Sentences with phrase «policy account value»
That rate of interest doubles policy account values every six or so years.
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The interest rate that AXA Equitable credits to the Interest Sensitive Whole LifeSM Policy Account Value is declared periodically.
Valuation Date A date on which policy account values - typically in variable policies - are contractually determined.
«Life Insurance Policy Account Value Vs. Surrender Value» accessed April 13, 2018.
Mortality charges will be deducted monthly based on the applicable mortality rate, and the difference between death benefit and Policy Account Value at the time of deduction of charges.
The interest rate that AXA Equitable credits to the Interest Sensitive Whole LifeSM Policy Account Value is declared periodically.
A date on which policy account values - typically in variable policies - are contractually determined.
The Policy Account Value may be enhanced by additional interest credited at current rates.
The interest rate AXA Equitable / MLOA credits to the Policy Account Value is declared periodically.
IncentiveLife Legacy ® III offers you the opportunity to direct how a portion of your premium payments and Policy Account Value are invested among a wide array of investment options that include equity portfolios, bond portfolios and a money market portfolio.
Additional interest can be used to increase the Policy Account Value.
The Policy Account Value may also be enhanced by additional interest.
The UL plan may be surrendered for its cash surrender value equal to the policy account value less any applicable market value adjustments on guaranteed investment accounts.
Withdrawals also will reduce the policy account value and cash surrender value.
Withdrawals also will reduce the policy account value / cash surrender value.
Provides a death benefit that varies with your policy Account Value.
Your death benefit is the amount of life insurance plus the policy Account Value.
When you take out a policy loan, your policy account value will instead be held as collateral for the loan and will therefore be held subject to the available cash surrender value.
(Although the policy account value may be enhanced by additional interest).
Money you borrow from your policy account value continues to earn interest, as if it were never taken out.
In case of death due to suicide within 12 months from the date of inception of the policy or from the date of revival of the policy, the nominee or beneficiary of the Policyholder shall be entitled to Fund Value / Policy Account Value, as available on the date of death.
Minimum specified premiums must be paid, and any policy loan (plus accrued interest) can not exceed the Policy Account Value.
IncentiveLife Legacy ® III offers you the opportunity to direct how a portion of your premium payments and Policy Account Value are invested among a wide array of investment options that include equity portfolios, bond portfolios and a money market portfolio.
Survivorship Incentive Life LegacySM offers you the opportunity to direct how a portion of your premium payments and Policy Account Value are invested among a wide array of investment options that include equity portfolios, bond portfolios, and a money market portfolio.
The Policy Account Value may also be enhanced by additional interest.
It shall apply to the Policy Account Value every day on a pro rata basis and shall accrue at every financial year end.
Under the Platinum Option, higher of, the policy account value + sum assured or 105 % of the total premiums paid is payable.
The interest rate of the bonus shall be expressed in terms of percentage rates and shall apply to the policy account value.
If the policyholder commits suicide within first 12 months of the policy inception or renewal, then the Policy Account Value shall be paid to the nominee.
The policyholder can withdraw his policy account value partially during the policy term.
On the death of the policyholder, higher of the policy account value or the base sum assured, which is subject to a minimum of 105 % of the total premiums paid is payable under the Gold Option.
The Policy Account Value may be enhanced by additional interest credited at current rates.
The interest rate AXA Equitable / MLOA credits to the Policy Account Value is declared periodically.
In the event of death of the life insured during the policy term, the Death Benefit payable is higher of Sum Assured on Death or Policy Account Value.
Policy Account Value, or Basic Sum Assured, or 105 % of all the premiums paid till the time of death, excluding any extra premiums (if any) of the individual member shall be paid.
Policy Account Value is the amount of regular premiums paid less applicable charges.
Upon surrendering the policy after first 5 policy years, the Policy Account Value is payable.
Guaranteed Interest Rate, Additional Interest Rate & Non-Zero Positive Residual Addition also boosts the Policy Account Value.
The Surrender Value will be the Policy Account Value, less the market value adjustment (MVA) amount (if any), Unearned investment income and the surrender charges (if any) including Service Tax and education cess.
Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, the Policy Account Value is payable.
Guaranteed Interest Rate, Additional Interest Rate and Residual Additions add - up to the Policy Account Value.
The Surrender Value under the contract will be the Policy Account Value less Discontinuance Charge, if any.
The Surrender Value will be the Policy Account value, less the Market Value Adjustment amount (if any) and the surrender charges
The minimum partial withdrawal amount is Rs 1,000, subject to maximum withdrawal in a policy year is 25 % of the Policy Account Value.
This charge will be deducted from the Policy Account Value of each member of the group scheme at the rate of 1.35 % p.a.
Scenario B - Death Benefit: In the event of his death during any policy year, the Death Benefit payable is higher of Sum Assured on Death or Policy Account Value.
You have the option to withdraw from your Policy Account Value after the 5th policy anniversary.
Upon surrendering the policy with - in first 5 policy years, the Policy Account Value is payable at the end of the 5th year.
On survival of the life insured till the end of the policy term, the Policy Account Value is payable.
In the event of death of the life insured, the beneficiary is entitled to receive following benefit: For Gold Option: The higher of Sum Assured less partial withdrawals #, Policy Account Value, or 105 % of the total premiums paid, as on the date of death.