We're selling many more policies than we had in the past with three-year lifetime maximum benefits whereas before five-plus years was the most common lifetime maximum benefit.
What does LMB stand for?
LMB stands for Lifetime Maximum Benefit
This definition appears rarely and is found in the following Acronym Finder categories:
- Science, medicine, engineering, etc.
See other definitions of LMB
We have 79 other meanings of LMB in our Acronym Attic
- Land of Medicine Buddha (Buddha-Dharma Center)
- Large-Mouth Bass
- Latin Music Booking
- League of Michigan Bicyclists (Lansing, MI)
- Leave Me Be
- Lee Myung-bak (South Korean president)
- Left Mouse Button
- Leftist Marching Band (est. 2004; Portsmouth, NH)
- Lego Master Builder
- Lehrer McGovern Bovis, Inc. (now Bovis Lend Lease LMB, Inc.; New York, NY)
Samples in periodicals archive:
Unlimited Benefits: Most carriers currently have a $2,000,000 (individual/group) lifetime maximum benefit.
50 effective January 1, 1993; early retirement at age 55 with 25 years of service, with benefits being actuarially reduced; a $15 increase over the term of the contract (previously, $75) in the weekly accident and sickness benefits, up to a maximum of 15 weeks annually; $100,000 (previously, $85,000) combined lifetime maximum benefit for inpatient, home health care, and outpatient surgical benefits effective November 1, 1990, and $110,000 effective November 1, 1992; and establishment of discounted programs with health and welfare providers, with the discounts being equally shared by the company and the employees.