Examples of Unfunded Benefit Liability in a sentence
The restructuring will be for the purpose of separating the liabilities arising under SHIP’s LTC policies that it is projected to have sufficient assets to fund (the Initial Funded Restructured Policy Value - “IFRPV”), from those that it is projected to be unable to fund (the Unfunded Benefit Liability - UBL).
Given the rise in stock, we also assume that landlord numbers will grow by 2.7% per year.
Except as described in the preceding sentence, when the policy transfers are made as described in this Subsection, the transferring Company will not transfer the Unfunded Benefit Liability (UBL) under those policies and the receiving Company will not assume that liability.
The Company will retain indebtedness to the policyholders for the amount by which the liabilities have been reduced, i.e., the Unfunded Benefit Liability (UBL).
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