Insurance Age definition
Insurance Age means, at any date, the age of the Life Insured or Policyholder where applicable at his or your next birthday.
Insurance Age means, as at any date, the age of the Life Insured or Policyholder (as applicable) specified as Insurance Age at Effective Date in Policy Schedule 1 plus the number of completed Policy Years;
Insurance Age means, at any date, the age of the Life Insured or the Policyholder (where applicable) on the last birthday prior to (or on the birthday the same day as) the Policy Date or the relevant Policy Anniversary.
Examples of Insurance Age in a sentence
Transfers from the Fixed Account to the Subaccounts are not permitted after the Insured’s Attained Insurance Age 120 Anniversary.
Under current federal tax law in effect as of the Policy Date, keeping the policy In Force on or after the Insured’s Attained Insurance Age 100 Anniversary raises certain tax issues to which there are currently no clear answers.
An Age Anniversary is the Policy Anniversary on which the Insured becomes a certain Attained Insurance Age.
Prior to the Insured’s Attained Insurance Age 120 Anniversary, You may change the death benefit option once per year by Written Request.
The Insurance Age of the Insured on the Policy Date is the issue age shown under Policy Data.
More Definitions of Insurance Age
Insurance Age for each coverage means your age at your birthday nearest the coverageeffective date as shown on the Policy Summary.
Insurance Age means, at any date, the age of the Life Insured or Policyholder (as applicable) on the most recent birthday prior to the Policy Date plus the number of completed Policy Years. If the Life Insured’s or Policyholder’s (as applicable) birthday is on the Policy Date, it will be calculated based on the age on such Policy Date.
Insurance Age means the age of the insured according to the Insurance Policy.
Insurance Age means that age of an Insured Member on his last birthday.
Insurance Age for each coverage means your age at your birthday nearest the coverage
Insurance Age is the age of a person as determined by the issuing company to accomplish the purposes of the Plan.
Insurance Age means age nearest birthday on the effective date of the universal life insurance policy (i.e. your age on the birthday which is within six months of the effective date.)