Security Benefit Life Insurance Sample Clauses

Security Benefit Life Insurance. Company A Member of The Security Benefit Group of Companies One Security Benefit Place, Xxxxxx, XX 00000-0000 0-000-000-0000
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Security Benefit Life Insurance. Company A Member of The Security Benefit Group of Companies One Security Benefit Place, Xxxxxx, XX 00000-0000 0-000-000-0000 The variable annuity covered by this Contract is the subject of a pending patent application in the United States Patent and Trademark Office. V6029 (11-00) TABLE OF CONTENTS Page CONTRACT DATA PAGE 3 DEFINITIONS 4 GENERAL PROVISIONS 7 The Contract 7 Compliance 8 Misstatement of Age or Sex 8 Evidence of Survival 8 Incontestability 8 Assignment 8 Ownership of Assets 8 Transfers 8 Claims of Creditors 9 Basis of Values 9 Participation 9 Statements 9 Delay of Payment 9 OWNERSHIP, ANNUITANT AND BENEFICIARY PROVISIONS 10 Ownership 10 Joint Ownership 10 Annuitant 10 Primary and Contingent Beneficiaries 10 Ownership and Beneficiary Changes 10 PURCHASE PAYMENT PROVISIONS 11 Flexible Purchase Payments 11 Purchase Payment Limitations 11 Purchase Payment Allocation 11 Place of Payment 11 CONTRACT VALUE AND EXPENSE PROVISIONS 11 Contract Value 11 Fixed Account Contract Value 11 Fixed Account Interest Crediting 12 Separate Account Contract Value 12 Accumulation Unit Value 12 Net Investment Factor 13 Determining Accumulation Units 13 Mortality and Expense Risk Charge 13 Rider Charge 13 Method of Deducting Mortality and Expense Risk and Rider Charges 14 Administration Charge 15 Account Administration Charge 15 Premium Tax Expense 15 Withdrawal Charges 15 Free Withdrawals 16 Mutual Fund Expenses 16 WITHDRAWAL PROVISIONS 16 Withdrawals 16 Partial Withdrawals 17 Systematic Withdrawals 17 Withdrawal Value 17 DEATH BENEFIT PROVISIONS 18 Death Benefit 18 Proof of Death 18 Distribution Rules 18 ANNUITY BENEFIT PROVISIONS 19 Annuity Start Date 19 Change of Annuity Start Date 19 Annuity Options 19 Annuity Start Amount 21 Fixed Annuity Payments 21 Variable Annuity Payments 21 Annuity Tables 21 Annuity Payments 22 Annuity Units 22 Annuity Unit Value 22 Alternate Annuity Option Rates 23 AMENDMENTS OR RIDERS, if any CONTRACT DATA PAGE OWNER NAME: Xxxx Xxx CONTRACT NUMBER: 123456789 JOINT OWNER NAME: Xxxx Xxx CONTRACT DATE: July 1, 1999 ANNUITANT NAME: Xxxx Xxx ANNUITY START DATE: July 1, 2005 ANNUITANT DATE OF BIRTH: October 5, 1960 PLAN: Non-Qualified
Sample 1
Security Benefit Life Insurance. Company A Member of The Security Benefit Group of Companies One Security Benefit Place, Xxxxxx, XX 00000-0000 0-000-000-0000 The variable annuity covered by this Contract is the subject of a pending patent application in the United States Patent and Trademark Office. V6029 (11-00)U TABLE OF CONTENTS Page CONTRACT DATA PAGE 3 DEFINITIONS 4 GENERAL PROVISIONS 7 The Contract 7 Compliance 8 Misstatement of Age 8 Evidence of Survival 8 Incontestability 8 Assignment 8 Ownership of Assets 8 Transfers 8 Claims of Creditors 9 Basis of Values 9 Participation 9 Statements 9 Delay of Payment 9
Sample 1
Security Benefit Life Insurance. If you agree to the foregoing, please sign the enclosed copies of this letter and return them to Xxxxxxxx Xxxxx Yu at Xxxxxx Xxxxxxx Investment Management Inc., 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000. Sincerely, Xxxxxx Xxxxxxx Investment Management Inc. By: /s/ Xxxxxx X. Xxxxxxx ----------------------------------- Name: Xxxxxx X. Xxxxxxx ----------------------------------- Title: Managing Director ----------------------------------- AGREED and ACCEPTED: Security Benefit Life Insurance Company
Sample 1
Security Benefit Life Insurance. Company 4. Security Benefit Group, Inc. 5. Security Management Company, LLC 6. Security Distributors, Inc. 7. Creative Impressions, Inc. 8. Security Benefit Academy, Inc. Security Benefit Life Insurance Company and all of its affiliates listed above (hereafter collectively referred to as the "GROUP OF COMPANIES") agree that from time to time certain members of the GROUP OF COMPANIES may furnish personnel, services, office space and equipment (hereafter referred to as "Facilities") to other members of the GROUP OF COMPANIES and that members providing such facilities should be fairly compensated by the member to whom such facilities are provided. In consideration of the mutual promises from and to each party, it is agreed by and between the parties as follows:
Sample 1
Security Benefit Life Insurance. If you agree to the foregoing, please sign the enclosed copies of this letter and return them to Xxxxxxxx Xxxxx Yu at Xxxxxx Xxxxxxx Investment Management Inc., 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000. Sincerely, Xxxxxx Xxxxxxx Investment Management Inc. By: /s/ Xxxxxx X. Xxxxxxx ----------------------------------- Name: Xxxxxx X. Xxxxxxx ----------------------------------- Title: Managing Director ----------------------------------- AGREED and ACCEPTED: Security Benefit Life Insurance Company By: /s/ Xxx Xxxx ----------------------------------- Name: Xxx Xxxx ----------------------------------- Title: Sr. V.P. & CMO ----------------------------------- AMENDMENT TO PARTICIPATION AGREEMENT This AMENDMENT TO PARTICIPATION AGREEMENT (the "Amendment") is made and entered into as of the 1st day of March, 2007, by and among SECURITY BENEFIT LIFE INSURANCE COMPANY (the "Company"), on its own behalf and on behalf of each separate account of the Company identified in the Participation Agreement (as defined below), THE UNIVERSAL INSTITUTIONAL FUNDS, INC. (the "Fund"), XXXXXX XXXXXXX DISTRIBUTION, INC. (the "Underwriter"), and XXXXXX XXXXXXX INVESTMENT MANAGEMENT INC. (the "Adviser").
Sample 1

