Simplified Issue definition

Simplified Issue means that no medical exam or blood samples are required. You simply answer a few yes/no questions about your medical history, which are reviewed in our underwriting process. And you don’t have to wait long for coverage — policies are typically issued for qualified applicants within 1–2 days. It’s a surprisingly simple, convenient way to get the life insurance protection your family may need.
Simplified Issue means that no medical exam or blood samples are required. You simply answer a few yes/ no questions about your medical history, which are reviewed in our underwriting process. And you don’t have to wait long for coverage — policies are typically issued for qualified applicants within 1–2 days. It’s
Simplified Issue. [REDACTED]

Examples of Simplified Issue in a sentence

  • Guaranteed Issue and Simplified Issue Business: The Reinsurer will automatically accept of each Policy, not to exceed the limits specified below on a per life basis.

  • Has the Proposed Insured applied for any life insurance or annuity in the last ninety (90) days?(If YES, please list the policy or contract below.) Yes No Yes NoYesNoYesNoName of Proposed InsuredCompanyPolicy #AmountIssue DatePlan Type SECTION 8 – Simplified Issue Questions Proposed Insured1.

  • For fully underwritten business and for Simplified Issue and Guaranteed Issue cases where a facultative offer is not made by the pool, THE COMPANY may request a facultative offer from THE REINSURER.

  • The Iraqi Federal Government’s argument is more self-serving than based on any legal authority.

  • Simplified Issue programs have been consolidated/simplified, and Xpress Pluscan be used in situations where the group does not meet the eligibility requirements for the Simplified Issue program.Q: Is this Guaranteed Issue Life Insurance?A: No. Xpress and Xpress Plus require underwriting to maintain competitive premiums.

  • Facultative Binder Coverage (conditional receipt) for regular issue, Guaranteed Issue (GI) and Simplified Issue (SI): If the reinsurer has facultatively accepted a case where premium is accepted and lives meet the “actively at work” requirement but the case has not been issued, the reinsurer will provide coverage.

  • For Simplified Issue and Guaranteed Issue cases where the terms for automatic reinsurance are not met, but where the case falls within the lead reinsurer limits described below, THE COMPANY may submit these cases to THE REINSURER.

  • Termination of this license shall also terminate previously granted rights of Customers authorized by this Agreement who have licensed Your Product under periodic license payments.

  • The Company will not issue a Focus Policy if the insured is over age 85 nor will the Company issue an Exec Policy if the insured is over age 80 for a Fully Underwritten Policy, or age 70 for a Simplified Issue (SI) or Guaranteed Issue (GI) Policy.

  • Automatic Binding Limits Therefore, the maximum face amounts per life that may be automatically ceded to the REINSURER are: >> Initial: 26.67% * Maximum Initial Face Amount >> Ultimate: 26.67% * Maximum Ultimate Face Amount Stacking Limits The amounts of Simplified Issue and Guaranteed issue in force and applied for across any and all companies on a single life cannot exceed the lesser of three times the automatic issue limit or $10 million.

Related to Simplified Issue

  • Simplified and/or aggregate billing arrangement means a billing arrangement providing additional medical gap benefits.

  • Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small pur- chase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisi- tion threshold. The simplified acquisition threshold for procurement activities administered under federal awards is set by the FAR at 48 C.F.R. Part 2, Subpart 2.1 [see below]. The district is responsi- ble for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its docu- mented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR

  • IESO-Controlled Grid means the transmission systems with respect to which, pursuant to agreements, the IESO has authority to direct operation;

  • Participating Certified Nurse-Midwife means a Certified Nurse-Midwife who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Contactless Transaction means a Transaction that is authorised by you touching or holding your Card or linked device against or near a POS Terminal without the need to insert your Card.

  • Qualified incubator facility means a commercial building

  • Multiple employer welfare arrangement means a multiple employer welfare arrangement

  • CAISO Controlled Grid has the meaning set forth in the CAISO Tariff.

  • the Scottish Infected Blood Support Scheme means the scheme of that name administered by the Common Services Agency (constituted under section 10 of the National Health Service (Scotland) Act 1978(b));

  • Qualified Census Tract means any Census tract which is designated by the Secretary of Housing and Urban Development as having 50 percent or more of the households at an income level which is less than 60 percent of the Area Gross Median Income in accordance with Section 42(d)(5) of the Code.

  • Local Exchange Routing Guide (LERG means the iconectiv Reference document used by Telecommunications Carriers to identify NPA-NXX routing and homing information as well as Network element and equipment designations.

  • Available Transfer Capability or “ATC” shall mean a measure of the transfer capability remaining in the physical transmission network for further commercial activity over and above already committed uses.

  • Disciplinary sanction means any action listed in s. UWS 14.04 taken in response to student academic misconduct.

  • Prohibited Transaction Class Exemption means U.S. Department of Labor prohibited transaction class exemption 84-14, 90-1, 91-38, 95-60 or 96-23, or any similar prohibited transaction class exemption issued by the U.S. Department of Labor.

  • Regulatory Capital Event means the good faith determination by the Company that, as a result of (i) any amendment to, clarification of, or change in, the laws or regulations of the United States or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of any share of the Series A Preferred Stock, (ii) any proposed change in those laws or regulations that is announced or becomes effective after the initial issuance of any share of the Series A Preferred Stock, or (iii) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws or regulations or policies with respect thereto that is announced after the initial issuance of any share of the Series A Preferred Stock, there is more than an insubstantial risk that the Company will not be entitled to treat the full liquidation preference amount of $25,000 per share of the Series A Preferred Stock then outstanding as “tier 1 capital” (or its equivalent) for purposes of the capital adequacy guidelines of the Federal Reserve (or, as and if applicable, the capital adequacy guidelines or regulations of any successor Appropriate Federal Banking Agency) as then in effect and applicable, for so long as any share of the Series A Preferred Stock is outstanding.

  • Non-Participating Certified Nurse-Midwife means a Certified Nurse-Midwife who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Established catalogue price means the price included in a catalogue, price list, schedule, or other form that:

  • Designated domestic violence agency means a county-wide organization with a primary purpose to provide services to victims of domestic violence, and which provides services that conform to the core domestic violence services profile as defined by the Division of Child Protection and Permanency in the Department of Children and Families and is under contract with the division for the express purpose of providing the services.

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Credit Available for Virtual Transactions means the Market Participant’s Working Credit Limit for Virtual Transactions calculated on its credit provided in compliance with its Peak Market Activity requirement plus available credit submitted above that amount, less any unpaid billed and unbilled amounts owed to PJMSettlement, plus any unpaid unbilled amounts owed by PJMSettlement to the Market Participant, less any applicable credit required for Minimum Participation Requirements, FTRs, RPM activity, or other credit requirement determinants as defined in Tariff, Attachment Q.

  • Certified nurse midwife means an advanced practice registered nurse who is certified in the

  • Relevant Potential Change of Control Announcement means any public announcement or statement by the Issuer, any actual or potential bidder or any adviser acting on behalf of any actual or potential bidder relating to any potential Change of Control where within 180 days following the date of such announcement or statement, a Change of Control occurs.

  • Local Exchange Routing Guide (LERG) is a Telcordia Reference document used by Telecommunications Carriers to identify NPA-NXX routing and homing information as well as Network element and equipment designations.

  • Life-of-the-unit, firm power contractual arrangement means a unit participation power sales agreement under which a utility or industrial customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and associated energy from any specified unit and pays its proportional amount of such unit's total costs, pursuant to a contract:

  • Health status-related factor means any of the following factors:

  • Crisis stabilization unit means a short-term facility or a