Terminal Age definition
Terminal Age means age 65 exact for all Life Cover and 62 exact for Terminal Illness Cover for all members.
Examples of Terminal Age in a sentence
The Monthly Indemnity continues to be payable while the employee remains totally disabled in accordance with these definitions, but not beyond the Terminal Age.
Permanent employees shall be covered by a Long Term Disability (LTD) group insurance plan whereby eligible employees will receive a monthly indemnity equivalent to 75% of their regular wages less primary CPP offsets, to a maximum taxable benefit of two thousand five hundred ($2,500.00) dollars per month, commencing one month after the completion of an "Elimination Period" of 17 weeks, until the Terminal Age of sixty-five (65).