Maximum Lifetime Benefit definition

Maximum Lifetime Benefit means the maximum benefit payable while a person is covered under this Plan. The Maximum Lifetime Benefit will not be construed as providing lifetime coverage, or benefits for a person’s Illness or Injury after coverage terminates under this Plan.
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Maximum Lifetime Benefit means the maximum benefit payable by WMI to any insured individual during their lifetime regardless of the named policyholder. This includes any amounts payable pursuant to COBRA, state extension of benefits, and conversion provisions.
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Maximum Lifetime Benefit means the maximum benefit payable by WMI to any insured individual during their lifetime regardless of the named policyholder. This includes any amounts payable pursuant to COBRA, state extension of benefits, and conversion provisions. For conversion provisions, benefits payable during the first year of the conversion policy, together with the benefits paid for the individual under the group policy, shall not exceed those that would have been payable had the individual’s insurance under the group policy remained in force.
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Examples of Maximum Lifetime Benefit in a sentence

  • Effective the first day of the month following ratification, the Maximum Lifetime Benefit as set out in the Extended Health Care Plan will be increased to $50,000 per person for eligible employees and dependents.

  • Your Policy’s Maximum Lifetime Benefit is listed in the Policy Schedule.

  • The amount of your annual deductible is per insured individual with a maximum family deductible of The Maximum Lifetime Benefit for all Covered Expenses is for each insured family member.

  • On the Policy Effective Date, the Coverage Maximum Amount is equal to the Maximum Lifetime Benefit.

  • Benefit specifications are: Type I Preventive Services Percentage 70% Annual Deductible Amount $-0- Incentive Plan Increments 10% * *10% each succeeding benefit year not to exceed 100% Type II Restorative and Replacement Percentage 70% Annual Deductible Amount $-0- Type III Orthodontia Services Percentage 70% Lifetime Deductible Amount $-0- Type I and II Services Maximum Annual Benefit per Covered Member $1,000 Type III Services Maximum Lifetime Benefit per Covered Member $1,500 G.

  • Deductible - Nil Reimbursement- Part A - 90% for basic restorative and preventative services, periodontics, root canal treatment and repairs and relines of prosthetics - Part B - 70% of major restorative services (crowns and bridges) - Part C - 50% for orthodontic treatment Maximum Lifetime Benefit - Part C - $5,000 per person Survivor Dental Care Benefits - Will be provided to all active employees for up to two (2) years.

  • Benefit specifications are: Type I Preventive Services Percentage 70% Annual Deductible Amount $-0- Incentive Plan Increments • 10% each succeeding benefit year not to exceed 10% * 100% Type IIRestorative and Replacement Percentage 70% Annual Deductible Amount $-0- Type III Orthodontia Services Percentage 70% Lifetime Deductible Amount $-0- Type I and II Services Maximum Annual Benefit per Covered Member $1,000 Type III Services Maximum Lifetime Benefit per Covered Member $1,500 E.

  • The amount of your annual deductible is per insured individual with a maximum family deductible Effective January I, the Maximum Lifetime Benefit for all Covered Expenses is for each insured family member.

  • Maximum Life Benefit Effective January the Maximum Lifetime Benefit as set out in the Extended Health Care Plan is increased to per person for Eligible Employees and Dependents.

  • Maximum Lifetime Benefit The Maximum Lifetime Benefit is the maximum number of days in benefits we will pay during your lifetime under this Policy.


More Definitions of Maximum Lifetime Benefit

Maximum Lifetime Benefit means the maximum benefit payable while a person is covered under this Plan. It will not be construed as providing lifetime coverage, or benefits for a person’s Dental condition or dental disease after coverage terminates under this Plan.
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Maximum Lifetime Benefit means the maximum sum of Extended Health and Vision Care Benefits specified in Section 4 hereof.
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Maximum Lifetime Benefit means the maximum benefit payable by WMI to any insured individual during their lifetime regardless of the named policyholder. This
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Related to Maximum Lifetime Benefit

  • 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).

  • 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 limit means once you’ve reached this benefit limit you can no longer claim that benefit in any future year of membership, even if you change your cover.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

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

  • Lifetime means the time period over which Energy Savings will be delivered and for the purposes of Schedules B, C, D, E, and G are for reference only, as the relevant time period is already taken into account in the savings factors in those Schedules.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Retirement Benefit means the benefit set forth in Article 5.

  • 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.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Fringe benefit means health insurance, a retirement benefit received under a pension plan or defined contribution plan, a paid vacation day, a paid holiday, sick leave, or any other similar employee benefit provided by an employer.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Extended benefit period means a period which: