Modified Surrender Value Rider definition

Modified Surrender Value Rider. Changes the Cash Surrender Value definition (to equal the Account Value) if the policy is surrendered within 3 years after the policy issue date. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and Swiss Re Amendment 1 -- Effective March 5, 2010 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE MARCH 15, 2010 Cash Surrender Value Endorsement: Provides for enhanced Cash Surrender Value (equal to the current Account Value) in the event of policy surrender in the first 4 policy years, unless the policy is exchanged under Section 1035 to another company's policy. Automatic Premium Payment Rider: Provides for any Scheduled Premium due and unpaid by the end of any Policy Grace Period to be paid by an automatic deduction from the Account Value, if the Account Value exceeds the Guaranteed Cash Value.
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Modified Surrender Value Rider. Changes the Cash Surrender Value definition (to equal the Account Value) if the policy is surrendered within 3 years after the policy issue date.
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Examples of Modified Surrender Value Rider in a sentence

  • Modified Surrender Value Rider: Changes the Cash Surrender Value definition (to equal the Account Value) if the policy is surrendered within 3 years after the policy issue date.

  • Conversion Option Rider Overloan Protection Rider Waiver of Specified Amount (WSA) Rider Waiver of Monthly Deductions (WMD) Rider Children's Life Insurance Rider Foreign Travel Exclusion Rider Estate Tax Repeal Benefit Rider Modified Surrender Value Rider Cash Surrender Value Endorsement Automatic Premium Payment Rider Additional Premium Rider Qualified Plan Rider ------------ * NAR Type is described in Schedule B.

  • Paid-Up Life Insurance Rider Conversion Option Rider Overloan Protection Rider Waiver of Specified Amount (WSA) Rider Waiver of Monthly Deductions (WMD) Rider Children's Life Insurance Rider Foreign Travel Exclusion Rider Estate Tax Repeal Benefit Rider Modified Surrender Value Rider Cash Surrender Value Endorsement Automatic Premium Payment Rider Additional Premium Rider Qualified Plan Rider ------------ * NAR Type is described in Schedule B.

  • Benefit (GMAB) Rider Paid-Up Life Insurance Rider Conversion Option Rider Overloan Protection Rider Waiver of Specified Amount (WSA) Rider Waiver of Monthly Deductions (WMD) Rider Children's Life Insurance Rider Foreign Travel Exclusion Rider Estate Tax Repeal Benefit Rider Modified Surrender Value Rider Cash Surrender Value Endorsement Automatic Premium Payment Rider Additional Premium Rider Qualified Plan Rider ------------ * NAR Type is described in Schedule B.

  • Benefit (GMAB) Rider Paid-Up Life Insurance Rider Conversion Option Rider Overloan Protection Rider Waiver of Specified Amount (WSA) Rider Waiver of Monthly Deductions (WMD) Rider Children's Life Insurance Rider Foreign Travel Exclusion Rider Estate Tax Repeal Benefit Rider Modified Surrender Value Rider ------------ * NAR Type is described in Schedule B.

  • Paid-Up Life Insurance Rider Conversion Option Rider Overloan Protection Rider Waiver of Specified Amount (WSA) Rider Waiver of Monthly Deductions (WMD) Rider Children's Life Insurance Rider Foreign Travel Exclusion Rider Estate Tax Repeal Benefit Rider Modified Surrender Value Rider Cash Surrender Value Endorsement Automatic Premium Payment Rider Additional Premium Rider * NAR Type is described in Schedule Qualified Plan Rider B.

Related to Modified Surrender Value Rider

  • Cash Surrender Value means the net cash surrender value plus any amounts outstanding as policy loans.

  • Surrender Value means an amount, if any, that becomes payable in case of Surrender of the Policy in accordance with the terms and conditions of the Policy.

  • Automatic Renewal Terms with TIPS Members Vendor agrees that no TIPS Sale may incorporate an "Automatic Renewal" clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing a Supplemental Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an "Automatic Renewal" clause that conflicts with these terms is rendered void and unenforceable. If Vendor disagrees, after this solicitation legally closes and TIPS begins evaluating Vendor's file, TIPS will provide Vendor with a draft Word Document version of the Vendor Agreement and will be instructed to include all requested negotiations as redline edits for TIPS consideration. Does Vendor agree? Yes, Vendor agrees Certification Regarding "Indemnity" Terms with TIPS Members Texas and other jurisdictions restrict the ability of governmental entities to indemnify others. Vendor agrees that if any "Indemnity" provision which requires the TIPS Member to indemnify Vendor is included in any sales agreement/contract between Vendor and a TIPS Member, that clause must either be stricken or qualified by including that such indemnity is only permitted, "to the extent permitted by the laws and constitution of [TIPS Member's State]" unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing an "Indemnity" clause that conflicts with these terms is rendered void and unenforceable. If Vendor disagrees, after this solicitation legally closes and TIPS begins evaluating Vendor's file, TIPS will provide Vendor with a draft Word Document version of the Vendor Agreement and will be instructed to include all requested negotiations as redline edits for TIPS consideration. Does Vendor agree? Yes, Vendor agrees Certification Regarding "Arbitration" Terms with TIPS Members Vendor agrees that if any "Arbitration" provision is included in any TIPS Sale agreement/contract between Vendor and a TIPS Member, that clause may not require that the arbitration is mandatory or binding. Vendor agrees that if any "Arbitration" provision is included in any TIPS Sale agreement/contract between Vendor and a TIPS Member, that clause provides for only voluntary and non-binding arbitration unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing a “Arbitration” clause that conflicts with these terms is rendered void and unenforceable. If Vendor disagrees, after this solicitation legally closes and TIPS begins evaluating Vendor's file, TIPS will provide Vendor with a draft Word Document version of the Vendor Agreement and will be instructed to include all requested negotiations as redline edits for TIPS consideration. Does Vendor agree? Yes, Vendor agrees

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Original Lease shall have the meaning given such term in the recitals to this Agreement.

  • Premises Total Destruction means damage or destruction to the Premises, other than Lessee Owned Alterations and Utility Installations and Trade Fixtures, which cannot reasonably be repaired in six (6) months or less from the date of the damage or destruction. Lessor shall notify Lessee in writing within thirty (30) days from the date of the damage or destruction as to whether or not the damage is Partial or Total.

  • Class C Par Value Ratio means, as of any Measurement Date on and after the Effective Date, the ratio (expressed as a percentage) obtained by dividing (a) the amount equal to the Adjusted Collateral Principal Amount by (b) the sum of the Principal Amount Outstanding of each of the Class A Notes, the Class B Notes and the Class C Notes.

  • Early Opt-in Election means the occurrence of:

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Partially Adjusted Capital Account means, with respect to any Member for any Fiscal Year, the Capital Account balance of such Member at the beginning of such period, adjusted as set forth in the definition of Capital Account for all contributions and distributions during such period and all special allocations pursuant to Section 7.3 with respect to such period but before giving effect to any allocation with respect to such period pursuant to Section 7.2.

  • SAR Value means the excess of the Fair Market Value (on the exercise date) over the exercise price that the participant would have otherwise had to pay to exercise the related Stock Option, multiplied by the number of shares for which the Stock Appreciation Right is exercised.

  • Building Drain means that part of the lowest horizontal piping of a drainage system which receives the discharge from soil, waste, and other drainage pipes inside the walls of the building and conveys it to the building sewer, beginning five (5) feet (1.5 meters) outside the inner face of the building wall.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Modified Asset Any Serviced Loan as to which any Servicing Transfer Event has occurred and which has been modified by the Special Servicer pursuant to Section 3.24 of this Agreement in a manner that:

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.