Extended Insurance Sample Clauses

Extended Insurance. An employee who becomes totally disabled before age 70 shall be eligible to apply for the extended benefit provisions of the life insurance policy until age 70.
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Extended Insurance. An employee who becomes totally disabled before age 70 is eligible to apply for the extended benefit provisions of the life insurance policy until age 70.
Sample 1Sample 2Sample 3
Extended Insurance. This will be term insurance on the Insured's life. We will pay the amount of term insurance if the Insured dies in the term we describe below. Before the end of the term there will be cash values but no loan value. The amount of term insurance will be equal to the insurance amount on the due date of the premium in default, minus any contract debt. The amount of the insurance will not vary. The term is a period of time that will start on the due date of the premium in default. The length of the term will be what is provided when we use the net cash value as a net single premium for extended term insurance. The length of the term will depend on the net cash value, the amount of insurance, the Insured's issue age and sex, and on the length of time since the contract date. (The net single premiums that we refer to here are not those we show on the Contract Data page(s). The ones we show there are used to compute the variable insurance amount.)
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Extended Insurance. This will be term insurance of a fixed amount on the Insured's life. We will pay the amount of term insurance if the Insured dies in the term we describe below. Before the end of the term there will be cash values but no loan value. The amount of term insurance will be the death benefit on the day of default, minus any part of that death benefit which was provided by extra benefits. The term is a period of time that will start on the day the contract went into default. The length of the term will be what is provided when we use the net cash value at the net single premium rate. This rate depends on the Insured's issue age and sex and on the length of time since the contract date. There may be extra days of term insurance. This will occur if, on the day the contract goes into default, the term of extended insurance provided by the net cash value does not exceed 90 days, or the number of days the contract was in force before the default began, if less. The number of extra days will be (1) 90, or the number of days the contract was in force before the default began, if
Sample 1
Extended Insurance. This will be term insurance of a fixed amount on the Insured's life. We will pay the amount of term insurance if the Insured dies in the term we describe below. Before the end of the term there will be cash values but no loan value. The amount of term insurance will be the death benefit on the date of default, minus any part of that death benefit which was provided by extra benefits. The term is a period of time that will start on the day the contract went into default. The length of the term will be what is provided when we use the net cash value at the net single premium rate. This rate depends on the Insured's issue age and sex and on the length of time since the contract date. There may be extra days of term insurance. This will occur if, on the day the contract goes into default, the term of extended insurance provided by the net cash value does not exceed 90 days, or the number of days the contract was in force before the default began, if less. The number of extra days will be (1) 90, or the number of days the contract was in force before the default began, if less, minus (2) the number of days of extended insurance that would be provided by the net cash value if there were no contract debt. The extra days, if any, start on the day after the last day of term insurance provided by the net cash value, if any. If there is no such term insurance, the extra days start on the day the contract goes into default. The term insurance for the extra days has no cash value. There will be no extra days if you replace the extended insurance with variable reduced paid-up insurance or you surrender the contract before the extra days start. Variable Reduced Paid-up Insurance.--This will be paid-up variable life insurance on the Insured's life. The death benefit may change from day to day, as we explain below, but if there is no contract debt, it will not be less than a minimum guarantee amount determined as of the day when the contract went into default. There will be cash values and loan values. The minimum guaranteed amount of insurance will be computed by using the net cash value at the net single premium rate. The net single premium rate depends on the Insured's issue age and sex and on the length of time since the contract date. The amount payable in event of death thereafter will be the greater of (a) the minimum guaranteed amount and (b) the contract fund divided by the net single premium at the Insured's attained age. In either case the amount will be adjuste...
Sample 1
Extended Insurance. Extended Insurance for: years days Terminates on Effective date of Suspension & Calculation 🞏 INCREASE IN AMOUNT OF INSURANCE Increase in Amount of Insurance from $ to $ . 🞏 Difference of Cash Reserve to be paid in the amount of $ . 🞏 Entire original Certificate of Insurance – or – Affidavit For Loss or Destruction of Certificate (A012-1048). 🞏 Insurance Application for approval by Underwriting. 🞏 REDUCED PAID UP INSURANCE Reduced Paid Up Insurance for $ as of . 000 X Xxxxxxxxx Xxx • Chicago IL • 60642-4101
Sample 1
Extended Insurance. Extended Medical Expense Benefits will be available for expenses incurred by the disabled person during the continua- tion of the disability for a maximum of twelve months beyond the date on which insurance terminates, but, in no event, beyond the date the disabled person becomes covered under any other plan. The Dental Expense Insurance will be extended to cover the following dental care received within the next provided benefits would have been paid had the insurance remained in effect.
Sample 1
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Extended Insurance. Extended insurance is not available if the Policy Class is shown as Rated in the Policy Details. It is not available if the cash surrender value exceeds the amount needed to provide term coverage to the maturity of this policy. If will not be eligible for dividends. Extended insurance is paid-up term insurance payable on the insured's death during the term. The amount of extended insurance will be equal to the face amount plus any paid-up additions less any amount owed on the policy. The insurance will commence as of the due date of the unpaid premium. It will continue for a period which will be determined by using the cash surrender value of this policy as a net single premium.
Sample 1
Extended Insurance. Insurance bought at the date of an unpaid premium if the policy has cash surrender value. It is paid-up term insurance and is not eligible for dividends. FACE AMOUNT The amount payable on the death of the insured. The face amount is shown in the Policy Details. LAPSE Termination of the policy, without value, due to non-payment of renewal premiums or loan interest. LOAN VALUE The loan value is the maximum amount you may borrow. It is the amount which, with interest, will equal the cash surrender value on the next policy anniversary or the next premium due date, if sooner. PAID-UP ADDITIONS Additional amounts of insurance purchased using dividends. These insurance amounts require no further premium payments. Paid-up additions have cash surrender value and are eligible for dividends. PAID-UP INSURANCE Insurance bought at the date of an unpaid premium if the policy has a cash surrender value. It is of the same type and for the same duration as the original policy. However, the amount of insurance purchased with this option will be smaller than the face amount of the policy.
Sample 1

