Security Benefit Life Insurance Sample Clauses

Security Benefit Life Insurance. Company A Member of The Security Benefit Group of Companies One Security Benefit Place, Xxxxxx, XX 00000-0000 0-000-000-0000
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Security Benefit Life Insurance. Company A Member of The Security Benefit Group of Companies One Security Benefit Place, Xxxxxx, XX 00000-0000 0-000-000-0000 The variable annuity covered by this Contract is the subject of a pending patent application in the United States Patent and Trademark Office. V6029 (11-00)U TABLE OF CONTENTS Page CONTRACT DATA PAGE 3 DEFINITIONS 4 GENERAL PROVISIONS 7 The Contract 7 Compliance 8 Misstatement of Age 8 Evidence of Survival 8 Incontestability 8 Assignment 8 Ownership of Assets 8 Transfers 8 Claims of Creditors 9 Basis of Values 9 Participation 9 Statements 9 Delay of Payment 9
Sample 1
Security Benefit Life Insurance. Company A Member of The Security Benefit Group of Companies One Security Benefit Place, Xxxxxx, XX 00000-0000 0-000-000-0000 The variable annuity covered by this Contract is the subject of a pending patent application in the United States Patent and Trademark Office. V6029 (11-00)U TABLE OF CONTENTS Page CONTRACT DATA PAGE 3 DEFINITIONS 4 GENERAL PROVISIONS 7 The Contract 7 Compliance 8 Misstatement of Age 8 Evidence of Survival 8 Incontestability 8 Assignment 8 Ownership of Assets 8 Transfers 8 Claims of Creditors 9 Basis of Values 9 Participation 9 Statements 9 Delay of Payment 9 OWNERSHIP, ANNUITANT AND BENEFICIARY PROVISIONS 10 Ownership 10 Joint Ownership 10 Annuitant 10 Primary and Contingent Beneficiaries 10 Ownership and Beneficiary Changes 10 PURCHASE PAYMENT PROVISIONS 11 Flexible Purchase Payments 11 Purchase Payment Limitations 11 Purchase Payment Allocation 11 Place of Payment 11 CONTRACT VALUE AND EXPENSE PROVISIONS 11 Contract Value 11 Fixed Account Contract Value 11 Fixed Account Interest Crediting 12 Separate Account Contract Value 12 Accumulation Unit Value 12 Net Investment Factor 13 Determining Accumulation Units 13 Mortality and Expense Risk Charge 13 Rider Charge 13 Method of Deducting Mortality and Expense Risk and Rider Charges 14 Administration Charge 15 Account Administration Charge 15 Premium Tax Expense 15 Withdrawal Charges 15 Free Withdrawals 16 Mutual Fund Expenses 16 WITHDRAWAL PROVISIONS 16 Withdrawals 16 Partial Withdrawals 17 Systematic Withdrawals 17 Withdrawal Value 17 DEATH BENEFIT PROVISIONS 18 Death Benefit 18 Proof of Death 18 Distribution Rules 18 ANNUITY BENEFIT PROVISIONS 19 Annuity Start Date 19 Change of Annuity Start Date 19 Annuity Options 19 Annuity Start Amount 21 Fixed Annuity Payments 21 Variable Annuity Payments 21 Annuity Tables 21 Annuity Payments 22 Annuity Units 22 Annuity Unit Value 22 Alternate Annuity Option Rates 23 AMENDMENTS OR RIDERS, if any CONTRACT DATA PAGE OWNER NAME: Xxxx Xxx CONTRACT NUMBER: 123456789 JOINT OWNER NAME: Xxxx Xxx CONTRACT DATE: July 1, 1999 ANNUITANT NAME: Xxxx Xxx ANNUITY START DATE: July 1, 2005 ANNUITANT DATE OF BIRTH: October 5, 1960 PLAN: Non-Qualified ASSIGNMENT: This Contract may be assigned. See assignment provision.
Sample 1
Security Benefit Life Insurance. Company 4. Security Benefit Group, Inc. 5. Security Management Company, LLC 6. Security Distributors, Inc. 7. Creative Impressions, Inc. 8. Security Benefit Academy, Inc. Security Benefit Life Insurance Company and all of its affiliates listed above (hereafter collectively referred to as the "GROUP OF COMPANIES") agree that from time to time certain members of the GROUP OF COMPANIES may furnish personnel, services, office space and equipment (hereafter referred to as "Facilities") to other members of the GROUP OF COMPANIES and that members providing such facilities should be fairly compensated by the member to whom such facilities are provided. In consideration of the mutual promises from and to each party, it is agreed by and between the parties as follows:
Sample 1
Security Benefit Life Insurance. If you agree to the foregoing, please sign the enclosed copies of this letter and return them to Xxxxxxxx Xxxxx Yu at Xxxxxx Xxxxxxx Investment Management Inc., 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000. Sincerely, Xxxxxx Xxxxxxx Investment Management Inc. By: /s/ Xxxxxx X. Xxxxxxx ----------------------------------- Name: Xxxxxx X. Xxxxxxx ----------------------------------- Title: Managing Director ----------------------------------- AGREED and ACCEPTED: Security Benefit Life Insurance Company By: /s/ Xxx Xxxx ----------------------------------- Name: Xxx Xxxx ----------------------------------- Title: Sr. V.P. & CMO ----------------------------------- AMENDMENT TO PARTICIPATION AGREEMENT This AMENDMENT TO PARTICIPATION AGREEMENT (the "Amendment") is made and entered into as of the 1st day of March, 2007, by and among SECURITY BENEFIT LIFE INSURANCE COMPANY (the "Company"), on its own behalf and on behalf of each separate account of the Company identified in the Participation Agreement (as defined below), THE UNIVERSAL INSTITUTIONAL FUNDS, INC. (the "Fund"), XXXXXX XXXXXXX DISTRIBUTION, INC. (the "Underwriter"), and XXXXXX XXXXXXX INVESTMENT MANAGEMENT INC. (the "Adviser").
Sample 1
Security Benefit Life Insurance. If you agree to the foregoing, please sign the enclosed copies of this letter and return them to Xxxxxxxx Xxxxx Yu at Xxxxxx Xxxxxxx Investment Management Inc., 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000. Sincerely, Xxxxxx Xxxxxxx Investment Management Inc. By: /s/ Xxxxxx X. Xxxxxxx ----------------------------------- Name: Xxxxxx X. Xxxxxxx ----------------------------------- Title: Managing Director ----------------------------------- AGREED and ACCEPTED: Security Benefit Life Insurance Company
Sample 1

