Single Life Clause Samples
The 'Single Life' clause defines the duration of certain benefits, payments, or rights as being tied solely to the lifetime of a specified individual. In practice, this means that annuity payments, pension benefits, or insurance coverage will continue only as long as the named person is alive, ceasing immediately upon their death. This clause is commonly used in retirement plans or insurance policies to limit the provider's obligation to the lifespan of one person, thereby managing financial risk and ensuring clear terms regarding the end of benefit payments.
Single Life. [REDACTED] The pool maximum Automatic Binding amounts above include the Ceding Company’s Retention per insured.
Single Life. Issue Age Munich Re's Share ----------- ----------------- 0-69 30% 70-85 40% Joint Life ---------- Issue Age Munich Re's Share ---------- ----------------- 0-85 30%
Single Life. Standard annual reinsurance premiums, per $1000 reinsured for the riders listed below, shall be the same rates as for the base plan. |X| Additional Protection Benefit Rider |X| Automatic Increase Rider* *Reinsurance rates for these riders shall be based on the original issue age, duration since issuance of the rider and the original underwriting classification. SCHEDULE B, CONTINUED
Single Life. Issue Age Standard Tables 1-5 Tables 6-10 Tables 11-16 Issue Age Standard Tables 1-5 Tables 6-10 Tables 11-16
Single Life. Juvenile: 15 days-15 years Standard Non-Nicotine and Standard Nicotine: [REDACTED] Preferred Nicotine and Standard Plus Non-Nicotine: [REDACTED] Super Preferred Non-Nicotine and Preferred Plus Non-Nicotine: [REDACTED] Super Preferred Non-Nicotine and Preferred Non-Nicotine: [REDACTED] Standard Non-Nicotine, Preferred Nicotine, and Standard Nicotine: [REDACTED]
Single Life. The single life YRT Rates shown in this Exhibit are a percentage of the 2001 Valuation Basic Table (VBT), NS/SM, ANB or ALB, depending on plan. These are annual rates for standard risks and are per $1,000 of the Net Amount at Risk reinsured. We will pay you these rates multiplied by the following percentages: Phoenix Accumulator UL UL/VUL Express VUL -------------- ------ ----------- Risk Class Male Preferred Plus Male Preferred Male Nonsmoker Male Smoker Female Preferred Plus Female Preferred Female Nonsmoker Female Smoker
Single Life. The CEDING COMPANY retains 50%, not to exceed the CEDING COMPANY’s maximum retention as shown in Exhibit A. · The maximum single life policy face amount is $6,500,000 per life for ages 0 to 70. · The REINSURER will accept 50% of each risk. Once the CEDING COMPANY is fully retained the REINSURER will accept no more risk on the life. · Issue age is 0 to 70 years. · Any rating does not exceed Table D using the CEDING COMPANY’s normal underwriting guidelines.
Single Life. Periodic annuity benefit payments during the Annuitant's life. The annuity benefit payments do not continue after the death of the Annuitant.
Single Life. [REDACTED]
Single Life. The single life YRT Rates shown in this Exhibit are a percentage of the 1975-80 Select and Ultimate Basic ANB Table and the SOA (Reinsurance Council) extension for issue ages above age 70. These are annual rates for standard risks and are per $1,000 of the Net Amount at Risk reinsured. We will pay you these rates multiplied by the following percentages: RISK CLASS PERCENT