Lifetime Monthly Income Sample Clauses

Lifetime Monthly Income. You will receive a monthly income which consists of a guaranteed and a non-guaranteed amount at the end of each Policy month. The first monthly income will start from the end of the thirteenth (13th) Policy month until the policy matures, as long as the Life insured is alive and the policy is in force. The monthly income is a percentage of the single Premium, divided by 12. From the 13th Policy month onwards 1.65% p.a. 2.65% p.a.
Sample 1
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Lifetime Monthly Income. You will receive lifetime monthly income which consists of a guaranteed and non-guaranteed amount at the end of each Policy month, starting from the 2nd Policy anniversary onwards, as long as Your policy is valid. The monthly income is derived as a percentage of the single Premium paid. Guaranteed Monthly Income (Percentage of Single Premium p.a.) Non-Guaranteed Monthly Income (Percentage of Single Premium p.a.) 3rd Policy Year Onwards 0.50% 1.45% 2.90% You may deposit Your monthly income with Us to earn a non-guaranteed interest. We may change the interest rate at any time by giving You 30 days’ written notice. You may withdraw the deposits with Us at any time with no charges but the minimum withdrawal amount each time is the lesser of either S$1,000 or the entire deposit amount. Before We make any payments, any amounts owing to Us will first be deducted. If You did not state Your choice of monthly income payout option, the default option is to deposit Your monthly income with Us to earn a non-guaranteed interest. You can write in to Us to change Your option 14 days before Your monthly income payout.
Sample 1Sample 2
Lifetime Monthly Income. You will receive lifetime monthly income which consists of a guaranteed and non-guaranteed amount at the end of each Policy month, starting from the 1st policy anniversary onwards, as long as your policy is valid. The monthly income is derived as a percentage of the Face value. Guaranteed Monthly Income (Percentage of Face value) Non-Guaranteed Monthly Income (Percentage of Face value) 2nd –10th Policy Year 0.27% p.a. to 0.90% p.a. 0.17% p.a. to 0.58% p.a. 0.34% p.a. to 1.15% p.a. 11th – 19th Policy Year 2.24% p.a. 1.44% p.a. 2.87% p.a. 20th – 29th Policy Year 2.26% p.a. 1.49% p.a. 2.98% p.a. 30th Policy Year Onwards 2.30% p.a. 1.50% p.a. 3.00% p.a. You may deposit your monthly income with us to earn a non-guaranteed interest. We may change the interest rate at any time by giving you 30 days’ written notice. You may withdraw the deposits with us at any time with no charges but the minimum withdrawal amount each time is the lesser of either $1,000 or the entire deposit amount. Before we make any payments, any amounts owing to us will first be deducted. If you did not state your choice of monthly income payout option, the default option is to deposit your monthly income with us to earn a non-guaranteed interest. You can write in to Etiqa to change your option 14 days before your monthly income payout.
Sample 1

Related to Lifetime Monthly Income

  • Mileage Allowance The state agrees to seek continued funding to provide for the payment of a mileage allowance for the use of privately owned vehicles for official travel at the rate provided in section 112.061(7)(d)1., F.S.

  • Overtime Meal Allowance Employees required to work more than two (2) hours overtime consecutive with a shift shall be provided with a meal by the Employer.

  • Monthly On or prior to the 20th calendar day of each calendar month, beginning with November 2023 (such date, the “Monthly Reporting Date”), the Collateral Agent shall compile and provide (or cause to be provided) to the Agents, the Equityholder, the Borrower and the Lenders, a monthly report for the prior calendar month (each, a “Monthly Report”) in accordance with this Section 8.07. The Investment Advisor shall provide to the Collateral Agent information as is reasonably requested by the Collateral Agent or necessary to produce the Monthly Report. The Collateral Agent shall, based, in part, on the information provided to it, calculate: (i) Aggregate Net Collateral Balance, (ii) Borrowing Base, (iii) Excess Concentration Amount, (iv) Maximum Available Amount, (v) each Coverage Test, (vi) for any Payment Date Report, completion of Priority of Payments pursuant to Section 9.01(a), (vii) balances for each of the Covered Accounts, (viii) EOD Borrowing Base, (ix) EOD OC Ratio, (x) EOD OC Ratio Breach, (xi) Distribution Borrowing Base and (xii) such other calculations as may be mutually agreed upon by the Collateral Agent, the Investment Advisor and the Administrative Agent. As used herein, the “Monthly Report Determination Date” with respect to any calendar month in which a Payment Date does not occur (or, if such day is not a Business Day, the next Business Day) will be the last day of such calendar month. The Monthly Report for a calendar month shall contain the information with respect to the Collateral Assets and Eligible Investments included in the Collateral that is agreed to by the Investment Advisor, the Administrative Agent and the Collateral Agent from time to time, and shall be determined as of the Monthly Report Determination Date for such calendar month. The Investment Advisor shall cooperate with the Collateral Agent in connection with the preparation of the Monthly Reports and each daily report delivered pursuant to Section 8.07(c) below. Without limiting the generality of the foregoing, the Investment Advisor shall timely supply any information maintained by it that the Collateral Agent may from time to time reasonably request and reasonably needs to complete the calculations and reports required to be prepared by the Collateral Agent hereunder or required to permit the Collateral Agent to perform its obligations hereunder In addition, the Borrower shall provide (or cause to be provided) in each Monthly Report a statement setting forth in reasonable detail each amendment, modification or waiver under any Related Document for each Collateral Asset that constitutes a Material Modification that became effective since the immediately preceding Monthly Report (or, in respect of the first Monthly Report, from the Closing Date).

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