Death Benefit definition
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.
Death Benefit means the benefit set forth in Article 9.
Death Benefit means the benefit which becomes payable on the Life Assured’s death in accordance with Part C of this Policy.
Examples of Death Benefit in a sentence
The City shall continue to pay the cost of Option 21548, the Pre-retirement Optional Settlement 2 Death Benefit.
The Death Benefit Qualification Test for this policy is shown on the policy specifications pages and cannot be changed.
Otherwise premiums will be based on the amount of your Insurance in effect before payment of the Accelerated Death Benefit and premium payment must be continued based on the full amount of your Insurance after the payment of the Accelerated Death Benefit.
You have filed for bankruptcy, unless you give us Written approval from the Bankruptcy Court for payment of the Accelerated Death Benefit.
The death benefit and the Death Benefit Qualification Test are described in the following provisions.
More Definitions of Death Benefit
Death Benefit means the amount payable to the claimant on death of the Life Assured during the Policy term, as agreed at inception of the Policy contract, provided the Policy has not lapsed or terminated
Death Benefit means the insurance amount payable under the Certificate at death of the Insured. It does not include any amount that is only payable in the event of Accidental Death.
Death Benefit means the benefit payable on the death of the Life Assured. Please refer to Section 4) below for more details.
Death Benefit means the benefit payable on the death of the Life Assured, as mentioned in the Schedule and calculated in accordance with Section 5a) below
Death Benefit shown in the Schedule is initially set equal to the Account Value as of the Business Day we receive proof of death. The entire interest in this Contract must be distributed to the new Beneficiary in accordance with the provisions of 3.a. or 3.b. above. If there is more than one Beneficiary, the foregoing provisions will independently apply to each Beneficiary.
Death Benefit means an amount which will be highest of the following:
Death Benefit means the benefit which is payable on death of Life Assured, as stated in the Policy Document.