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).