Definitions for "Death Benefits" Add To Word List
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See accidental death benefit.
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It must be duly certified. The accrued benefits will be paid to the legal personal representative of the scheme member.
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Benefits paid to surviving dependents when a work injury or illness results in death.
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Where death results from a work-related injury within 300 weeks from the date of the injury, weekly workers compensation benefits and burial expenses are provided to certain dependents, including a surviving spouse, children under 18, and adult dependent children. If the worker is not survived by a spouse or dependent children, benefits may be claimed by parents, brothers, and sisters under certain conditions.
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Benefits payable to surviving dependents or to the estate of an employee whose compensable injury results in death.
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Benefits paid to a members beneficiaries in the event of a members death, e.g. their nominated beneficiaries, spouse, dependants or estate. Earnings Cap A cap imposed on the amount of earnings a member may use for contributions to a personal pension, For example: In 2005/06 the earnings cap is £105,600.00. Any earnings over this level will not be able to be used for contributions.
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Payments to a beneficiary of a deceased participant that may be provided under a qualified plan.
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are proper workers’ compensation benefits payable when a work injury results in death. Death benefits available to a family may include medical care, burial expenses, and dependent benefits.
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Benefits paid by a superannuation fund to a dependant or estate, following the death of a member.
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The payment the investor's estate or beneficiaries will receive if he or she dies before the annuity matures. There are several types of death benefits with variable annuities, including: Current account value or initial investment (whichever is greater), in which the beneficiary receives the vale of the annuity when the policyholder dies; Rising floor, in which an investment company guarantees a minimum return on premium deposits, regardless of subaccount investment performance; Ratchet, a benefit equal to the greater of (a) the contract value, (b) premium payments less prior withdrawals or (c) the contract value on a specified prior date; and Stepped-up, which guarantees the account value to the beneficiary as of a particular anniversary date (e.g. every 5 years).
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Benefits paid to a beneficiary upon the death of a person. These benefits can include payouts from a pension scheme or life insurance policy.
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Payments from an insurance policy or an individual retirement account (IRA) to a beneficiary.
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