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 one-month period beginning on the Issue Date or any Contract Monthly Anniversary.
On each Contract Monthly Anniversary, transfers to or from the GMWB Fixed Account will be determined based on the formulas defined below.
A Monthly Deduction is made on each Monthly Anniversary Day from the Net Accumulation Value.
Rather, if on a Monthly Anniversary, the Net Cash Surrender Value is less than the monthly deduction charge for the next Policy month, the Policy will continue for a Grace Period of 61 days after that Monthly Anniversary.
The effective date of the decrease will be the Monthly Anniversary Day that coincides with or next follows the receipt of the request provided the requirements above and any regulatory requirements are met.
More Definitions of Monthly Anniversary
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 means the date in every month corresponding most closely with the Effective Date.
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 means the same day of each subsequent month as the Policy Date.
Monthly Anniversary. Day The day of each month when we make the monthly deductions for this contract. It is the same day of each month as the contract date or the last day of the month for those months not having such a day.