Waiver benefit definition

Waiver benefit means a waiver of the monthly deductions made under an individual life insurance policy where monthly deductions are applicable.
Waiver benefit means a waiver of premium due for an insured Certificateholder under the policy or certificate.
Waiver benefit means the waiver of Premium due for a Covered Person under the certificate.

Examples of Waiver benefit in a sentence

  • The Disability Waiver benefit amount reinsured shall, at the Ceding Company's option, be supplied to Cologne by the Ceding Company for at least ten policy years at a time, or else determined by Cologne from the Ceding Company rate materials in its possession, using any reasonable approximations that may be necessary.

  • Waiver benefit payments shall be made beginning in the first pay period after the first full calendar month for which an employee has in fact waived a coverage and shall be paid pro rata.

  • If a bargaining unit employee is laid-off during an academic year and his/her dependent child (or children) has already been determined eligible for St. Mary’s College of Maryland’s Tuition Waiver benefit and has already been admitted to and is enrolled in classes covered by the Waiver, the employee will continue to be eligible for the Tuition Waiver benefit through the remainder of the then current academic year in which the lay-off occurred.

  • The University shall provide the Annuity Waiver benefit under TIAA pension program, pursuant to the rules and regulations of said plan.

  • The Disability Waiver benefit amount reinsured shall, at the Company's option, be supplied to the Reinsurer for at least ten (10) policy years at a time, or else determined by the Reinsurer from the Company rate materials in its possession, using any reasonable approximations that may be necessary.

  • In the event Waiver of Premium Disability benefits are validly claimed under any policy reinsured for such benefits hereunder, Reinsurer shall pay the Ceding Company annually during the continuance of disability the yearly gross premium (exclusive of the premiums for the Waiver benefit itself) due under such policy for the reinsured portion of the Waiver benefit.

  • The Annuity Waiver benefit is specific to periods of long term disability.

  • The Disability Waiver benefit amount shall, at the Company's option, be supplied to the Reinsurer for at least ten (10) policy years at a time, or else determined by the Reinsurer from the Company rate materials in its possession, using any reasonable approximations that may be necessary.

  • This feature is missing verify that XXX and any drivers authorized on which car rental agreement, when using Chase pay card number ending in xxxx, are temporary for worldwide income under the Auto Rental Collision Damage Waiver benefit.

  • The Tuition Waiver benefit will be administered in accordance with the NIU BOT regulations.


More Definitions of Waiver benefit

Waiver benefit means any one of the following Waivers: Super Collision Damage Waiver or Super Theft Loss Waiver.
Waiver benefit means the amount waived by the Dealer/Assignee pursuant to the terms of the Addendum.
Waiver benefit means a waiver of premium due for an Certificateholder under the policy or certificate. In addition to the applicable certificate Uniform Standards, the following provisions, as applicable apply:
Waiver benefit means a waiver of premium due for an insured under the policy.