Loss Of Earnings means: your Indexed Predisability Earnings on the date of your Recovery – your Monthly Earnings your Indexed Predisability Earnings on the date of your Recovery The amount of Recovery Benefit we pay will equal: your Loss Of Earnings x the Basic Monthly Benefit If your Regular Occupation prior to your Disability was that of being retired or unemployed, you are not eligible for the Recovery Benefit. You must be able to demonstrate that your Loss Of Earnings is solely due to the previous Injury or Sickness for the Recovery Benefit to be payable. We will periodically review the amount of your Monthly Earnings and the relationship between your Loss Of Earnings and the Injury or Sickness that caused your Disability. If the Indexed Cost of Living Benefit Rider is part of the policy, the Recovery Benefit will be calculated based on the Adjusted Basic Monthly Benefit (instead of the Basic Monthly Benefit) last paid before you Recovered from your Disability. No additional increases under the Indexed Cost of Living Benefit Rider will be made while Recovery Benefits are payable under this rider. The Premium Waiver Benefit in the policy will apply while Recovery Benefits are payable. Other benefits under your policy will not be payable while Recovery Benefits are payable. The Recovery Benefit will no longer be payable on the date that the first of the following events occurs: • you are no longer working in your Regular Occupation or any other occupation for a reason other than your Disability; • you are working fewer hours than you worked prior to your Disability; • your Loss Of Earnings is less than 20%; • your Loss Of Earnings is no longer solely due to the Injury or Sickness that caused your Disability; • you become Disabled again; or • the Maximum Benefit Period ends.
Loss Of Earnings means loss of salary or its equivalent, net of taxes which were lost by reason of inability to work. This covers loss of wages, salary or lost earnings of a self-employed person. Payment of lost earnings is to be at the time they are actually lost.
Loss Of Earnings means the deprivation of earned income or of the ability to earn previous levels of income as a direct result of a crime and the loss of the cash equivalent of social security, railroad retirement, pension plan, retirement plan, disability, veteran's retirement, court-ordered child support or court-ordered spousal support, where the payment is the primary source of the victim's income, and where the victim is deprived of the money as a direct result of the crime;
Examples of Loss Of Earnings in a sentence
If you experience a Recovery from your Disability, we will pay you a Recovery Benefit if: • you are working in your Regular Occupation or any other occupation, and working at least as many hours as you worked prior to Disability; and • you continue to have a Loss Of Earnings of at least 20%, and that Loss Of Earnings is solely due to the previous Injury or Sickness that caused your Disability.
If you experience a Recovery from your Disability, we will pay you a Recovery Benefit if: • you are working in your Regular Occupation, and working at least as many hours as you worked prior to Disability; and • you continue to have a Loss Of Earnings of at least 20%, and that Loss Of Earnings is solely the result of the previous Injury or Sickness that caused your Disability.
More Definitions of Loss Of Earnings
Loss Of Earnings means loss of earnings of an Insured Person on account of time taken off work to investigate or defend a Claim or Disciplinary Proceeding at the Insurer’s request; provided, the maximum payable for Loss of Earnings will not exceed the Limit of Insurance set out in ITEM 6.A. of the Declarations.
Loss Of Earnings means the formula Capital Alliance uses, and as set out in this Policy, to calculate the Member’s Income Replacement Benefit when the Member returns, or Capital Alliance deems the Member is capable of returning, to work on either a part or Full-Time basis.
Loss Of Earnings means the difference between—
Loss Of Earnings means, for any month, Your Prior Earnings minus Your Current Earnings for the month. Your Loss of Earnings must be solely due to Injury or Sickness for which Disability or Recovery benefits are claimed.
Loss Of Earnings for any month means Your Prior Earnings minus Your Monthly Earnings for the month in which You claim a Residual Disability benefit or Recovery benefit after Residual Disability. Your Loss of Earnings must be directly due to the Injury or Sickness causing the Disability.
Loss Of Earnings means your covered monthly earnings, less your earnings in the month for which a benefit is claimed. The loss of earnings must be due to a sickness or injury that caused the disability.