Life Cover definition

Life Cover means, the coverage granted by us for payment of the Death Benefit referred to in the Section 4 of this Schedule, in the event of death of the Insured Member while the Master Policy is in force;
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Life Cover means, the insurance coverage effected by the Company on the life of the Life Insured during the Policy Term.
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Life Cover means, the insurance coverage effected by the Company on the life of the Life Insured during the Policy Term. Unless specifically mentioned, this also means cover, coverage or basic cover
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Examples of Life Cover in a sentence

  • Life Cover Life Cover can provide financial security for your loved ones when you no longer can.

  • Insurance [X] We will advise and provide you with a personal recommendation after we have assessed your needs for non-investment insurance products including Life Cover, Critical Illness Cover, Income Protection Insurance, Accident, Sickness and Unemployment Cover, Business Protection Insurance and Family Income Benefit.

  • For all covers except Life Cover, we will restrict claims to certain parts of the world.

  • Insurance [X] We offer products from a range of insurers for non-investment insurance products including Life Cover, Critical Illness Cover, Income Protection Insurance, Accident, Sickness and Unemployment Cover (ASU), Family Income Benefit, Buildings Insurance and Contents Insurance.

  • Life Cover relieves you of the inheritance tax liability for the first two years of your investment.

  • If the Life Insured meets this definition, a lump sum equal to the Sum Insured will be paid to the Trustee under the Superannuation Life Cover Plan.

  • If an Investor withdraws some or all of their Subscription before the second anniversary of the Investment Date, the Life Cover policy will not apply in respect of any sum withdrawn.

  • The Life Cover policy only covers Investors up to (but not including) their 85th birthday on the Investment Date.

  • B1 Life CoverThis applies to you if Life Cover is shown on your cover summary.

  • The payment of the proceeds of the Life Cover policy may be liable to IHT if they exceed an available nil rate band (currently £325,000, and independent from the personal nil rate band).


More Definitions of Life Cover

Life Cover means the cover provided against the risk of death to the Member/s under this Policy and shall be deemed to commence on the Entry Date Date of Commencement of Risk of the respective Member/s.
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Related to Life Cover

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • Life Assured means the person named as the Life Assured in the Schedule whose life is assured under this Policy.

  • 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.