Sentences with phrase «contractual benefits»

Because of the dream of market returns, most variable annuities have lower contractual benefits and guarantees than their fixed annuity cousins.

When a broker provides you with a life, disability or health insurance proposal, the price and contractual benefits assume that you are eligible as quoted.

There are many other annuity strategies that use leverage to maximize contractual benefits.

The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits (such as a higher crediting guarantee than is currently available, as well as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;

If we talk about wages, the compensatory awards may include contractual benefits like a company car and health insurance, along with some non-contractual benefits.

«Clear rulings on complex issues such as contractual benefits should be welcomed by insurers and employers as they provide guidance on future cases and also deter employees from bringing spurious or speculative claims to court,» she adds.

In Brazier v Wolverhampton City Council [2007] All ER (D) 226 (Dec) the Court of Appeal was asked to consider the thorny issues raised by a claim for lost contractual benefits — such as sick pay, already paid out as a result of the first tort — against a first tort feasor in the event of the claimant suffering a second, and separate, tortuous act.

Some IULs also come with guaranteed contractual benefits through riders, which can actually provide guaranteed benefits that are comparable to general account products.

The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits (such as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;

In response, the law lords made it clear that the compensatory principle is paramount in assessing damages: damages should represent the value of the contractual benefits of which the claimant has been deprived — no less but also no more.

The owner was seeking to recover compensation which exceeded the value of the contractual benefits of which it had been deprived.

The Court of Appeal (Lord Justices Tuckey, Lawrence Collins and Rimer) rejected that submission, refusing to recognise a claim for «loss of contractual benefit» in these circumstances.

Once the insurance policy is revived, you are entitled to receive all contractual benefits.

Claim — A request made by the insured / beneficiary for the contractual benefits promised by the policy when the contingency arises.

Once revived, the policyholder is entitled to all contractual benefits of the policy.