Universal life insurance policy definition

Universal life insurance policy means any individual life insurance policy under the provisions of which separately identified interest credits (other than in connection with dividend accumulations, premium deposit funds, or other supplementary accounts) and mortality or expense charges are made to the policy.
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Universal life insurance policy means any individual life insurance policy under the provisions of which separately identified interest credits (other than in connection with dividend accumulations, premium deposit funds, or other supplementary accounts) and mortality and expense charges are made to the policy. A universal life insurance policy may provide for other credits and charges, such as charges for the cost of benefits provided by rider.
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Universal life insurance policy means a policy where the mortality, investment income and administrative charges are expressed separately in the policy;
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Examples of Universal life insurance policy in a sentence

  • Universal life insurance policy" means any individual life insurance policy under the provisions of which separately identified interest credits (other than in connection with dividend accumulations, premium deposit funds, or other supplementary accounts) and mortality or expense charges are made to the policy.

  • Universal life insurance policy" means any individual life insurance policy under the provisions of which separately identified interest credits (other than in connection with dividend accumula- tions, premium deposit funds, or other supplementary accounts) and mortality or expense charges are made to the policy.[Statutory Authority: RCW 48.02.060, 48.74.030, 48.74.040, 48.74.070,and 48.74.080.

  • Approval of Architectural Firms as Pre-Qualified to Provide Architectural Services for the DistrictACTION10.

  • Universal life insurance policy" means any individual life insurance policy under the provisions of which separately identified interest credits (other than in connection with dividend accumulations, premium deposit funds, or other supplementary accounts) and mortality and expense charges are made to the policy.

  • Investment assets belong to policyholder not the company.- Universal life insurance policy is life insurance policy with separate investment saving element.


More Definitions of Universal life insurance policy

Universal life insurance policy means any individual life insurance policy under the provisions of which separately
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Universal life insurance policy means any individual life insurance policy under the provisions of which separately identified interest credits (other than in connection with dividend accumulations, premium deposit funds, or other supplementary accounts) and mortality or expense charges are made to the policy. [Eff and comp 02/02/17; comp 9/30/21] (Auth: HRS §§431:5-401, 432:2-201) (Imp: HRS
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Universal life insurance policy means a life insurance policy:
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Universal life insurance policy means any individual life insurance policy having provisions for separately identified interest credits (other than in connection with dividend accumulations, premium deposit funds, or other supplementary accounts) and mortality and ex- pense charges. A universal life insurance policy may provide for other credits and charges, such as charges for the cost of benefits provided by rider.
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Universal life insurance policy means any individual life insurance policy under the provisions of which separately identified interest credits (other than in connection with dividend accumulations, premium deposit funds, or
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Universal life insurance policy means any individual life insurance policy under the provisions of which separately identified interest credits (other than in con-
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Universal life insurance policy means any individual life insurance policy under the
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