Monthly Anniversary definition
Monthly Anniversary means the date in every month corresponding with the Date of Commencement of Risk;
Monthly Anniversary means the date in every month corresponding with the Effective Date and if such corresponding date does not exist in a particular month, then the last day of that month;
Monthly Anniversary means the date in every month corresponding with the Policy Commencement Date.
Examples of Monthly Anniversary in a sentence
The contract will lapse if the Cash Surrender Value on a Monthly Anniversary Day will not cover the Monthly Deduction for the month beginning on that Monthly Anniversary Day.
Any decrease will be effective on the Monthly Anniversary Day on or next following our receipt of your request unless you request a different date.
The Cost of Insurance is determined on the Contract Date and on each Monthly Anniversary.
The number of units in any Subaccount will also be reduced on each Monthly Anniversary Day by a pro-rata share of the Monthly Deduction.
The one-month period beginning on the Issue Date or any Contract Monthly Anniversary.
More Definitions of Monthly Anniversary
Monthly Anniversary means the date in every month corresponding most closely with the Effective Date.
Monthly Anniversary means the same day of the month as the policy date for each succeeding month that this policy remains in effect.
Monthly Anniversary. The same date of each calendar month as the Issue Date, or the last date of a calendar month, if earlier.
Monthly Anniversary means the same date of each succeeding month as the Effective Date of the policy.
Monthly Anniversary means the monthly anniversary from the date of the Patient’s first appointment.
Monthly Anniversary is the same day each month as the Rider Issue Date following the Rider Issue Date. If the day does not exist in a month, the last day of the month will be used. If the day is a non- business day, the next business day will be used.
Monthly Anniversary. Occurs on the same numerical day of the month as the Policy Date shown on the Policy Schedule in each subsequent Policy Month this Policy remains in force. Owner: The person, persons or entity named on the Policy Schedule as the Owner. The Owner is entitled to all the rights under this Policy while the Insured is living.