Sentences with phrase «value of the benefit payable»

PBGC normally pays a lump sum only if the total value of the benefit payable by PBGC is $ 5,000 or less at the plan termination date.

Not exact matches

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

Chen's accumulation account balance of $ 428,900 at the end of 30 June 2019 is her accumulation phase value, as this is the amount of super benefits that would become payable if she voluntarily caused her interest to cease at that date.

the retirement phase value is adjusted for account - based super income streams, to equal the amount of the super benefits that would become payable if Abdal voluntarily caused the interest to cease at that time.

Your «accumulation phase value» is the total amount of super benefits that would be payable if you had voluntarily ceased a super interest at the time of calculation.

Where the split is achieved by dividing the superannuation income stream benefits payable from the superannuation income stream, a credit to the full value of the superannuation interest that supports the superannuation income stream (at the time of the payment split) arises in the transfer balance account of the non-member spouse.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your Benefit at the conclusion of the Term of your policy.

«While we may opt to introduce saver fares further down the line on specific cruises, early bookers can still be confident that they have received the best value for money as the saver fares will not include all the benefits available on our standard fares, nor will passengers be able to choose their preferred cabin and the fare will be payable in full at the time of booking.»

The benefit gained was the total value of the property or advantage obtained, not the defendant's net profit after deduction of expenses or any amounts payable to coconspirators.

• Accidental Death Benefit Rider — If you should die as a result of a covered accident, additional death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250,000.

On death of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nominee.

The Additional Death Benefit is calculated by adding up the discounted value of the money - back benefits payable in the last 4 years of the policy and the inbuilt Family Income Benefit

In case of death of the insured during the plan tenure, the death benefit payable is higher of the basic Sum Assured or the Fund Value subject to a minimum of 105 % of all premiums paid till the date of death

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nominee

To determine the actuarial present value of the benefit we need to calculate the expected value E (Z)-LCB- \ displaystyle \, E (Z)-RCB- of this random variable Z. Suppose the death benefit is payable at the end of year of death.

If the benefit is payable at the moment of death, then T (G, x): = G - x and the actuarial present value of one unit of whole life insurance is calculated as

On death of the policyholder, higher of the Sum Assured including Top - up Sum Assured net of Partial Withdrawals or Fund Value including Top - up Fund Value or Minimum Death Benefit is payable

The actuarial present value of an n year pure endowment insurance benefit of 1 payable after n years if alive, can be found as

(3) The Company will deduct from any Trip Interruption benefits payable hereunder the value of any unused, return tickets held by the Insured Person at the time of the event.

When there is «gap,» or difference, between the cash value of the policy and the death benefit payable under the policy, this difference is the «net amount at risk» since it represents an amount of money that the insurer needs to pay with money that the policy has not yet earned.

The only thing that must be understood is that any use of the cash value, whether as a loan to you, or an «Automatic Premium Loan» to the insurer (if you forgot to or stopped making premium payments), disrupts the death benefit payable to the beneficiary.

These are: • Death benefits deemed on not to increase • The maturity date payable • Death benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contract.

The policy's essential elements consist of the premium payable each year, the death benefits payable to the beneficiary and the cash surrender value the policyholder would receive if the policy is surrendered prior to death.

If the life assured commits suicide within one year from the revival date of the policy, if revived, the higher of, 80 % of the premiums paid till the date of death and surrender value, will be payable as death benefit.

If the Life Assured commits suicide within one year from the revival date of the plan, if revived, the higher of, 80 % of the premiums paid till the date of death or surrender value, will be payable as Death Benefit.

If the Life Assured commits suicide within one year from the revival date of the policy, if revived, the higher of, 80 % of the premiums paid till the date of death and Surrender Value, will be payable as Death Benefits.

