Life Assured Sample Clauses

Life Assured. The person whose life is insured by this Policy and as named in the Certificate of Insurance. Policy This contract together with any attached supplementary terms, Riders and subsequent Endorsements. Policy Anniversary Each annual anniversary of the Commencement Date. Policy Expiry Date The date that the entire Policy expires which is this Policy Expiry Date stated in the Certificate of Insurance. Policy Year The period between two (2) consecutive Policy Anniversaries. The period from the Commencement Date to the day before the first Policy Anniversary is the first Policy Year or Policy Year 1.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Life Assured. The natural person(s) named as the Life Assured, the last of whose death will trigger the payment of a death benefit from the Policy. You (if a natural person) are by default the primary Life Assured.
Sample 1
Life Assured. The individual or individuals named as such in the Schedule and where thera are two or more individuals means for the purposes of Term 15 the last to die of those individuals. Policy Custodian Life is the issuer of the Prestige Portfolio Bond. An indvidual Policy will be issued following your application for an Prestige Portfolio Bond (”the Bond”). The Policy is a whole of life policy, under which any premium payments and benefits are denominated in the currency shown in the Schedule. The terms and conditions set out in this document apply to the Policy. Policy Issue Date The Policy Issue Date shown in the Schedule. Policyholder The person or entity in whom legal ownership of the Policy is vested for the time being. At the Policy Issue Date You are shown in the Schedule as the Policyholder. Premium The Premium shown in the Schedule and any subsequent Premium We agree to accept as provided in Term 2. Quarterly or Monthly Date The Date on which the Investor’s Account is valued for the purpose of calculating any Policy Charges as defined in Term 28 and for preperation of a valuation statement as explained in Term 7. Policy Schedule The Schedule issued for each Policy, showing the policy number and par- ticulars. Valuation Date The time at which the Investor’s Account is valued as explained in Term 7. Working Day
Sample 1

Related to Life Assured

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

  • Group Life Insurance Plan Section 1 - Eligibility Regular full-time and regular part-time employees who are on staff January 1, 1979 or who join the staff following this date shall, upon completion of the three-month probationary period, become members of the Group Life Insurance Plan as a condition of employment.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Basic Life Insurance 37.1 The Employer shall pay one hundred percent (100%) of the monthly premium of the basic life insurance plan.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions.

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • Life Insurance Coverage a. Fifteen Thousand ($15,000) Dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. Such insurance shall pay double in the case of accidental death or dismemberment.

  • HEALTH AND LIFE INSURANCE The Sheriff will continue to offer to employees of this bargaining unit the same health and life insurance programs being offered to other Sheriff’s Office employees. Due to the changing nature of the health insurance market, the Sheriff retains the right during the term of this Agreement to develop plan changes or to change carriers in order to reduce costs or for other reasons. Changes to the level and types of benefits shall be subject to bargaining as provided by law. Rates paid by the employee will be established by the Sheriff.

Time is Money Join Law Insider Premium to draft better contracts faster.