Death Benefit definition
Death BenefitÌýmeans 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 BenefitÌýmeans the benefit set forth in Article 9.
Death BenefitÌýmeans 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 30 Year of Continuous Membership eligibility rule for the Unreduced Service Pension, Occupational Disability Benefit, Pre-Retirement Return of Contributions Death Benefit and Five Year Certain Guarantee form of benefit were also eliminated in their entirety.
More Definitions of Death Benefit
Death BenefitÌýmeans 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 BenefitÌýmeans the benefit payable on the death of the Life Assured. Please refer to Section 4) below for more details.
Death BenefitÌýmeans 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 BenefitÌýmeans the benefit, which is payable on death, as specified in Condition 1.A of Part C of this Policy Document.
Death BenefitÌýshown 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 BenefitÌýmeans the benefit payable on the death of the Life Assured, as mentioned in the Schedule and calculated in accordance with Section 5a) below
Death BenefitÌýmeans an amount which will be highest of the following: