Overloan Protection Rider definition

Overloan Protection Rider. This rider is automatically added to the policy at issue. This rider protects a policy from lapsing due to overloan. Estate Tax Repeal Benefit Rider: This rider is automatically added to each policy at issue, and allows for policy surrender without the assessment of surrender charges, providing the following conditions are met: - There is no federal estate tax in effect during the year 2011, and - the surrender request is received during the month of January 2011. This rider will terminate at the sooner of: - the termination date of the policy, or - January 31, 2011. Single Life Excess Treaty -- Effective 11/01/2002 Between HLAIC and TLIC Amendment #15 -- Effective 10/1/2008 SCHEDULE A PLANS COVERED UNDER THIS AGREEMENT EFFECTIVE OCTOBER 1, 2008 Guaranteed Minimum Accumulation Benefit (GMAB) Rider: This rider provides that at the end of the GMAB Guarantee Period (usually 20 years), the policy account value will be increased, if necessary, to equal the sum of gross premiums paid to that date. There is a small monthly charge to the policyholder, and a minimum cumulative premium requirement to keep the rider in force. Paid-Up Life Insurance Rider: This rider is similar to GMAB rider with the same Guarantee Period, a monthly charge, and a cumulative premium requirement. This rider provides that at end of Guarantee Period, policyholder may elect to change coverage to paid-up life insurance using account value as a 5% Net Single Premium to determine amount of coverage; however, amount of coverage will never be lower than sum of gross premiums paid to that date. Once elected, premiums are no longer accepted. Single Life Excess Treaty -- Effective 11/01/2002 Between HLAIC and TLIC Amendment #15 -- Effective 10/1/2008 EXHIBIT III EFFECTIVE OCTOBER 1, 2008 Annual per 1000 Yearly Renewable Term reinsurance rates are attached. These rates are used for Automatic, Facultative Obligatory, and Facultative policies. PRODUCTS USING MULTI-CLASS RATE TABLES: Stag Protector Variable Universal Life [Redacted] Stag Accumulator Variable Universal Life [Redacted] Stag Universal Life [Redacted] Stag Whole Life [Redacted] Hartford Stag Wall Street Variable Universal Life [Redacted] Stag Universal Life Plus [Redacted] Stag Universal Life Cash Value [Redacted] Leaders VUL Legacy [Redacted] Leaders VUL Liberty [Redacted] Bicentennial UL Founders [Redacted] PRODUCTS USING UNI-CLASS RATE TABLES: LBSI UL [Redacted] Life Solutions I UL [Redacted] Life Solutions II UL [Redacted] 20 Year Ter...
Overloan Protection Rider. This rider is automatically added to the policy at issue. This rider protects a policy from lapsing due to overloan. Guaranteed Minimum Accumulation Benefit (GMAB) Rider: This rider provides that at the end of the GMAB Guarantee Period (usually 20 years), the policy account value will be increased, if necessary, to equal the sum of gross premiums paid to that date. There is a small monthly charge to the policyholder, and a minimum cumulative premium requirement to keep the rider in force. Paid-Up Life Insurance Rider: This rider is similar to GMAB rider with the same Guarantee Period, a monthly charge, and a cumulative premium requirement. This rider provides that at the end of the Guarantee Period, policyholder may elect to change coverage to paid-up life insurance using account value as a 5% Net Single Premium to determine amount of coverage; however, amount of coverage will never be lower than the sum of gross premiums paid to that date. Once elected, premiums are no longer accepted. Single Life Excess Treaty -- Effective 11/01/2002 Fac 12/01/2002 Auto Between HLAIC and TLIC Amendment #21 -- Effective 10/1/2008 6 FOREIGN TRAVEL EXCLUSION RIDER EXHIBIT IV UNDERWRITING GUIDELINES EFFECTIVE OCTOBER 1, 2008 UNDERWRITING GUIDELINES
Overloan Protection Rider. This rider is automatically added to the policy at issue. This rider protects a policy from lapsing due to overloan. Guaranteed Minimum Accumulation Benefit (GMAB) Rider: This rider provides that at the end of the GMAB Guarantee Period (usually 20 years), the policy account value will be increased, if necessary, to equal the sum of gross premiums paid to that date. There is a small monthly charge to the policyholder, and a minimum cumulative premium requirement to keep the rider in force.

Examples of Overloan Protection Rider in a sentence

  • Premium payments are not allowed for Contracts that are in force under the provisions of the Overloan Protection Rider.

  • When the Overloan Protection Rider is exercised, funds must be transferred out of the Variable Investment Options and into the Fixed Rate Option where they must remain.

  • Overloan Protection Rider: Protects a policy from terminating due to overloan.

  • Withdrawals are not allowed for Contracts that are in force under the provisions of the Overloan Protection Rider or are receiving Benefit Payments under the Chronic Illness Option of the BenefitAccess Rider.

  • Overloan Protection Rider Provides that your Policy will not lapse solely based on Debt exceeding the Surrender Value.

  • 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.

