Universal Life Fund definition

Universal Life Fund means the fund that is built up with premiums of Universal Life policies.

Examples of Universal Life Fund in a sentence

  • The investment assets of Universal Life Fund are limited to fixed-income assets which include (but not limited to) government bonds, municipal bonds, corporate bonds and bank deposits.

  • The investment objective of Universal Life Fund is to achieve stable and profitable investment return with adequate liquidity.DLVN will pursue the investment objective by selecting the stable profitable investment.

  • The investment objective of Universal Life Fund is to achieve stable and profitable investment return with adequate liquidity.DLVN will pursue the investment objective by selecting profitable investment.

  • Dai-ichi Lfe Vietnam had prospect in Universal Life Fund and it’s will less any fee related to Universal Life Fund.The Credit interest will announce after less Fund Management Fee, Dai-ichi Life Vietnam will post all information about the interst rate of policy in Dai-ichi Life websiteWhile the policy is still in force, interest will be credited to the Policy Account Value at rate declared by Dai-ichi Life Vietnam from time to time in its website.

  • Universal Life Fund (NP16) Features of FundInception Date16 January 2017Investment ObjectiveThe Fund aims to achieve medium to long-term capital appreciation by investing in a mixture of equities and fixed income securities with good fundamentals and growth potential.Investment Strategy & ApproachThe Fund invests in a mixture of equities and fixed income securities with good fundamentals and growth potential.

  • Acting on insight from SOLAR, an extensive customer research project covering nine markets across Asia, launched Sun Life Everbright’s award-winning Critical Illness with Universal Life Fund Package, the first product in China to combine savings and critical illness insurance.

Related to Universal Life Fund

  • Universal Digital Loop Carrier (UDLC means the DLC system that has a CO terminal channel bank that is connected to the CO switches on the analog side.

  • Retirement fund means the "Washington law enforcement

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

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

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Universal bilateral modification means a bilateral modification, as defined in FAR subpart 43.1, that updates or incorporates new FAR or AIDAR clauses, other terms and conditions, or special requirements, affecting all USAID awards or a class of awards, as specified in the Agency notification of such modification.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Intercollegiate sport means a sport played at the collegiate level for which eligibility requirements for participation by a student athlete are established by a national association for the promotion or regulation of collegiate athletics.

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Units serving lower income households means units that are occupied by lower income households at an affordable rent, as defined in section 50053 of the Health and Safety Code or, to the extent that the terms of federal, state, or local financing or financial assistance conflicts with section 50053, rents that do not exceed those prescribed by the terms of the financing or financial assistance. Effective October 13, 2017, pursuant to Revenue and Taxation Code section 214(g)(2)(A)(iii), a unit in a property that receives federal low income housing tax credits shall continue to be treated as occupied by a lower income household if the occupants were lower income households on the lien date in the fiscal year in which their occupancy of the unit commenced and the unit continues to be rent restricted, notwithstanding an increase in the income of the occupants of the unit to 140 percent of area median income (AMI), adjusted for family size (“over-income” tenants). Units reserved for lower income households at an affordable rent that are temporarily vacant due to tenant turnover or repairs shall be counted as occupied.

  • Special Fund means the fund by that name created in Section 7.1. “State” means the State of Nebraska.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Active life of a facility means the period from the initial receipt of hazardous waste at the facility until the Agency receives certification of final closure.

  • Defined Contribution Plan Fraction means a fraction, the numerator of which is the sum of the annual additions to a Participant’s accounts under all Defined Contribution Plans maintained by one or more Affiliated Companies, and the denominator of which is the sum of the lesser of (i) or (ii) for such Plan Year and for each prior Plan Year of Service with one or more Related Companies, where (i) is the product of 1.25 multiplied by the dollar limitation in effect under Section 415(c)(1)(A) of the Code for the Plan Year (determined without regard to Section 415(c)(6) of the Code), and (ii) is the product of 1.4 multiplied by the amount which may be taken into account under Section 415(c)(1)(B) of the Code (or Section 415(c)(7) of the Code, if applicable) with respect to the Participant for the Plan Year. Solely for purposes of this definition, contributions made directly by an Employee to a Defined Benefit Plan which maintains a qualified cost-of-living arrangement as such term is defined in Section 415(k)(2) shall be treated as Annual Additions. Notwithstanding the foregoing, the numerator of the Defined Contribution Plan Fraction shall be adjusted pursuant to Treasury Regulations 1.415-7(d)(1) and Questions T-6 and T-7 of Internal Revenue Service Notice 83-10.

  • Special Equity Interest means any Equity Interest that is subject to a Lien in favor of creditors of the issuer of such Equity Interest provided that (a) such Lien was created to secure Indebtedness owing by such issuer to such creditors, (b) such Indebtedness was (i) in existence at the time the Obligors acquired such Equity Interest, (ii) incurred or assumed by such issuer substantially contemporaneously with such acquisition or (iii) already subject to a Lien granted to such creditors and (c) unless such Equity Interest is not intended to be included in the Collateral, the documentation creating or governing such Lien does not prohibit the inclusion of such Equity Interest in the Collateral.

  • Universal service means any service approved by the board

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • 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.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Superannuation Fund means the Local Government Superannuation Scheme.

  • Economic Life means the number of years a property improvement is expected to be in service in a facility.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -