Total Face Amount definition

Total Face Amount means $38,925,797.

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Total Face Amount is the sum of the Basic Face Amount and the Face Amounts of any riders providing life insurance coverage on the Insured, unless specifically excluded. The Total Face Amount is used in determining the Death Benefit under this Policy and the initial Total Face Amount is shown on the cover of your Policy or subsequent Supplemental Schedule of Coverage. Valuation Day – is each day required by applicable law and currently includes each day the New York Stock Exchange is open for trading and our Administrative Office is open. Valuation Period – is the period of time between successive Valuation Days. Variable Account – is a Separate Account of ours or a subaccount of a Separate Account of ours in which assets are segregated from assets in our General Account and our other Separate Accounts. Net Premiums and Accumulated Value under this Policy may be allocated to one or more Variable Accounts. Variable Investment Option – a Variable Account or Variable Option. Variable Options – an Investment Option consisting of one or more Variable Accounts available under this Policy, and are part of the Separate Account. We, our, ours, and us – refer to Pacific Life Insurance Company (PLIC). Written Request – is your signed request in writing, or on a form we provide, and received by us at our Administrative Office in Proper Form, containing information we need to act on the request. Prior to any Written Request, you may contact us to obtain information regarding the Proper Form required for a request. Written Request includes an electronic request provided in a format acceptable to us.

Total Face Amount. The Specified Face Amount plus the Supplemental Insurance Face Amount specified as such in Section 1.

Examples of Total Face Amount in a sentence

• Under this option, the Death Benefit may be less than the Total Face Amount.

• An increase in the Total Face Amount may arise when you request a change in Death Benefit Options.

• If the Net Amount at Risk ever exceeds three times the original Total Face Amount, we reserve the right to make a distribution of Accumulated Value to make the Net Amount at Risk equal three times the original Total Face Amount.

• There is no Surrender Charge imposed for a withdrawal, even if the Total Face Amount is reduced as a result of the withdrawal.

• The Total Face Amount will be adjusted, if necessary, so that the Death Benefit immediately after the change of Death Benefit Option will be equal to the Death Benefit immediately before the change.

• We recommend you consult a qualified tax advisor before requesting a decrease in Total Face Amount of Coverage Layers as described below.

• The 7-Pay Premium may change whenever there is a change in the Total Face Amount of insurance or in other certain Policy benefits or factors.

• Any reduction in the Total Face Amount, whether by Written Request or due to a withdrawal or change in Death Benefit Option, will affect the Total Face Amount by reducing the Face Amount of Coverage Layers as described below.

• The Guideline Premiums may change whenever there is a change in the Total Face Amount of insurance, whether scheduled or otherwise, or certain other Policy benefits or factors.

• The request for a decrease in the Total Face Amount will be subject to the Guideline Premium Limit (if specified for your Policy) as defined in the Code.

More Definitions of Total Face Amount

Total Face Amount. The Specified Face Amount plus Additional Protection Benefit Face Amount. See Section 1.

Total Face Amount means the total of the Face Amounts of all types of Securities (i.e., the Crude Oil Securities, Natural Gas Securities, Gasoline Securities, Heating Oil Securities, 12 Month Crude Oil Securities, and 12 Month Natural Gas Securities) for the Payment Quarter. (d) Exhibit B to the Agreement is hereby amended so as to be in the form of Attachment A hereto. (e) Exhibit C to the Agreement is hereby amended so as to be in the form of Attachment B hereto.

Total Face Amount means, at any particular time, the aggregate Face Amount of all Documentary Credits which have been issued and are outstanding.

Total Face Amount means the total of the Face Amounts of all types of Securities (i.e., the Crude Oil Securities, Natural Gas Securities, Gasoline Securities, and Heating Oil Securities) for the Payment Quarter.

Total Face Amount. Total Face Amount is the sum of the Base Policy Face Amount as shown on the Policy Schedule plus any endorsements or riders attached to the Policy that provide additional life insurance coverage on the Insured. If no additional endorsement or riders attach to the Policy, then the Total Face Amount and Base Policy Face Amount will be the same.

Total Face Amount. Total Face Amount is the sum of Face Amount of this Group Policy and any other life coverage on the Insured Member taken by the Group Policy Holder with MetLife India Insurance Company Private Limited. The Total Face Amount shall be reckoned only if this Group Policy provides for Extraordinary Gratuity Benefits or the Group Life Cover is in excess of the difference between the Total Statutory Gratuity Benefits and the Accrued Gratuity.