Related to Security Benefit Life Insurance

  • Insurance Benefit The Employer may elect to provide incidental life insurance benefits for insurable Participants who consent to life insurance benefits by signing the appropriate insurance company application form. The Trustee will not purchase any incidental life insurance benefit for any Participant prior to an allocation to the Participant's Account. At an insured Participant's written direction, the Trustee will use all or any portion of the Participant's nondeductible voluntary contributions, if any, to pay insurance premiums covering the Participant's life. This Section 11.01 also authorizes the purchase of life insurance, for the benefit of the Participant, on the life of a family member of the Participant or on any person in whom the Participant has an insurable interest. However, if the policy is on the joint lives of the Participant and another person, the Trustee may not maintain that policy if that other person predeceases the Participant. The Employer will direct the Trustee as to the insurance company and insurance agent through which the Trustee is to purchase the insurance contracts, the amount of the coverage and the applicable dividend plan. Each application for a policy, and the policies themselves, must designate the Trustee as sole owner, with the right reserved to the Trustee to exercise any right or option contained in the policies, subject to the terms and provisions of this Agreement. The Trustee must be the named beneficiary for the Account of the insured Participant. Proceeds of insurance contracts paid to the Participant's Account under this Article XI are subject to the distribution requirements of Article V and of Article VI. The Trustee will not retain any such proceeds for the benefit of the Trust. The Trustee will charge the premiums on any incidental benefit insurance contract covering the life of a Participant against the Account of that Participant. The Trustee will hold all incidental benefit insurance contracts issued under the Plan as assets of the Trust created under the Plan.

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions.

  • Benefit Limit A. Should it be determined that the aggregate Present Value (measured as of the Closing Date) of the Parachute Payment attributable to the Payment(s) does not exceed one hundred ten percent (110%) of the Permissible Parachute Amount, then no Gross-Up Payment shall be made to Executive under Paragraph 1 of this Appendix. Instead, the limitations set forth in this Paragraph 2 shall apply. Accordingly, the amount of the Payments otherwise due the Executive shall be reduced to the extent necessary to assure that the aggregate Present Value of the Payment(s) does not exceed the greater of the following dollar amounts (the “Benefit Limit”)

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Benefit Level The primary care clinics available through each plan administrator are assigned a Benefit Level. The Benefit Levels are outlined in the benefit chart below. Primary care clinics may be in different Benefit Levels for different plan administrators. Family members may be enrolled in clinics that are in different Benefits Levels. Employees and their dependents may change to clinics in different Benefit Levels during the annual open enrollment. Employees and their dependents may also elect to move to a clinic in a different Benefit Level within the same plan administrator up to two (2) additional times during the plan year. Unless the individual has a referral from his/her primary care clinic, there are no benefits for services received from providers in Benefit Levels that are different from that of the primary care clinic in which the individual has enrolled.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Long Term Disability Benefit In the event an employee, while covered under this plan, becomes totally disabled as a result of an accident or a sickness, then, after the employee has been totally disabled for seven (7) months, including periods approved in Section 1.3(a) and (c), he/she shall be eligible to receive a monthly benefit as follows:

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

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