Examples of Policy Anniversary in a sentence
Changes in Premiums We have the right to increase Your premium rates as of any Policy Anniversary Date on or after the 3rd Policy Anniversary.
Any increase on or after that date will only be made on a class basis, and will take effect on a Policy Anniversary Date.
Increases in Benefits On each Policy Anniversary Date, You have the right to elect any or all of the following increases in Your Benefits: • Increase the Policy Lifetime Maximum Benefit; or • Increase the Nursing Facility Maximum Daily Benefit.
The effective date of the purchased increase is the Policy Anniversary day falling in the next Policy Month starting after Disability Benefits {and Recovery Benefits} ended and premiums are no longer waived.
Premium rate increases are subject to Insurance Department approval, will be made only on a Class basis and will take effect on a Policy Anniversary Date.