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
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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.
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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.
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Examples of Living Benefits in a sentence

  • Living benefits often are elective, and death benefit options are generally non-elective.

  • Individuals receiving Essential Supports for Employment and Independent Living benefits will be subject to a $30,000 cap on benefits.

  • Living benefits include maturity/income/withdrawal/long-term care benefits.

  • Supplemental Cost of Living benefits are funded through excess earnings of the retirement system.

  • Living benefits are often elective, while death benefit options are often non-elective.

  • Healthier Living ConditionsHealthier Living benefits are designed to support members who are looking to improve the way they manage their health condition(s) and overall wellness.Quit Smoking ProgramWe recognise certain government quit smoking programs.

  • In this case Supportive Living benefits will be provided to the Resident as needed and covered under the terms of this Agreement.

  • Reduce or deny new requests for other Independent Living benefits, based on projected availability of funds.

  • You will also need to say wheth- er they are sub-contracted or included in salaried staff.

  • This provision does not apply to the Accidental Death and Dismemberment, or Activities of Daily Living benefits.


More Definitions of Living Benefits

Living Benefits means any payment during the Insured Person’s life.
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Living Benefits means policy moneys which are paid out before the death of the insured.
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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,
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Living Benefits means (i) the Cancer Benefit under provision B1; and (ii) Carcinoma-in-situ or EarlyStage Cancer Benefit under provision B2.
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Related to Living Benefits

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

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Health benefits plan means a benefits plan which pays or

  • 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.

  • 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 Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)