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Today's Terms
Survivor Benefit
Definition:
The survivor benefit is a lump sum payment that will provide benefits to the insured's eligible waiting period can also be the time period between when a disability occurs and when payments from the disability insurance policy begin.
Mandatory Supplementation
Definition:
The supplementary payments that are made only to beneficiaries who were converted to the SSI program from former State assistance programs at the inception of the SSI program.
Maximum Benefit Period (Benefit Duration)
Definition:
This is the maximum length of time for which benefits are payable under the plan as long as the employee remains continuously disabled.
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