Qualifying Medical Stay definition
Examples of Qualifying Medical Stay in a sentence
If the Insured's spouse had a Qualifying Medical Stay within 45 days prior to the Contract Date, a waiver of the Withdrawal Charge will not be considered for the Insured's spouse, until the later of: - 6 months from the date of the last Qualifying Medical Stay; or - the first contract anniversary.
To qualify for this waiver: - the Insured must have a Qualifying Medical Stay which begins after the first contract year and lasts at least 45 days during any continuous 60 day period; or - the Insured's spouse must have a Qualifying Medical Stay which begins after the first contract year and lasts at least 45 days during any continuous 60 day period; and - You must mail Your Written Request for this waiver, together with proof, satisfactory to Us, of the stay, within 180 days of initial eligibility.
We will also waive the Withdrawal Charge in the event of a Qualifying Medical Stay.