ISSUE AGES Sample Clauses

ISSUE AGES. The minimum issue age is 18; the maximum issue age for automatic reinsurance is 72. In addition, 75% of all participants in the case must be at or below issue age 60. Maximum Face Amounts (Automatic Issue Limits) The face amounts per life cannot exceed the following: >> Initial: $35,000 times the total number of lives up to $3,500,000 >> Ultimate*: $70,000 times the total number of lives up to $7,000,000 * Ultimate face amount includes the initial face amount plus any increases. Automatic Binding Limits Therefore, the maximum face amounts per life that may be automatically ceded to the REINSURER are: >> Initial: 26.67% * Maximum Initial Face Amount >> Ultimate: 26.67% * Maximum Ultimate Face Amount Stacking Limits The amounts of Simplified Issue and Guaranteed issue in force and applied for across any and all companies on a single life cannot exceed the lesser of three times the automatic issue limit or $10 million. Non-US/Canadian Resident Limits Face amounts for Non-US/Canadian work addresses cannot exceed 5% of the Simplified or Guaranteed Issue case face amounts. Location Limits (Per Case) The total initial face amount subject to reinsurance with the pool at a single location cannot exceed $100 million. Projected Net Amount at Risk Limits For each life, the net amount at risk projected at issue cannot exceed the amount shown above for the maximum ultimate face amount. The projected net amount at risk is determined from the primary illustration provided by THE COMPANY during the sales process. If the net amount at risk projected at issue exceeds the US/Canadian Resident limits, then facultative reinsurance must be pursued. Other Conditions Pooled cases and cases involving negative consent are ineligible for automatic reinsurance. Guaranteed Issue Minimum Number of Lives Guaranteed Issue cases must include at least 25 lives.
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ISSUE AGES i. Super Preferred Non-Smoker: 20-80 ii. Standard Non-Smoker: 0- 90 iii. All Other Classes: 20 – 90 Note: Issue Ages 86-90 for Automatic business are currently limited to survivorship policies where the younger life does not exceed age 85 and is insurable as per the automatic limits. Table of Contents
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ISSUE AGES. The minimum issue age is 18; the maximum issue age for automatic reinsurance is 72. In addition, 75% of all participants in the case must be at or below issue age 60.
Sample 1
ISSUE AGES. The minimum issue age is 18; the maximum issue age for automatic reinsurance is 69. In addition, 75% of all participants in the case must be at or below issue age 55. Maximum Face Amounts (Automatic Issue Limits) The face amounts per life cannot exceed the following: >> Initial: $35,000 times the total number of lives up to $3,500,000 >> Ultimate: $70,000 times the total number of lives up to $7,000,000 Automatic Binding Limits Therefore, the maximum face amounts per life that may be automatically ceded to the REINSURER are: >> Initial: 53.33% * Maximum Initial Face Amount >> Ultimate: 55.33% * Maximum Ultimate Face Amount Stacking Limits The amounts of Simplified Issue and Guaranteed Issue in force and applied for across any and all companies on a single life cannot exceed the lesser of three times the automatic issue limit or $10 million. Non-US/Canadian Resident Limits Face amounts for Non-US/Canadian work addresses cannot exceed 5% of the Simplified or Guaranteed Issue case face amounts. Location Limits (Per Case) The total initial face amount subject to reinsurance with the pool at a single location cannot exceed $87.5 million. THE REINSURER's share of the initial case face amount must not exceed $46,663,750. All cases with Manhattan, New York City risks must be submitted facultatively. Projected Net Amount at Risk Limits For each life, the net amount at risk projected at issue cannot exceed the amount shown above for the maximum ultimate face amount. The projected net amount at risk is determined from the primary illustration provided by THE COMPANY during the sales process. If the net amount at risk projected at issue exceeds the US/Canadian Resident limits, then facultative reinsurance must be pursued. Other Conditions Pooled cases and cases involving negative consent are ineligible for automatic reinsurance.
Sample 1
ISSUE AGES. Plans Issue Ages 1. Policy Application Form(s) ICC0910193 Rev. 02-09 2. Underwriting Requirements Grid (medical and non-medical) Form 10182 Rev. 01/10 3. Underwriting Guidelines/Rules American National Guidelines.pdf 2/16/05 4. Preferred Underwriting Criteria or Rules Preferred2010changes.xls
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Related to ISSUE AGES

  • DOMESTIC PREFERENCES FOR PROCUREMENTS To the extent applicable, Supplier certifies that during the term of this Contract will comply with applicable requirements of 2 C.F.R. § 200.322.

