MINIMUM SPECIFIED AMOUNT definition

MINIMUM SPECIFIED AMOUNT. The Minimum Specified Amount is shown on the Policy Data Page. Changes to the policy which result in a Specified Amount below the Minimum Specified Amount will not be processed. Refer to Specified Amount Decreases and Partial Surrender Provisions for details.
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MINIMUM SPECIFIED AMOUNT shall have the meaning specified in Section 14.02(a)(iii).
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MINIMUM SPECIFIED AMOUNT shall have the meaning specified in ‎Section 14.02(a)(vi).
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Examples of MINIMUM SPECIFIED AMOUNT in a sentence

  • BENEFICIARY INSURED As stated in the application or in the ▇▇▇▇ ▇▇▇ OWNER INITIAL The insured SPECIFIED AMOUNT $100,000 ISSUE AGE CONTRACT DATE 35 Sept 01, 2000 SEX MATURITY DATE* Male Sept 01, 2065 MINIMUM SPECIFIED AMOUNT $100,000 GUARANTEED MONTHLY PREMIUM DURING GUARANTEED PAYMENT PERIOD $XX.XX** GUARANTEED PAYMENT PERIOD AGENCY First five years following the contract date.


More Definitions of MINIMUM SPECIFIED AMOUNT

MINIMUM SPECIFIED AMOUNT has the meaning specified in Section 7.03(b).
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