Maturity Age definition

Maturity Age means the age of maturity or age of endowment set forth in the terms of a life insurance policy. If a life insurance policy does not specify an age of maturity or age of endowment, Maturity Age shall mean the limiting age under the life insurance policy. The limiting age of a life insurance policy is the terminal age of the mortality table specified in the policy for calculating reserves and/or non-forfeiture values, or, if the policy does not reference a mortality table for policy reserves and/or non-forfeiture values, then the limiting age is the terminal age of the mortality table used in calculating the cost of insurance for the policy.
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Maturity Age means the age of maturity or age of endowment set forth in the terms of a Policy. If a Policy does not specify an age of maturity or age of endowment, Maturity Age shall mean the limiting age under the Policy. The limiting age of the Policy is the terminal age of the mortality table specified in the Policy for calculating reserves and/or non-forfeiture values, or, if the Policy does not reference a mortality table for Policy reserves and/or non-forfeiture values, then the limiting age is the terminal age of the mortality table used in calculating the cost of insurance for the Policy.
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Maturity Age means the age attained in the year in which the payment of retirement income provided for by the plan, If having not commenced earlier, must commence, as prescribed under the Income Tax Act.
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Examples of Maturity Age in a sentence

  • The Company shall further provide notice to Auditor if it has determined that the Maturity Age or Maturity Date is different than the Maturity Age or Maturity Date provided by Auditor if the Company contends such difference affects Proceeds under the policy or Annuity Contract.

  • Notwithstanding the above, charges incurred before the Maturity Age but posted after the Maturity Age shall not be reversed.

  • Interest shall be added to Proceeds due to the Signatory States from the later of the Maturity Age or January 1, 1995, at the interest rate of three (3) percent compounded annually.

  • The Death Benefit after the Maximum Maturity Age and before the Annuity Date is the Net Certificate Value.

  • The Death Benefit after Maximum Maturity Age and before the Annuity Date is the Net Certificate Value.

  • Gross Credit Original Term to Term to Loan to Maturity Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age ------------------------------------------------------------------------------------------------------------------------------------ 176 - 180 3 $188,131.10 0.38% 38.52% 9.75% 572 76.20% 180 178 2 356 - 360 302 49,630,904.98 99.62 43.46 7.

  • Gross Credit Original Term to Term to Loan to Maturity Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age ------------------------------------------------------------------------------------------------------------------------------------ 180 3 $188,131.10 0.38% 38.52% 9.75% 572 76.20% 180 178 2 360 302 49,630,904.98 99.62 43.46 7.

  • It may not be later than the maximum maturity date, which is the later of (a) the first Monthly Anniversary following the younger Annuitant reaching the Maturity Age shown in Section 1, or (b) the 10th Contract Anniversary.

  • If the youngest Owner has reached the Annuity Commencement Date as of the date of the Annuitant’s death, then the Owner must name an individual that has not reached the Maturity Age as an Annuitant.

  • Separate UPRs shall be issued for: (i) Proceeds payable under life insurance policies upon an event of death or upon reaching the policy Maturity Age (the “Life Insurance Reports”); (ii) Proceeds payable under group life certificates upon an event of death or upon reaching Maturity Age (the “Group Life Insurance Reports); and (iii) Proceeds payable under Annuity Contracts upon an event of death or upon reaching the Maturity Date (the “Annuity Reports”).