Extended death benefit

Insurance policy provision in a group life contract stating that if the insured is totally and continuously disabled, then from the date the insured ceases paying premiums until the date of his or her death, the insurance company will pay the amount of insurance at the date of stoppage of premium payments provided that death occurs within 1 year of the date of cessation of premium payments and before the insured’s sixty-fifth birthday.

Extension of benefits

See: Extended Benefits.
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A condition in the insurance policy which allows coverage to continue beyond the expiration date of the policy in the case of employees who are not actively at work or dependents who are hospitalized on that date. The extended coverage applies only where the employee or dependent is disabled as of that date and continues only until the employee returns to work or the dependent leaves the hospital.