Single Life Policy definition

Single Life Policy means this policy if it is issued to provide life cover to only single life i.e., the Life Assured.
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Single Life Policy means a Policy in which there is only one (1) life assured – the Life Assured.
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Single Life Policy means a policy that pays upon the death of the Participant.
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Examples of Single Life Policy in a sentence

  • The guaranteed cost of insurance charges vary based on Attained Age in the case of a Single Life Policy and rates that reflect the Attained Ages of the Insureds for each Policy Year in the case of a Survivorship Policy, as well as sex, smoking status of the Insured(s) and substandard rating.

  • Researches performed to assess OCB by Katz and Kahn, has been demonstrated that low levels of spontaneous behaviors (cooperation) source from the unreasonably wages and salary.

  • If an Insured whether sane or insane dies by suicide within two years after the Issue Date or within 2 years of any Policy Reinstatement, or within the maximum period permitted by state law, if less, the following will occur: a Single Life Policy will terminate; a Survivorship Life Policy will terminate upon the suicide of either Insured during the time period if permitted by state law; otherwise the Policy will terminate only upon the suicide of the second Insured to die within the time period.

  • In case of death of Life Assured (in a Single Life Policy or Joint Life Policy) due to suicide within twelve (12) months from the Date of Commencement of Risk or the date of latest revival of the Policy, whichever is later, then, the Claimant shall be entitled to receive the higher of 80% of the Total Premiums Paid and received till the date of death of the Life Assured or the Surrender Value, if any, available as on the date of death, provided the Policy is in-force.

  • You may purchase a Single Life Policy to provide insurance coverage on the life of one Insured or a Survivorship Policy to provide insurance coverage on the lives of two Insureds.

  • The Company base the Cost of Insurance Rates on each Insured's Issue Age, sex (or unisex rate), underwriting class, number of full years the insurance has been in force and, for a Single Life Policy, the Face Amount.

  • Under a Single Life Policy, we will pay the Death Benefit to the beneficiary upon the death of the Insured.

  • The Single Life Policy insures a single life and pays a death benefit upon due proof of the death of the Insured and receipt of all information, forms and documents needed to make the claim in good order.

  • The guaranteed cost of insurance charge is based on Attained Age in the case of a Single Life Policy and Policy Year in the case of a Survivorship Policy, as well as sex, smoking status of the Insured(s) and rating age.

  • For Policy funded by SRS monies, the policyholder must be the Life Assured covered under the Policy (Single Life Policy).


More Definitions of Single Life Policy

Single Life Policy means a policy of life assurance satisfying the conditions set out under section 393B(4)(b) of the Income Tax (Earnings and Pensions) Act 2003.
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Single Life Policy means this policy if it is issued to provide life cover to only single
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Related to Single Life Policy

  • life policy means a contract in terms of which a person, in return for a premium, undertakes to -

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Emission Summary Table means the table prepared in accordance with O. Reg. 419/05 and the Procedure Document listing the appropriate Point of Impingement concentrations of each Compound of Concern from the Facility and providing comparison to the corresponding Ministry Point of Impingement Limit or Maximum Concentration Level Assessment.

  • 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;

  • 100-year flood means a flood that has a 1-percent or greater chance of recurring in any given year or a flood of a magnitude equaled or exceeded once in 100 years on the average over a significantly long period.

  • Life insurance means contracts that incorporate mortality risk, including annuity and pure endowment contracts, and as may be specified in the valuation manual.

  • Policy Schedule means a schedule attached to these Terms and Benefits, which sets out, among others, the Policy Effective Date, Renewal Date, the name and the relevant particulars of the Policy Holder and the Insured Person, the eligible benefits, premium and other relevant details in respect of these Terms and Benefits.

  • 2001 CSO Mortality Table means that mortality table, consisting of separate rates of mortality for male and female lives, developed by the American Academy of Actuaries CSO Task Force from the valuation basic mortality table developed by the Society of Actuaries Individual Life Insurance Valuation Mortal- ity Task Force, and adopted by the NAIC in December 2002. The 2001 CSO mortality table is included in the Proceedings of the NAIC (2nd Quarter 2002) and is supplemented by the 2001 CSO preferred class structure mortality table and may be obtained from the office. Unless the context indicates otherwise, the “2001 CSO mortality table” includes both the ultimate form of that table and the select and ultimate form of that table and includes both the smoker and nonsmoker mortality tables and the composite mor- tality tables. It also includes both the age−nearest−birthday and age−last−birthday bases of the mortality tables.

  • CSR Policy means the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • 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

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Insurance Schedule means Schedule 3 attached hereto.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Table 4 Ending this Addendum when the Approved Addendum Changes

  • Table E academic outcomes at receiving institution

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • Master Policy means a single worker’s compensation insurance policy issued by an insurer authorized to do business in this state to an employee leasing company in the name of the employee leasing company that covers more than one client of the employee leasing company.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Composite mortality tables means mortality tables with rates of mortality that do not distinguish between smokers and nonsmokers.

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • 100-year floodplain means any area of land that:

  • Annuity reserve means the present value, computed upon the basis of the mortality and other tables adopted by the board, of all payments to be made on account of any annuity, or benefit in lieu of any annuity, granted to a retirant as provided in this chapter.