Terminal Illness Benefit definition

Terminal Illness Benefit refers to the benefit as set out in clause 4.1. “TPD” refers to such total and permanent disability as defined in clause 3.2. “TPD Benefit” refers to the benefit as set out in clause 3.1.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Terminal Illness Benefit means the benefit specified in Clause 6.7.

Terminal Illness Benefit means the amount we pay on diagnosis of a Terminal Illness which we specify in the Schedule as such.

Examples of Terminal Illness Benefit in a sentence

The Death Benefit, Terminal Illness Benefit or Total and Permanent Disability Benefit provided on the Basic Policy, as the case may be.
For claims under the Terminal Illness Benefit Rider, the reinsurance benefit is the Reinsurer's proportionate share of the terminal illness benefit payable (the death benefit less the Ceding Company's discount percentage and subject to the Ceding Company's cap on dollar amount or percentage of the total death benefit payable to the insured).
If the Terminal Illness Benefit payable is less than the Death Benefit, the Death Benefit will be automatically reduced by the amount paid for the Terminal illness.
The maximum aggregate amount payable is Five Million Singapore Dollars (SGD 5,000,000) per Life insured for all policies and riders issued by Us with Terminal Illness Benefit.
If the Terminal Illness Benefit payable is the same as the Death Benefit, the policy ends when We make this payment.
Death Benefit payable to Nominee shall be the Sum Assured on Death less any previously paid Terminal Illness Benefit.
You will receive the Terminal Illness Benefit as a one-time lump sum payment.
Basic Benefit The Death Benefit, Terminal Illness Benefit or Total and Permanent Disability Benefit provided on the Basic Policy, as the case may be.
PLANS OF INSURANCE NY Perspective Investor VUL (1802NY), Terminal Illness Benefit Rider, Schedule Term Insurance Rider, Other Insured Term Insurance Rider.
You are not eligible for this benefit if you are required by: • Law to use the proceeds from the Terminal Illness Benefit to meet claims of creditors (bankruptcy or otherwise); or • A governmental agency to use this benefit to apply for, get, or keep a governmental benefit.

More Definitions of Terminal Illness Benefit

Terminal Illness Benefit means any benefit payable as a result of either of the Settlors suffering terminal illness as defined in the Plan.

Terminal Illness Benefit means the amount we pay on diagnosis of a Terminal Illness which we specify in

Terminal Illness Benefit. – means, in respect of an Insured Member, the lesser of:

Terminal Illness Benefit means, for the purpose of this regulation, a benefit that provides for a payment of the life insurance benefit, subject to any contract maximum for a life insurance benefit, upon a medical determination that the insured has a life expectancy less than a period of time which is specified in the contract. Such contractual period shall be not less than six months. If the contract provides for an initial waiting period during which no terminal illness benefit is payable, such waiting period shall not be greater than six months.

Terminal Illness Benefit means a Benefit equal to the Insured Amount of Death Cover as at the Claim Incun-ed Date, up to the Maximum Terminal Illness Benefit.