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 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.
Universal life insurance policy means a policy where the mortality, investment income and administrative charges are expressed separately in the policy;
Examples of Universal life insurance policy in a sentence
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
Universal life insurance policy means a life insurance 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 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
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.
Universal life insurance policy means any individual life insurance policy under the provisions of which separately identified interest credits (other than in con-
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
Universal life insurance policy means a life insurance policy issued by a life insurance company to the insured as evidence that the insured and the life insurance company have entered into a life insurance contract with an agreement that the insured will pay a premium specified in the contract, including the insurance premium as top-up, and the company will deduct fees and coverage against death from the policy or other coverage and will credit interest periodically as specified in the offer's supporting documents, where minimum interest is guaranteed;