Related to Extended Insurance

  • FDIC Insurance For any deposit accounts you open, the FDIC requires Bank to disclose, and you hereby acknowledge, that deposits held by Evolve Bank & Trust are insured up to $250,000 federal deposit insurance limit, per depositor for each ownership category.

  • Required Insurance Coverage As a condition of this Contract with DIR, Vendor shall provide the listed insurance coverage within 5 business days of execution of the Contract if the Vendor is awarded services which require that Vendor’s employees perform work at any Customer premises and/or use employer vehicles to conduct work on behalf of Customers. In addition, when engaged by a Customer to provide services on Customer premises, the Vendor shall, at its own expense, secure and maintain the insurance coverage specified herein, and shall provide proof of such insurance coverage to the related Customer within five (5) business days following the execution of the Purchase Order. Vendor may not begin performance under the Contract and/or a Purchase Order until such proof of insurance coverage is provided to, and approved by, DIR and the Customer. All required insurance must be issued by companies that have an A rating and a Financial Size Category Class of VII from A.M. Best, and are licensed in the State of Texas and authorized to provide the corresponding coverage. The Customer and DIR will be named as Additional Insureds on all required coverage. Required coverage must remain in effect through the term of the Contract and each Purchase Order issued to Vendor there under. The minimum acceptable insurance provisions are as follows:

  • Period of Insurance Period of insurance means the period shown as such on the e-certificate and validation card, which time is taken as Greenwich Mean Time unless otherwise stated.

  • Required Insurance The HSP will put into effect and maintain, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all necessary and appropriate insurance that a prudent person in the business of the HSP would maintain, including, but not limited to, the following at its own expense: Commercial General Liability Insurance, for third party bodily injury, personal injury and property damage to an inclusive limit of not less than 2 million dollars per occurrence and not less than 2 million dollars products and completed operations aggregate. The policy will include the following clauses: a. The Indemnified Parties as additional insureds; b. Contractual Liability; c. Cross-Liability;

  • Vehicle Insurance You shall, at your own expense, maintain business motor vehicle liability insurance (“Vehicle Insurance”), including coverage for loading and unloading Equipment and hired motor vehicle physical damage insurance, covering owned, non-owned, hired and rented vehicles, including utility vehicles such as trailers. Coverage for physical damage shall include “comprehensive” and “collision” coverage. We shall be named as an additional insured with respect to the liability coverage, and as a loss payee with respect to the physical damage coverage. The Vehicle Insurance shall also include coverage for pollution caused by any vehicles. The Vehicle Insurance shall provide not less than $1,000,000 in combined single limits liability coverage and actual cash value for physical damage and shall provide that said insurance is primary coverage with respect to all insureds, the limits of which must be exhausted before any obligation arises under our insurance.

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