Second Life Assured definition

Second Life Assured means the person named as Second Life Assured in the Schedule in case of a Joint Life Policy whose life is also assured under this Policy.
Second Life Assured means the person named as the Second Life Assured in the Schedule whose life is assured under this Policy, and who is the spouse of the First Life Assured.
Second Life Assured means the person named as Second Life Assured in the Schedule in case of a Joint Life Policy whose life is also assured under this Policy. cc. “Single Life Policy” means this policy if it is issued to provide life cover to only single life i.e., the Life Assured.

Examples of Second Life Assured in a sentence

  • If the Life Assured and the Second Life Assured both die at the same time, then, the Sum Assured in respect of each life assured will be payable to the Nominee.

  • Once this chosen term period of the cover is complete, the Second Life Assured cannot be covered once again under the Policy.

  • The Company may at its sole and absolute discretion refuse to add the Second Life Assured.

  • The term period of the cover chosen for the Second Life Assured can be any term offered by the Company under the plan for a new policy, subject to a maximum of the outstanding Policy Term under the Policy.

  • On receipt of intimation of death of the Life Assured or Second Life Assured, in case of joint life policy at the Company’s office.

  • If the lives annul their marriage or apply for annulment during the Policy Term, the Company needs to be informed of the same (giving sufficient proof) by the first life assured; and the Second Life Assured excluded from the Policy.

  • If the Company is not informed of the annulment or application for annulment of marriage then, o On receipt of information of the same, the total amount of Regular Premiums paid in respect of the Second Life Assured from the date of such annulment to the next due date of the Regular Premium will refunded to the Policyholder.

  • On the date of first death out of the Life Assured or the Second Life Assured in a Policy, the risk cover for the respective Life Assured will terminate.

  • On death of the Second Life Assured, the Death Benefit equal to Sum Assured on Death with respect to the Second Life Assured will be paid.

  • If the Second Life Assured has not pre-deceased the First Life Assured: {1} The Death Benefit on the Second Life Assured will be continued for Sum Assured on Death with respect to the Second Life Assured, subject to the receipt of the due Premiums with respect to the Second Life Assured which would be recalculated on the individual life basis.

Related to Second Life Assured

  • Life Assured means the person named as the Life Assured in the Schedule whose life is assured under this Policy.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Insurance premium finance company means a person engaged in the business of

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Domestic limited liability company means an entity that is an unincorporated association having one or more members and that is organized under ORS chapter 63.

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Preschool age child means a child age three through five not yet attending kindergarten. If a child is older than age five and not attending kindergarten or a higher grade, OCCL considers that child in the preschool-age group.

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Preschool child means a child who is three years old or older but is not a school child.

  • Single member limited liability company means a limited liability company that has one direct member.

  • Sponsored captive insurance company means a captive insurance company:

  • ESBD means the Electronic State Business Daily, the electronic marketplace where State of Texas bid opportunities over $25,000 are posted. The ESBD may currently be accessed at http://www.txsmartbuy.com/sp.

  • Professional limited liability company means a limited

  • Finance Company means any Finance Company or other lender with whom You have agreed a Loan or credit agreement through the Supplying Outlet.

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • Spouse means, an individual who,