ------------------ ----------- GA-RA-1047 Minimum Guaranteed Income Benefit Rider GA-RA-1045 Minimum Guaranteed Accumulation Benefit Rider GA-RA-1048 Minimum Guaranteed Withdrawal Benefit Rider
Living Benefits. [ ] I/We hereby elect the Lincoln SmartSecurity(SM) Advantage/2/ - 5-year Elective Step-up. [ ] I/We hereby elect the Lincoln SmartSecurity(SM) Advantage/2/ - 1-year Automatic Step-up.
Living Benefits means the amount of life coverage that you may elect to place under this option. The benefits is a one-time lump sum payment which is equal to of your total amount of life coverage (shown in the Summary of Coverages) in effect on the date Great-West Life receives proof that you are terminally sick, to a maximum of However, the living benefits may be reduced if, within months after the date Great-West receivessuch proof, a reductionon account of age have applied to your amount of life coverage. In that case, the amount of living benefits will be of your amount of life coverage applyingthe reduction, subject to the living benefits maximum,

Examples of Living Benefits in a sentence

  • Your right to receive Assisted Living Benefits will not be affected by the occurrence of the events described in 1 or 2 below that become effective after you become Disabled.

  • Additional Considerations and Requirements for Assumptions Applicable to Guaranteed Living Benefits Experience for contracts without guaranteed living benefits may be of limited use in setting a lapse assumption for contracts with in-the-money or at-the-money guaranteed living benefits.

  • Your Assisted Living Benefits will be paid to you at the same time LTD Benefits are payable.

  • We will pay Assisted Living Benefits within 60 days after Proof Of Loss is satisfied.

  • Specify the unit name:The Office of Community Living, Benefits and Services Management Division(Do not complete item A-2)Another division/unit within the state Medicaid agency that is separate from the Medical Assistance Unit.

  • If you are terminally ill with a life expectancy of 24 months or less, you may apply for a commercial loan under the Sun Life Living Benefits Loan Program.

  • For the purposes of this adjustment, Living Benefits paid for annuities that are terminated during the Accounting Period are excluded.

  • See Schedule A, below, for information on VAGLB and Living Benefits.

  • If you are within 5 years of the termination of your basic life coverage, you may not apply for a commercial loan under the Sun Life Living Benefits Loan Program.

  • Specify the unit name:Office of Community Living, Benefits and Services Management Division(Do not complete item A-2)Another division/unit within the state Medicaid agency that is separate from the Medical Assistance Unit.


More Definitions of Living Benefits

Living Benefits means the amount of Life Coverage that you may elect to place under this option. The Living is a lump sum payment which is equal to of your total amount of Coverage (shown in the Summary of Coverages) in effect on the date London Life receives proof that you are Terminally Sick, to a of However, the Living may be reduced if, within six months after the date London Life receives such proof, a reduction on account of age would have appliedto your amount of Life Coverage. In that case, the amount of Living Benefits will be of your amount of Life Coverage after applying the reduction, subject to the Living Benefits maximum.
Living Benefits means (i) the Cancer Benefit under provision B1; and (ii) Carcinoma-in-situ or EarlyStage Cancer Benefit under provision B2.
Living Benefits means any payment during the Insured Person’s life.
Living Benefits means policy moneys which are paid out before the death of the insured.
Living Benefits means the amount of life coverage that you may elect to place under this option. The living benefits is a one-time lump sum payment which is equal to 50% of your total amount of life coverage (shown in the Summary of Coverages) in effect on the date Canada Life receives proof that you are terminally sick, to a maximum of

Related to Living Benefits

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Public Benefits means the provision of benefits to the community by the Developer in the form and at the times specified in Schedule 3.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Employment benefits means all benefits provided or made

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Basic Conditions of Employment Act means the Basic Conditions of Employment Act, 1997 (Act No. 75 of 1997);

  • Health benefits plan means a benefits plan which pays or

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Fringe benefits means the amount of:

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Essential Health Benefits means, under section 1302(b) of the Patient Protection and Affordable Care Act, those health benefits to include at least the following general categories and the items and services covered within the categories: ambulatory patient services; Emergency Services; hospitalization; maternity and newborn care; mental health and substance abuse disorder services, including behavioral health treatment; prescription drugs; rehabilitative and habilitative services and devices; laboratory services; preventive and wellness services and chronic disease management; and pediatric services, including oral and vision care.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Bereavement Pay Benefits means the benefits as set out in Article II hereof.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Severance Payment shall have the same meaning as the term "parachute payment" defined in Section 280G(b)(2) of the Code.