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 TOLIC Amendment #14 -- Effective 05/1/2008 5 EXHIBIT III EFFECTIVE MAY 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] PRODUCTS USING UNI-CLASS RATE TABLES: LBSI UL [Redacted] Life Solutions I UL [Redacted] Life Solutions II UL [Redacted] 20 Year Term [Redacted] ART (CW) [Redacted] 5 & 10 Year Term (NY) [Redacted] SPVL [Redacted] One Year Term [Redacted] Single Life Excess Treaty -- Effective 11/01/2002 Between HLAIC and TOLIC Amendment #14 -- Effective 05/1/2008 SINGLE LIFE 2002 MULTICLASS ANNUAL YRT PER 1000 REINSURANCE RATES [Redacted] Monthly Per 1000 Waiver of Specified Amount Male Female Unisex [Redacted] AMENDMENT 15 EFFECTIVE OCTOBER 1, 2008 TO THE AUTOMATIC AND FACULTATIVE YEARLY RENEWABLE TERM REINSURANCE AGREEMENT EFFECTIVE NOVEMBER 1, 2002 FOR FACULTATIVE BUSINESS EFFECTIVE DECEMBER 1, 2002 FOR AUTOMATIC BUSINESS ("AGREEMENT") BETWEEN HARTFORD LIFE AND ANNUITY INSURANCE COMPANY ("CEDING COMPANY") AND TRANSAMERICA LIFE INSURANCE COMPANY ("REINSURER")
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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 Between HLAIC and TLIC Amendment #19 -- Effective 10/1/2008 AMENDMENT 20 EFFECTIVE JUNE 1, 2005 TO THE AUTOMATIC AND FACULTATIVE YEARLY RENEWABLE TERM REINSURANCE AGREEMENT EFFECTIVE NOVEMBER 1, 2002, FOR FACULTATIVE BUSINESS EFFECTIVE DECEMBER 1, 2002, FOR AUTOMATIC BUSINESS ("AGREEMENT") BETWEEN HARTFORD LIFE AND ANNUITY INSURANCE COMPANY ("CEDING COMPANY") AND TRANSAMERICA LIFE INSURANCE COMPANY (FORMERLY TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY) ("REINSURER")
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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.
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Examples of Overloan Protection Rider in a sentence

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

  • 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.

  • 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.

  • If applicable, the date any Overloan Protection Rider to the Certificate is exercised.

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

  • Overloan Protection Rider – MassMutual charges a one-time fee to exercise the rider.

  • The Insured’s Age at exercise must be within the range of ages shown in the Overloan Protection Rider section of the Policy Specifications.

  • 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.

Related to Overloan Protection Rider

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  • Building Code means the regulations made under Section 34 of the Act.

  • 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.

  • 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.

  • 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.

  • 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.

  • waste disposal facility means an individual or entity that has been issued a medical marijuana waste disposal facility license by the Department to dispose of medical marijuana waste as authorized in Oklahoma law and these Rules.