Group Annuity Policy definition

Group Annuity Policy means a group annuity policy issued by Sun Life Assurance Company of Canada (“Sun Life”) to the Trustee in respect of the Plan.
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Group Annuity Policy or "Policy" means the Company's Group Annuity Policy No. 101, issued to Fleet National Bank as Trustee of the First Allmerica Financial Life Insurance Company Annuity Trust.
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Group Annuity Policy means Group Annuity Policy No. issued by the Lon- don Life Insurance Company to The Continental Group of Canada as it continues in effect, for purposes of this Plan, in accordance with Article herein.
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Examples of Group Annuity Policy in a sentence

  • For more complete information, reference should be made to the Pension Plan Document and Group Annuity Policy Number 99059-G.

  • ARTICLE AMOUNT OF PENSION ALLOWANCE A basic amount of seventy two dollars ($72.00) per annum for each year of Credited Service not exceeding Normal Retirement plus any past service purchased under Group Annuity Policy For the purpose of calculating the amount of pension Credited Service as determined under Article V will be adjusted to the nearest twelfth of a year.

  • The Trustee will be under no obligation to supervise, and will have no responsibility or liability for any acts of Sun Life acting under the Group Annuity Policy.

  • In the event of any conflict between the terms and conditions of the Group Annuity Policy and the Plan, the terms and conditions of the Group Annuity Policy will govern.

  • The Group Annuity Policy will not be amended by the Trustee except upon the specific written direction of the Company.

  • The Group Annuity Policy provides that contributions may be made to those funds which the Trustee has chosen on the Company's Instructions by way of a separate written instrument and agreed to by Sun Life, and the Company confirms that it has approved those funds.

  • The Company acknowledges that the investment of the Trust Fund in segregated funds and/or guaranteed funds will be governed by the terms of the Group Annuity Policy.

  • The amount of monthly Retirement Pension shall be calculated according to the provisions of Article An Employee's normal retirement date will be the first day of the month immediately following the date you attain the age of For each year of membership in the plan, a retirant will receive a pension at normal retirement date equal to per annum, less any annuity purchased under Group Annuity Policy No. to provide past service.

  • DEFINITIONS (continued) Eligible Person - includes any person who may be a member of the Group Policyholder but who is in the employment of a Participating Employer on the date that the Application for Coverage under this Group Annuity Policy is made in respect of him/her.

  • The amount of monthly Retirement Pension shall be calculated according to the provisions of Article An Employee's normal retirement date will be the first day of the month following the date you attain the age of For each year of membership in the plan, a retirant will receive a pension at normal retirement date equal to per annum, less any annuity purchased under Group Annuity Policy No. to provide past service.


More Definitions of Group Annuity Policy

Group Annuity Policy means any group annuity policy as described in Article XIX and issued by the insurance Company to the Trustee.
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Group Annuity Policy means any group annuity policy or policies issued by the Insurance Company to the Trustee for purposes of funding all or a portion of the benefits of the Plan pursuant to Section 16.2.
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Related to Group Annuity Policy

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Group Annuity Contract means a master contract providing annuities to a group of persons under a single con- tract.

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Rates Policy means the policy on the levying of rates on rateable properties of the Nquthu Municipality, contemplated in chapter 2 of the Municipal Property Rates Act.

  • Continuation Coverage means the temporary continuation of PEBB benefits available to enrollees under the Consolidated Omnibus Budget Reconciliation Act (COBRA), 42 U.S.C. Secs. 300bb-1 through 300bb-8, the Uniformed Services Employment and Reemployment Rights Act (USERRA), 38 U.S.C. Secs. 4301 through 4335, or the public employees benefits board's policies.

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • Life insurance means contracts that incorporate mortality risk, including annuity and pure endowment contracts, and as may be specified in the valuation manual.

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • life policy means a contract in terms of which a person, in return for a premium, undertakes to -

  • R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.

  • CSR Policy means the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • COBRA Continuation Coverage means the health care benefit continuation coverage mandated by the Consolidated Omnibus Budget Reconciliation Act and similar provisions of state law.

  • Special Hazard Coverage Termination Date The point in time at which the Special Hazard Loss Coverage Amount is reduced to zero.

  • ANNUITY DATE The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY OPTIONS: Options available for Annuity Payments.

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $9,706,461, in each case reduced by Special Hazard Losses allocated to the REMIC II Regular Interests since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $9,706,461 as reduced by the Special Hazard Losses allocated to the REMIC II Regular Interests since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies (determined in the case of the Insured Certificates, without giving effect to the Certificate Insurance Policy).

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Reimbursement insurance policy means a policy of insurance

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.