Funding of Premium (FOP)- Under this Benefit, Max Life will fund all outstanding premiums payable under the Policy, and the Fund Value will be paid on maturity

If the Life Assured commits suicide within one year from the revival date of the plan, if revived, the higher of, 80 % of the premiums paid till the date of death and surrender value, will be payable as Death Benefit

If the Life Assured commits suicide within one year from the revival date of the policy, if revived, the higher of, 80 % of the premiums paid till the date of death and Surrender Value will be payable as Death Benefit.

Once claim under this rider is accepted and future premium (s) are waived; then in case of termination of base policy due to happening of any insured event or surrender (only if surrender value is available under the base policy), the following benefits are payable: -

Suicide exclusion under Death Benefit: - In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiary.

Maturity benefit is the amount payable at the end of the policy term which is equal to your Fund Value * as on Date of Maturity, provided Settlement Option has not been exercised.

The death benefit which is payable under this HDFC pension plan will be the amount which will be higher among the fund value on the date of death or 105 % of premiums paid till death

Fund Value Guaranteed Death Benefit = 105 % of Total Premiums Paid till death is payable.

The Reduced Paid - Up Value is equal to 110 % of the Sum Assured multiplied by the ratio of the total number of Regular Annual Premiums paid to the total number of Regular Annual Premiums payable and subtracting the total Survival Benefits under the plan.

On Vesting, higher of the accumulated Fund Value or Guaranteed Vesting Benefit subject to a minimum of 101 % of premiums paid will be payable.

Other value addition benefit includes Double Accident benefit which offers an additional benefit equal to sum assured shall be payable if death is caused within 180 days of any bodily injury sustained directly and solely from an accident

On Vesting, higher of the accumulated Fund Value or Assured Benefit of 101 % of premiums paid will be payable.

On demise of the policyholder, higher of the sum assured including top - up sum assured excluding the partial withdrawals or fund value including top - up fund value or minimum death benefit is payable.

In case of suicide committed after 12 months of policy inception or revival, the death benefit payable to the nominee will be higher or Surrender Value, if applicable or 80 % of total premiums paid.

The death benefits with Reduced Paid - Up value shall be the sum assured on death multiplied by the ratio of the number of premium installments paid to the total number of installment premium payable.

For Limited and Regular Pay plans, higher of Sum Assured + Fund Value (including top - up SA and Fund Value) or Minimum Death Benefit is payable for ages less than 50 years.

In that case, the surrender value will be a total of percentage value of premiums paid till date which will be excluded from any extra premiums paid and premium rider values (if there is any)-- survival benefits that are already due and still payable to the policyholder.

The policy will terminate on payment of the surrender value and no more benefits will be payable.

Policy Termination or Surrender Benefit: the policy may be surrendered by the Master policyholder but the member may continue the cover till the end of the term but there is no Surrender Value payable

On death of the life assured before the vesting date, the death benefit payable to the nominee will be higher of the total Fund Value as on date of receipt of intimation of death or the Guaranteed Death benefit payable to the nominee will be higher of the total Fund Value as on date of receipt of intimation of death or the Guaranteed Death BenefitBenefit

Maturity Benefit: At the time of maturity, if either of the two lives survives, the Maturity Benefit payable is equivalent to Fund Value including Loyalty Additions.

Suicide Exclusion: If the Life Assured commits suicide within one year from the Policy Commencement Date, whether sane or insane at the time, the Company will limit the Death Benefit to the Fund Value as available on the date of death and no insurance benefit will be pBenefit to the Fund Value as available on the date of death and no insurance benefit will be pbenefit will be payable.

In such cases, a discounted value of the outstanding annual income is received by the nominee, subject to a minimum of the Death Benefit payable less annual income already paid.

Scenario B - Death Benefit: In the event of death of Mr. Aryan during 12th policy year, the death benefit payable is higher of Sum Assured plus Top up Sum Assured OR Fund Value as on the date of intimation ofBenefit: In the event of death of Mr. Aryan during 12th policy year, the death benefit payable is higher of Sum Assured plus Top up Sum Assured OR Fund Value as on the date of intimation ofbenefit payable is higher of Sum Assured plus Top up Sum Assured OR Fund Value as on the date of intimation of death.