  • Original Issue of Notes The Notes may, upon execution of this Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall, upon receipt of a Company Order, authenticate and deliver such Notes as in such Company Order provided.

  • Issue of PIN We may in our absolute discretion issue a PIN to you and/or permit you to select or change the PIN via TBS. We may send you the PIN by ordinary post at your sole risk.

  • ORIGINAL ISSUE OF DEBENTURES Debentures in the aggregate principal amount of up to $__________ may, upon execution of this Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and make available for delivery said Debentures to or upon the written order of the Company, signed by its Chairman, its Vice Chairman, its President, or any Vice President and its Treasurer or an Assistant Treasurer, without any further action by the Company.

  • Issue Date The provisions of this Warrant shall be construed and shall be given effect in all respect as if it had been issued and delivered by the Company on the date hereof.

  • Issue of Notes A new series of Securities is to be issued under the Indenture as supplemented by this Supplemental Indenture. The series shall be titled the “4.800% Senior Notes due 2026.”

  • 200 Domestic Preferences for Procurements As appropriate and to the extent consistent with law, the non-Federal entity should, to the greatest extent practicable under a Federal award, provide a preference for the purchase, acquisition, or use of goods, products, or materials produced in the United States (including but not limited to iron, aluminum, steel, cement, and other manufactured products). The requirements of this section must be included in all subawards including all contracts and purchase orders for work or products under this award. For purposes of 2 CFR Part 200.322, “Produced in the United States” means, for iron and steel products, that all manufacturing processes, from the initial melting stag through the application of coatings, occurred in the United States. Moreover, for purposes of 2 CFR Part 200.322, “Manufactured products” means items and construction materials composed in whole or in part of non-ferrous metals such as aluminum, plastics and polymer-based products such as polyvinyl chloride pipe, aggregates such as concrete, glass, including optical fiber, and lumber. Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, Vendor certifies that to the greatest extent practicable Vendor will provide a preference for the purchase, acquisition, or use of goods, products, or materials produced in the United States (including but not limited to iron, aluminum, steel, cement, and other manufactured products). Does vendor agree? Yes

  • Issue Price Selling Agent’s commission or Purchasing Agent’s discount, as the case may be;

  • CFR PART 200 Domestic Preferences for Procurements As appropriate and to the extent consistent with law, the non-Federal entity should, to the greatest extent practicable under a Federal award, provide a preference for the purchase, acquisition, or use of goods, products, or materials produced in the United States (including but not limited to iron, aluminum, steel, cement, and other manufactured products). The requirements of this section must be included in all subawards including all contracts and purchase orders for work or products under this award. For purposes of 2 CFR Part 200.322, “Produced in the United States” means, for iron and steel products, that all manufacturing processes, from the initial melting stag through the application of coatings, occurred in the United States. Moreover, for purposes of 2 CFR Part 200.322, “Manufactured products” means items and construction materials composed in whole or in part of non-ferrous metals such as aluminum, plastics and polymer-based products such as polyvinyl chloride pipe, aggregates such as concrete, class, including optical fiber, and lumber. Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, Vendor certifies that to the greatest extent practicable Vendor will provide a preference for the purchase, acquisition, or use of goods, products, or materials produced in the United States (including but not limited to iron, aluminum, steel, cement, and other manufactured products). Does vendor agree? Yes

  • Preference Issues If any Senior Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to disgorge, turn over or otherwise pay any amount to the estate of the Company or any other Grantor (or any trustee, receiver or similar Person therefor), because the payment of such amount was declared to be fraudulent or preferential in any respect or for any other reason, any amount (a “Recovery”), whether received as proceeds of security, enforcement of any right of setoff or otherwise, then the Senior Obligations shall be reinstated to the extent of such Recovery and deemed to be outstanding as if such payment had not occurred and the Senior Secured Parties shall be entitled to the benefits of this Agreement until a Discharge of Senior Obligations with respect to all such recovered amounts. If this Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. Each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, hereby agrees that none of them shall be entitled to benefit from any avoidance action affecting or otherwise relating to any distribution or allocation made in accordance with this Agreement, whether by preference or otherwise, it being understood and agreed that the benefit of such avoidance action otherwise allocable to them shall instead be allocated and turned over for application in accordance with the priorities set forth in this Agreement.

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