MONTHLY ANNIVERSARY DAY definition

MONTHLY ANNIVERSARY DAY. The Monthly Anniversary Day is the same day as the Policy Date for each succeeding month.

MONTHLY ANNIVERSARY DAY means the first day of each policy month. But, if that day is not a Valuation Date for all sub-accounts, the Monthly Anniversary Day will be deemed to be the next following Valuation Date.

MONTHLY ANNIVERSARY DAY. The same day in each succeeding month as the day of the month corresponding to the Issue Date. Monthly Cost of Insurance: A deduction made on a monthly basis for the insurance coverage provided by this Policy. See Section 8. Monthly Expense Charge: A per Policy deduction, made on a monthly basis, for administration and other expenses. See Section 1.

Examples of MONTHLY ANNIVERSARY DAY in a sentence

• GRACE PERIOD IF, ON A MONTHLY ANNIVERSARY DAY PRIOR TO THE NO LAPSE PREMIUM DATE: 1.

• NO-LAPSE PERIOD IF, ON A MONTHLY ANNIVERSARY DAY PRIOR TO THE NO LAPSE PREMIUM DATE, THE SUM OF ALL PREMIUMS PAID ON THIS POLICY, REDUCED BY ANY PARTIAL WITHDRAWALS AND ANY OUTSTANDING LOAN BALANCE, IS GREATER THAN OR EQUAL TO THE SUM OF THE NO LAPSE MONTHLY PREMIUMS FOR THE ELAPSED MONTHS SINCE THE ISSUE DATE, THIS POLICY WILL NOT LAPSE AS A RESULT OF A CASH VALUE LESS ANY LOANS, LOAN INTEREST DUE, AND ANY SURRENDER CHARGE BEING INSUFFICIENT TO PAY THE MONTHLY DEDUCTION.

• Many properties were torched and destroyed or badly damaged (450 in Kurunegala District alone, according to local contacts).

• The Academy supports the inclusion of external peer review at the EOI stage.

• MONTHLY ANNIVERSARY DAY The day of the month shown in the Policy Specifications when we deduct the Monthly Deduction, or the next Valuation Day if the Monthly Anniversary Day is not a Valuation Day or is nonexistent for that month.

More Definitions of MONTHLY ANNIVERSARY DAY

MONTHLY ANNIVERSARY DAY. The same day of the month as the Policy Effective Date. The Monthly Anniversary Day is shown on the Policy Schedule.

MONTHLY ANNIVERSARY DAY. The same day in each succeeding month as the day of the month corresponding to the policy date shown in Section 1.

MONTHLY ANNIVERSARY DAY. The same day in each succeeding month as the day of the month corresponding to the Policy Date shown in Section 1.

MONTHLY ANNIVERSARY DAY is the day of the month when we make the Monthly Deduction. This day is the same day of the month as the Issue Date or the next Valuation Day if the day that the policy was issued is not a Valuation Day or is nonexistent for that month.

MONTHLY ANNIVERSARY DAY. The same day in each succeeding month as the day of the month corresponding to the Policy Date shown in Section 1. Monthly Cost of Insurance: An amount deducted from the Account Value on a monthly basis for the insurance coverage provided by the Policy, as specified in Section 9. SVUL-2001 Page 5 Monthly Deductions: The total of the Monthly Cost of Insurance , Monthly Mortality and Expense Risk Charge, and Monthly Expense charge. Monthly Expense Charge: An amount deducted from the Account Value on a monthly basis for administrative and other expenses shown in Section 1. Monthly Mortality and Expense Risk Charge: The amount deducted from the Account Value in the Sub-Accounts for the Mortality and Expense Risk Charge, with the rate as specified in Section 1. Net Premium: A Premium less the Expense Charge Applied to Premium.

MONTHLY ANNIVERSARY DAY. The Monthly Anniversary Day is the same day as the Policy Date for each succeeding month. In any policy month, where such day does not exist (e.g. 29th, 30th, and 31st), we will consider the last day of the calendar month as the Monthly Anniversary Day.

MONTHLY ANNIVERSARY DAY. The same day of the month as the Policy Effective Date. The Monthly Anniversary Day is shown on the Policy Schedule. Net Asset Value Per Share: The value per share of any Fund as computed on any Valuation Day as described in the Fund Prospectus.