Issue Ages definition

Issue Ages means the range of minimum and maximum ages for which a contract or certificate will be issued.
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Issue Ages. We will not issue a Contract [ before the youngest Owner’s or ▇▇▇▇▇▇▇▇▇’s [ 50th ] birthday, nor ] on or after the oldest Owner’s or ▇▇▇▇▇▇▇▇▇’s [ 86th ] birthday.
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Examples of Issue Ages in a sentence

  • Life Insurance: Maximum Retention Limit ------------------------------ Issue Ages (Youngest age) Amount ------------------------------ 0-75 $1,000,000.00 ------------------------------ 76-85 100,000.00 ------------------------------ 86+ 0 ------------------------------ For joint plans, determine the retention amount for each life and use the larger of the two amounts.

  • For Issue Ages 60 and above: The Company ceased accepting applications for policyholders issue ages 60 and above on February 1, 2015.

  • The commission target premium has been reduced for Issue Ages 41 and above for males, females and unisex policies.

  • 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.

  • For Individual Commodore Navigator contracts with Issue Ages 81-85 compensation is 60% of amounts above.

  • The Issue Ages shown in the Data Section are the ages of the Insureds on their birthdays nearest to the Date of Issue.

  • Issue Ages - For policies, which qualify for Automatic Reinsurance Coverage, the Company will retain % ( percent) of the policy, and will reinsure % ( percent) of the policy, on a first dollar quota share basis, with the Reinsurer, up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit D.

  • Basic) --- For Issue Ages 0-80 The EDB-EE Basic benefit is the maximum of the following: - Contract value plus 40% of the Gain for Issue Ages 0-69 and 25% for Issue Ages 70-80 - Net considerations (Initial Premiums reduced dollar-for-dollar on withdrawals); - A GMDB equal to a Maximum Anniversary Value (MAV) calculated on the contract anniversary prior to the deceased's 81st birthday (additional premiums and withdrawals are treated on a dollar-for-dollar basis); GMDB frozen thereafter.

  • Spousal Continuances (as described in Schedule A) The REINSURER will reimburse the CEDING COMPANY for the SCNAR (for the Issue Ages defined in Paragraph A, above), realized upon death consistent with the manner in which the CEDING COMPANY waives the surrender charges when death benefit is paid out.

  • For policies issued by us and ceded to you on an automatic basis, you will accept automatically 40% of each risk up to a maximum of: For Guaranteed Issue: # Lives Issue Ages Maximum Face Amount Per Policy ------- ---------- ------------------------------ 10 - 20 18 - 65 $20,000 x Number of Lives 21 - 24 18 - 65 $25,000 x Number of Lives 25+ 18 - 65 The lesser of: * $30,000 x Number of Lives * $3,000,000 * 4 x Avg.