UNIVERSAL LIFE PLANS definition

UNIVERSAL LIFE PLANS. The following variable universal life plans including any of the following riders when attached to one of the following plans (to be referred to in this Exhibit B and D as "VUL Plans"): COMMENCEMENT PLAN IDENTIFICATION DATE ------------------------------------------------- ------------------- VUL-IV (Form 30061 with Aug. 30, 2005 endorsements 132024 and 130701) RIDERS: Automatic Increasing Benefit Aug. 30, 2005 Rider (AIBR) (Form 30965) Base Insured Rider (BIR) (Form Aug. 30, 2005 132023) Other Insured Rider (OIR) (Form 30450) Aug. 30, 2005 Exchange of Insured Rider (EOI) (Form 132114)
View Source
UNIVERSAL LIFE PLANS. The following universal life plans including any of the following riders when attached to one of the following plans (to be referred to in this Exhibit B and D as "UL Plans"): COMMENCEMENT PLAN IDENTIFICATION DATE ------------------------------------- --------------------- Foundations UL Form 30080C Jan. 24, 2006 with Endorsement 133080 Foundations Protector Form Jan. 24, 2006 133078 and 133078-ES Riders: Automatic Increasing Benefit Jan. 24, 2006 Rider (AIBR) (Form 30965) Exchange of Insured Rider (E0I) It is understood and agreed the Agreement also covers other VUL Plan and UL Plan policy form and endorsement numbers for the above plans that may vary for specific states.
View Source

Examples of UNIVERSAL LIFE PLANS in a sentence

  • UNIVERSAL LIFE PLANS: For universal life policies the amount of reinsurance for any policy year is to be determined at the beginning of such year as the excess, if any, of the amount at risk over the retained risk.

  • NET AMOUNT AT RISK: UNIVERSAL LIFE PLANS: For universal life policies the amount of reinsurance for any policy year is to be determined at the beginning of such year as the excess, if any, of the amount at risk over the retained risk.

  • UNIVERSAL LIFE PLANS - Our net amount at risk will be the reinsurance face amount, less the account or cash value, less your retention.

  • UNIVERSAL LIFE PLANS - Our first year net amount at risk will be the face amount of the term policy that is being converted.