Related to Security Benefit Life Insurance

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Benefit Limit A. Should it be determined that the aggregate Present Value (measured as of the Closing Date) of the Parachute Payment attributable to the Payment(s) does not exceed one hundred ten percent (110%) of the Permissible Parachute Amount, then no Gross-Up Payment shall be made to Executive under Paragraph 1 of this Appendix. Instead, the limitations set forth in this Paragraph 2 shall apply. Accordingly, the amount of the Payments otherwise due the Executive shall be reduced to the extent necessary to assure that the aggregate Present Value of the Payment(s) does not exceed the greater of the following dollar amounts (the “Benefit Limit”)

  • Split Dollar Life Insurance The Company shall pay to the Executive a lump sum equal to the cost on the Termination Date of purchasing, at standard independent insurance premium rates, an individual

  • ANNUITY BENEFIT Payments under an Annuity Benefit will be made monthly. You may elect instead to have the Annuity Benefit paid at other intervals, such as every three months, six months, or twelve months, instead of monthly, subject to our rules at the time of your election or as otherwise stated in the Data Pages or any Endorsement attached hereto. This election may be made at the time the Annuity Benefit form as described in Section 8.04 is elected. In that event, all references in this Contract to monthly payments, with respect to the Annuity Benefit to which the election applies, will be deemed to mean payments at the frequency elected.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Pension You are eligible to join the Company’s group personal pension scheme. Membership of and benefits under the scheme are strictly subject to the rules of the scheme as amended from time to time. The Company expressly reserves the right in its discretion to amend or terminate the pension scheme. The Company shall contribute to the Company’s pension scheme an amount equal to 10% of your Salary provided that you contribute 4% or more to that scheme, subject to the annual allowance set by HM Revenue & Customs from time to time not being exceeded. In the event that you exceed the annual allowance set by HM Revenue & Customs in any fiscal year or maximum lifetime allowance, the Company may, at your request, pay a pro-rata amount equal to 10% of your basic salary in lieu of a pension contribution to you as an allowance, subject to deduction of income tax and national insurance contributions, you certifying and, at the request of the Company, providing evidence satisfactory to the Company that you have exceeded such annual allowance for the applicable fiscal year or the maximum lifetime allowance and, if necessary, you opting out of auto enrolment. Any pension contribution or allowance shall be paid in equal monthly instalments in arrears.

  • Life Insurance If the Employer chooses to obtain insurance on the life of the Executive in connection with its obligations under this Agreement, the Executive hereby agrees to take such physical examinations and to truthfully and completely supply such information as may be required by the Employer or the insurance company designated by the Employer.

  • Disability Benefits Following a Change in Control and during the term of this Agreement, during any period that the Executive fails to perform the Executive’s full-time duties with the Company as a result of Disability, the Executive will receive short-term and long-term disability benefits as provided under short-term and long-term disability plans having terms no less favorable than the terms of the Company’s short-term and long-term disability plans as in effect immediately prior to the Change in Control, together with all other compensation and benefits payable to the Executive pursuant to the terms of any compensation or benefit plan, program, or arrangement maintained by the Company during the period of Disability.

  • ANNUITY Payment of an income:

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