Waiver benefit definition

Waiver benefit means a waiver of the monthly deductions made under an individual life insurance policy where monthly deductions are applicable.
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Waiver benefit means the amount waived by the Dealer/Assignee pursuant to the terms of the Addendum.
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Waiver benefit means the waiver of Premium due for a Covered Person under the certificate.
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Examples of Waiver benefit in a sentence

  • For example, if the amount paid to the CMHSP for DD Children’s Waiver services does not meet the cost and GF funding is used to supplement the DD Children’s Waiver reimbursement, this amount should be reported with the DD Children’s Waiver benefit plan.

  • Premium Waiver benefit Provides a lump sum payment equal to 6 months of the member’s medical scheme contributions and Gap Cover premium.

  • The Accumulation Value is used to determine your Surrender Value, Death Benefit, any Nursing Home Confinement Waiver benefit and withdrawals before utilizing the GLWB benefit.For detailed information on charges incurred if the contract is surrendered, see the Surrender Charge section on the Product Details sheet.

  • The original structure, completed in the spring of 1854 at cost of$120,000.00, was demolished in 1913.

  • Table 15 From a consequentialist standpoint, the utilitarian and economic cases in favor of IP overlap.

  • Premium Waiver benefit Provides a lump sum payment equal to 6 months of the member’s medical scheme contribution and Gap Cover premiums.

  • It is the responsibility of all employees using the Tuition Waiver benefit to know and understand the policy and procedures related to the Tuition Waiver.

  • The Tuition Waiver benefit at FPC requires that the employee apply each semester or term prior to registration.

  • Benefits for Dependent Children Who are Married or Over the Age 23In accordance with IRS guidelines, for qualified individuals 24 years of age or older the Dependent Tuition Waiver benefit is available on a taxable basis.

  • Premium Waiver benefitThe Premium Waiver benefit enables dependants to remain covered for a period of twelve (12) months post the death of the Principal Member.


More Definitions of Waiver benefit

Waiver benefit means any one of the following Waivers: Super Collision Damage Waiver or Super Theft Loss Waiver.
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Waiver benefit means a waiver of premium due for an insured Certificateholder under the policy or certificate.
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Related to Waiver 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.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Disability Benefit means the benefit set forth in Article 8.

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

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

  • 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.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Seller Benefit Plan means each Employee Benefit Plan that is sponsored, maintained or contributed to or required to be contributed to by Seller or any of its Affiliates, or with respect to which Seller or any of its Affiliates may have any Liability, and in which one or more Business Employees participates.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.