Sentences with phrase «on policy anniversary date»

Typically, such changes are incorporated on the policy anniversary date.

With most insurers, you can add a rider on the policy anniversary date up to a sum assured that is less than your base policy.

When your annual renewable policy matures, on your policy anniversary date, you must renew it.

The premiums typically increase every year on the policy anniversary date of the policy.

The premium rates are not guaranteed and could change on any policy anniversary date.

Compound Automatic Increase The Compound Automatic Increase options apply a fixed rate of growth to certain Long - Term Care Insurance policy benefits each year on the policy anniversary date.

Simple Automatic Increase Options The Simple Automatic Increase options apply a fixed rate of growth to certain Long - Term Care Insurance policy benefits each year on the policy anniversary date.

CPI - U Automatic Annual Increases Long - Term Care Insurance policies with the CPI - U Automatic Annual Increase option provide a variable rate of annual benefit growth, on the policy anniversary date, based on the Consumer Price Index for Urban Measures.

Rather, interest is due on each policy anniversary date.

The premium rates are not guaranteed and could change on any policy anniversary date.

Not exact matches

The policy anniversary date, contestable suicide periods, conversion privileges, and optional riders may be based on the coverage effective date.

This rider allows for the purchase of benefit increases on each policy anniversary until the rider's expiration date, subject only to financial underwriting and policy requirements.

Your policy can only commence on your employers» plan year anniversary date, and you can only cancel your policy during the open enrollment.

1 For insureds born on or before Dec. 31, 1956, the normal policy termination date is the policy anniversary on or following the 66th birthday.

Policy Date The date, specified on the policy's data pages, from which other policy dates, including anniversaries, are meaPolicy Date The date, specified on the policy's data pages, from which other policy dates, including anniversaries, are measuDate The date, specified on the policy's data pages, from which other policy dates, including anniversaries, are measudate, specified on the policy's data pages, from which other policy dates, including anniversaries, are meapolicy's data pages, from which other policy dates, including anniversaries, are meapolicy dates, including anniversaries, are measured.

Policy Anniversary The policy anniversary occurs yearly on the day and month of the policyPolicy Anniversary The policy anniversary occurs yearly on the day and month of the pAnniversary The policy anniversary occurs yearly on the day and month of the policypolicy anniversary occurs yearly on the day and month of the panniversary occurs yearly on the day and month of the policypolicy date.

A policy service charge of $ 30 is not included in these charges, but will be deducted each year from the policy's Accumulation Value on the policy anniversary and upon surrender if on that date the accumulation value is less than $ 100,000.00.

A policy service charge of $ 30 is not included in these charges, but will be deducted from the policy's Accumulation Value on the policy anniversary and upon surrender if on that date the Accumulation Value is less than $ 100,000.00.

Benefits will automatically reduce by 50 % on the policy anniversary following the insured person's attainment of age 70, or after five years from the effective date, whichever provides the longer period of coverage.

1If requested prior to the earlier of the end of the initial term period or the policy anniversary following the insured's 75th birthday, the policyowner can convert the term policy to the permanent life insurance policy that we make available for conversion on that date in the policy's state of issue.

1 The maximum loan value is the cash value as of the date of the loan, less any existing loan and accrued interest and interest on indebtedness from the date of the loan to the next policy anniversary date.

• Receive Cash — Generally payable annually in the form of a check on the anniversary date of the policy • Use Towards Premiums — Instead of taking the dividends as cash, you can apply the money towards your policy premiums • Let Dividends Accumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separate rider

The policy anniversary on which the life assured is aged 60 years (as on last birthday) or the maturity date of the base policy which ever is earlier.

The Policy Administration Charges given above are deducted from the unit account on monthly basis at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of Policy Administration Charges given above are deducted from the unit account on monthly basis at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of policy commencement date) of a policy by cancellation of policy by cancellation of units.

Family Income Benefit (FIB)-- An amount equal to 10 % of the Sum Assured will be paid on each Policy anniversary following or coinciding with the Date of Death of the Life Insured till the end of the Policy Term, but not exceeding 10 such installmentsa

The monthly income will be payable each month on the anniversary date, starting from the first Policy Anniversary post the date of death of the Lianniversary date, starting from the first Policy Anniversary post the date of death of the LiAnniversary post the date of death of the Life Insured.

The policy anniversary following the child reaching 18 years is the date on which the ownership of the policy will revert back in the child's name and the child becomes the legal policyholder this date is called the Vesting date on which the ownership of the policy will revert back in the child's name and the child becomes the legal policyholder this date is called the Vesting date is called the Vesting DateDate

The mode of annuity payment can be changed on any policy anniversary by submitting a written request at least forty - five days prior to the policy anniversary date.

The policyholder receives Fund Value based Loyalty Additions on the last three policy anniversaries of the policy term, on the condition that all Loyalty Additions have been paid until the date of the respective Loyalty Additions.

The survival benefit payment is paid at the end of the premium paying term and on successful completion of every subsequent year till the policyholder survives or policy anniversary prior to the date of maturity.

Loyalty units will be allocated to each scheme on the next working day of each policy anniversary date.

How much will depend on whether or not you are being canceled for just cause like non-payment of your premiums or whether you are simply not being renewed at the anniversary date of your policy.

Switching of existing Fund Value shall happen on the policy anniversary and Allocation of premium received amongst the Funds shall happen on the date of receipt of such premium or premium due date, whichever is later, in the proportion mentioned in the table below.

Sum Assured on Death will be paid in equal monthly installments starting immediately from the next monthly anniversary following the date of death and will be payable for 72 months (for policy term 12 years), 96 months (for policy term 16 years) or 144 months (for a policy term of 24 years).

In this paln on death your family will get 10 % of SUM ASSURED payable on every year policy anniversary after death and on maturity date again 110 % SUM ASSURED + BONUS + FAB

In this paln on death your daughterwill get 10 % of SUM ASSURED payable on every year policy anniversary after death and on maturity date again 110 % SUM ASSURED + BONUS + FAB.

This will reflect the policy fund value as on the anniversary date.

However, if you can only withdraw the life insurance interest on the anniversary date of the life insurance policy (or other specified date), the life insurance interest is taxable and must be reported on your tax return in the tax year in which that date occurs.