  • Generally, we will pay any withdrawal amount within seven days after all the documents required for such payment, are received in Good Order at a Service Office.Withdrawals are not allowed for Contracts that are in force under the provisions of the Overloan Protection Rider or are receiving Benefit Payments under the Chronic Illness Option of the BenefitAccess 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.

  • Consulting Agreement with Robert Anderson On September 5, 2018, Synthesis Energy Systems, Inc.

  • 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.


More Definitions of Overloan Protection Rider

Overloan Protection Rider. This rider is automatically added to the policy at issue. This rider protects a policy from lapsing due to overloan.

Related to Overloan Protection Rider

  • Cathodic protection means a technique designed to prevent the corrosion of a metal surface by making that surface the cathode of an electrochemical cell. For example, protection can be accomplished with an impressed current system or a galvanic anode system.

  • MFN Protection has the meaning set forth in Section 2.14(e)(iii).

  • Cathodic protection tester means a person who can demonstrate an understanding of the principles and measurements of all common types of cathodic protection systems as applied to buried or submerged metal piping and tank systems. At a minimum, such persons must have education and experience in soil resistivity, stray current, structure-to-soil potential, and component electrical isolation measurements of buried metal piping and tank systems.

  • Community protection zone means the area within eight

  • Electrical protection barrier means the part providing protection against any direct contact to the high voltage live parts.

  • Plant Protection Gas means the minimum volumes required to prevent physical harm to the plant facilities or danger to plant personnel when such protection cannot be afforded through the use of an alternate fuel. This includes the protection of such material in process as would otherwise be destroyed, but shall not include deliveries required to maintain plant production. A determination will be made by the Seller of minimum volumes required. Such essential volumes will be dispatched accordingly.

  • Landlord Access Agreement means a Landlord Access Agreement, substantially in the form of Exhibit G, or such other form as may reasonably be acceptable to the Administrative Agent.

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Fire Protection means all aspects of fire safety including but not limited to fire prevention, firefighting or Fire Suppression, pre-fire planning, fire investigation, public education and information, training or other staff development;

  • Flood Protection System means those physical structural works for which funds have been authorized, appropriated, and expended and which have been constructed specifically to modify flooding in order to reduce the extent of the area within a community subject to a "special flood hazard" and the extent of the depths of associated flooding. Such a system typically includes hurricane tidal barriers, dams, reservoirs, levees or dikes. These specialized flood modifying works are those constructed in conformance with sound engineering standards.

  • Electrical contractor means an electrical contractor as defined in the Regulations;

  • Building Contractor means the building contractor or developer appointed or to be appointed by the Grant Recipient in respect of a Firm Scheme; Business Day means any day other than a Saturday, Sunday or a statutory Bank Holiday in England;

  • Wellhead protection area means the surface and subsurface area surrounding a water well or well field that supplies a public water system through which contaminants are reasonably likely to migrate toward the water well or well field.

  • Fire protection system means any device or system designed and installed to:

  • Regulatory Flood Protection Elevation means the “Base Flood Elevation” plus the “Freeboard”. In “Special Flood Hazard Areas” where Base Flood Elevations (BFEs) have been determined, this elevation shall be the BFE plus two (2) feet of freeboard. In “Special Flood Hazard Areas” where no BFE has been established, this elevation shall be at least two (2) feet above the highest adjacent grade.

  • Building Contract means a contract entered into between the Grant Recipient and a Building Contractor relating to the construction, repair, refurbishment, conversion, development and/or Rehabilitation (as applicable) of a Firm Scheme; Building Contractor means any building contractor or developer appointed or to be appointed by the Grant Recipient in respect of a Firm Scheme; Business Day means any day other than a Saturday, Sunday or a statutory Bank Holiday in England;

  • Drainage system means one or more artificial ditches, tile drains or similar devices which collect surface runoff or groundwater and convey it to a point of discharge.

  • Adult protective services means services provided by the local department that are necessary to

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Disaster Management Act means the Disaster Management Act, 2002 (Act No.57 of 2002)

  • Interest Protection Agreement of any Person means any interest rate swap agreement, interest rate collar agreement, option or futures contract or other similar agreement or arrangement designed to protect such Person or any of its Subsidiaries against fluctuations in interest rates with respect to Indebtedness.

  • Sewage sludge weight means the weight of sewage sludge, in dry U.S. tons, including admixtures such as liming materials or bulking agents. Monitoring frequencies for sewage sludge parameters are based on the reported sludge weight generated in a calendar year (use the most recent calendar year data when the NPDES permit is up for renewal).

  • Personal protective equipment means all equipment worn to minimize exposure to hazards, including gloves, masks, face shields, foot and eye protection, protective hearing devices, respirators, hard hats, and disposable gowns and aprons.

  • Restricted use pesticide means any pesticide or device which, when used as directed or in accordance with a widespread and commonly recognized practice, the director determines, subsequent to a hearing, requires additional restrictions for that use to prevent unreasonable adverse effects on the environment including people, lands, beneficial insects, animals, crops, and wildlife, other than pests.

  • Guaranteed asset protection waiver means that term as defined in section 3 of the guaranteed asset protection waiver act.

  • Home improvement contract means an oral or written