First Policy definition
Examples of First Policy in a sentence
First Policy Year Qualifying First Year Premiums up to Target 58.7 % Excess Premiums 8.5 % Renewals Policy Years 2-5, up to Target 15.0 % Policy Years 2-5, Excess Premiums 7.0 % Policy Years 6-7, up to Target 13.0 % Policy Years 6-7, Excess Premiums 5.0 % Policy Years 8-10 2.0 % Policy Years 11 et seq.
BrightLife® Protect and IUL Protect 1.0 % BrightLife® Grow 2.0 % Compensation on Incentive Life Optimizer® III, VUL Optimizer® Series 160 and VUL Optimizer® Series 166: Type of Premium Percentage First Policy Year Qualifying First Year Premiums up to Target 99.0 % Excess Premiums 8.5 % Renewals Policy Years 2-5 5.8 % Policy Years 6-10 3.8 % Policy Years 11 et seq.
These loadings will be applied from inception date of the First Policy including subsequent Renewal(s) with Us.
Alternatively, the Company shall pay or reimburse the First Policy Premium Payments to the Employee or the Trustee of an irrevocable life insurance trust established for such purpose.
These claim cost sharing options can be selected only at the time of issuance of the First Policy or at Renewal by You.
In addition, the Company shall continue to pay all premiums on the First Policy and the Second Policy, during and after the term of this Agreement, as provided in paragraph 4(a) above.
Conditions specified for an Insured Person under Personal Waiting Period in the Schedule of Insurance Certificate will be subject to a Waiting Period of 24 months from the inception of the First Policy with Us and will be covered from the commencement of the third Policy Year as long as the Insured Person has been insured continuously under the Policy without any break.
The State and PPSD shall adopt an Employment First Policy, making work in integrated employment settings the first and priority service option for youth seeking transition work placements and for transition-age youth’s postsecondary vocational planning objectives.
The PPSD’s Employment First Policy will set forth values for the school district’s transition planning process that reflect PPSD and the State’s expectations for supporting youth in transition in integrated employment settings through a systemic and collaborative framework.
First Year, Previously Reported (i.e., Renewal Business in First Policy Year) 3.