Or the insured's 65th birthday or
upon termination of the policy.
Not exact matches
A district school board may establish
policies to provide for a lump - sum payment for accrued vacation leave to an employee
of the district school board
upon termination of employment or
upon retirement, or to the employee's beneficiary if service is terminated by death.
The Company may receive premiums
upon the early
termination of installment - based
policies,
By definition, the paid up value
of a life insurance
policy is the value an owner receives from the insurer
upon default or surrender or early
termination of the
policy before its maturity or the insured's death.
When determining as to whether the employee has a right to the bonus
upon termination, the wording
of the bonus
policy or bonus provision in employment contracts must be analyzed carefully.
Upon surrendering the
policy after the completion
of the lock - in period
of 5 years, the fund value as on the date
of termination is payable.
Also,
upon termination of employment, the employee usually does not convert their term life coverage to a permanent life insurance
policy, because the premiums are much higher.