Survivorship Policy definition

Survivorship Policy means a Policy insuring the lives of the Participant and a Participant's spouse, with the death benefit payable at the death of the last survivor of the Participant and his or her spouse.
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Survivorship Policy means a Policy insuring the lives of the Participant and a Participant's spouse, with the death benefit payable at the death of the last survivor of the Participant and his/her spouse.
Sample 1Sample 2
Survivorship Policy means a Policy insuring the lives of the Participant and a Co-insured, with the death benefit payable at the death of the last survivor of the Participant and the Co-insured.
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Examples of Survivorship Policy in a sentence

  • Flexible Premium Variable Survivorship Policy (VEP) Maximum commission of 45% of Target Premium paid in Policy year 1, 5% of Target Premium paid in Policy years 2-5, 3% of Target Premium paid in any subsequent years, and 3% of any excess premium in any year.

  • Also the weakness of the student with respect to concepts of a particular knowledge goal is not identified.

  • Where the provisions differ, the provisions will be distinguished by reference to "Individual Policy" or "Survivorship Policy".

  • While both Insureds are alive you may exchange this Survivorship Policy for separate single life policies on the life of each Insured without evidence of insurability under the conditions for exchange as described in Section 3 of this Rider.

  • The Sum Insured of each new policy will be one half of the Death Benefit of the Survivorship Policy on the date of exchange.

  • If the Survivorship Policy has been assigned, the assignee must consent to the exchange.

  • The Survivorship Policy must be in full force on the exchange date.

  • When this option is exercised, the Survivorship Policy will be terminated.

  • One half of the Surrender Value of the Survivorship Policy will be applied as an initial premium on each of the new policies.

  • The charge for this Rider is shown in the Policy Specifications of the Survivorship Policy.


More Definitions of Survivorship Policy

Survivorship Policy means a Policy insuring the lives of the Participant and a Participant's spouse, with the death benefit payable at the death of the last survivor of the Participant and his or her spouse. "Unforeseeable Emergency" means a severe financial hardship resulting from extraordinary and unforeseeable circumstances arising as a result of one or more recent events beyond the control of the Participant, which cannot be eliminated by other reasonably available resources of the Participant. "Zero Investment Account" means the vehicle which is deemed to hold amounts related to Participants' Estate Enhancement Option Elections. Article III DEFERRAL OF COMPENSATION
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Related to Survivorship Policy

  • Joint and Survivor Annuity means an immediate annuity for the life of a Participant with a survivor annuity for the life of the Participant's Spouse which is not less than fifty percent (50%), nor more than one hundred percent (100%) of the amount of the annuity payable during the joint lives of the Participant and the Participant's Spouse which can be purchased with the Participant's Vested interest in the Plan reduced by any outstanding loan balances pursuant to Section 7.4.

  • Code of Conduct means the SFC's Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission.

  • SAP Partner Code of Conduct means SAP Group’s global policy document that provides a set of informative guidelines to enable partners to comply with good business practices which is published on SAP’s partner-dedicated website.

  • Supplier Code of Conduct means the code of that name published by the Government Commercial Function originally dated September 2017, as may be amended, restated, updated, re-issued or re-named from time to time;

  • Qualified Joint and Survivor Annuity means an annuity for the life of the Participant with a survivor annuity for the life of his Spouse as described in Section 8.2.

  • Survivors Committee” means the Additional Tort Claimants Committee Of Sexual Abuse Survivors, appointed by the U.S. Trustee on December 19, 2018.

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

  • war widower s pension” means any pension or allowance payable to a man as a widower or to a surviving civil partner under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003 in respect of the death or disablement of any person;

  • Spouse means, an individual who,

  • Child or Children means a child or children unmarried

  • Dependant child means a dependant person who is aged 0–17 years of age.

  • Nonminor dependent means any individual age eighteen to twenty-one years who is participating in extended foster care services authorized under RCW 74.13.031.

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

  • the Employment, Skills and Enterprise Scheme means a scheme under section 17A (schemes for assisting persons to obtain employment: “work for your benefit” schemes etc.) of the Jobseekers Act 1995 known by that name and provided pursuant to arrangements made by the Secretary of State that is designed to assist claimants for job-seekers allowance to obtain employment, including self- employment, and which may include for any individual work-related activity (including work experience or job search);

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Public employees retirement system means the retirement plan and program

  • Minor child means a biological or adopted child of the

  • Employment Practices Wrongful Act means any actual or alleged:

  • 'Survivor's Option means, where applicable, the right of a holder of a Note to require the Company to repay such Note prior to its Stated Maturity upon the death of the owner of such Note, subject to the provisions hereof relating to such option."

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Code of Ethics means a statement encompassing the set of rules based on values and the standards of conduct to which suppliers are expected to conform

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Safeguarding and promoting the welfare of children means: • Protecting children from maltreatment• Preventing impairment of children’s mental or physical health or development• Ensuring that children grow up in circumstances consistent with the provision of safe and effective care• Taking action to enable all children to have the best outcomes

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.